AI Signal: Sign In to See
How M&A Deals in 2022 Could Surpass 2021’s Record Breaking YearApr 4th, 2022 8:30 EST
VANCOUVER, BC, April 4, 2022 /PRNewswire/ — Last year in 2021, over 63,000 M&A deals set the all-time record with whopping $5.9 trillion, with deals in the US alone up by 82%. Analysts including those at Morgan Stanley are already projecting 2022 to be another strong year after last year’s boom. In fact, KPMG projects that 2022 could be even bigger than last year’s record. Already there’s been a blockbuster in tech, through the recent mega-acquisition of Activision Blizzard (NASDAQ: ATVI) by Microsoft, Inc. (NASDAQ: MSFT). Now the market is paying attention to some of the next important deals on deck, including potential deals for Peloton Interactive, Inc. (NASDAQ: PTON), Kohl‘s Corporation (NYSE: KSS), and Petroteq Energy, Inc. (OTCPK: PQEFF).
In the case of clean technology company Petroteq Energy, Inc. (OTC: PQEFF), an offer is already on the table from Viston United Swiss AG, that has been given a deadline extension of April 14, 2022. Petroteq specializes in oil production, having developed proprietary technologies that enable the company to produce oil without water, waste tailings ponds and emissions. In addition to sustainable oil production, their technology cleans oil sands of all hydrocarbons, creating a purified sand as part of an overall ESG strategy.
Already earlier this year, Petroteq‘s Board Members shared their unanimous intention to tender their shares through the offer.
“After thorough consideration of all aspects of the Viston Offer, the advice provided by Haywood and consulting with its other advisors, the Board has unanimously determined to recommend that Shareholders accept the Viston Offer and tender their Common Shares,” said the Board in their official statement.
The offer itself is valued at a considerable premium over the market price, with a 100% all-cash consideration of C$0.74 per common share. This price point represents a premium of approximately 279% over the closing price of the Common Shares on the TSX Venture Exchange on August 6, 2021—being the last trading day that the Common Shares were traded on the TSXV before they were halted on that exchange.
So far, the company has also announced its willingness to assist Viston with its CFIUS filings.
“We are particularly pleased with the recognition this shows of our technology which we have taken from inception to commercial viability as a one of its kind in oil sands eco-friendly, green extraction,” said former Petroteq Chairman and CEO, Dr. Gerald Bailey, who retired in January. “We had always forecast a great future. However, we respect the value of this offer to shareholders and if it can be achieved it will reward our many dedicated supporters.”
Shares in Peloton Interactive, Inc. (NASDAQ: PTON) reportedly soared early on as reports started to trickle out that it was a prime takeover target. However, as weeks rolled on, Peloton‘s stock dropped, all while reports surfaced of its founder selling $50 million in stock to MSD Partners.
As the leading interactive fitness platform in the world, Peloton announced a comprehensive program to reduce costs and drive growth, profitability, and free cash flow. As per the program’s outline, Peloton expects to deliver at least $800 million in annual run-rate cost savings, while reducing its planned 2022 CapEx spending by approximately $150 million.
“Our focus is on building on the already amazing Peloton Member experience, while optimizing our organization to deliver profitable growth,” said John Foley, Co-Founder of Peloton and newly appointed Executive Chair. “This restructuring program is the result of diligent planning to address key areas of the business and realign our operations so that we can execute against our growth opportunity with efficiency and discipline.”
According to a recent piece from Barron‘s, retail giant Kohl‘s Corporation (NYSE: KSS) is also a takeover target. Reports that private-equity firm Sycamore Partners and Canadian department store Hudson‘s Bay were preparing takeover offers that could value the company at more than $9 billion—which is slightly higher than the company’s March 18, 2022 closing price market cap of nearly $8.7 billion.
At a recent virtual investment day, Kohl‘s updated the market on the company’s strategy to drive growth and become the retailer of choice for the active and casual lifestyle.
“We have fundamentally restructured our business to drive sustainable and profitable growth, while providing a strong return to shareholders,” said Michelle Gass, CEO of Kohl‘s. “We have laid the foundation for our winning strategy and have started to implement key initiatives that will scale and accelerate our growth in the years ahead.”
One of the biggest takeovers so far in 2022 was that of Activision Blizzard (NASDAQ: ATVI) by Microsoft, Inc. (NASDAQ: MSFT), which sparked even more chatter within the gaming industry of additional big deals to come.
The US$68.7 billion deal netted in several popular game franchises into Microsoft’s portfolio, including World of Warcraft, Call of Duty and Candy Crush.
“Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” said Satya Nadella, chairman and CEO, Microsoft. “We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all.”
Microsoft acquired shares at a price of $95 per share for Activision Blizzard. At the time the deal was announced, shares of Activision skyrocketed from $65.39 on the previous trading day to $82.31 for a one day gain of nearly 26%—while the official purchase price was more than a 45% premium on top.
Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for PetroTeq Energy Inc. advertising and digital media from Maynard Communication Limited. There may be 3rd parties who may have shares of PetroTeq Energy Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ owns shares of PetroTeq Energy Inc. which were purchased in the open market at least 72 hours after our initial coverage date of the company. MIQ reserves the right to buy and sell, and will buy and sell shares of PetroTeq Energy Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ on/about PetroTeq Energy Inc. has been reviewed and approved by the principals at PetroTeq Energy Inc.; this is a paid advertisement, and while we we do own shares of PetroTeq Energy Inc. that were purchased in the open market, we plan on buying and selling more shares of PetroTeq Energy Inc. in the open market. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Media Contact Information:FN Media Group, LLCMedia Contact e-mail: [email protected] U.S. Phone: +1(954)345-0611
SOURCE USA News Group