MergerTalk: Why We Think The Risk In Apollo's Tenneco Buy Out Is Overpriced
Whether the oversized spread underestimates Apollo's commitment to the transaction terms or overestimates the deal's regulatory obstacles, either...
487 Views
U.S. Equity Strategy: Risk-On Rotations Vs. Weaker Seasonality; Russell 2000, Biotech, EM Improving
We are seeing signs of rotations back into more risk-on areas of the equity market -- a bullish sign for the broad market. Add to biotech, small-...
241 Views
MergerTalk: The Covid-19 Effect On US Merger Spreads -An Update
The Covid-19 pandemic and, as is becoming clearer by the day, its devastating global economic impact, unsurprisingly continues to be the dominant...
293 Views
Delphi-BorgWarner: Why Are Acquirer Shareholders Unhappy?
Announced on 28th January, auto parts manufacturers Borgwarner Inc (BWA US) and Delphi Technologies PLC (DLPH US) will combine in an all-stock...
324 Views
Brakes-It: Automotive Coverage Worst-Case Scenario Implications
Autos have substantial exposure in no-deal Brexit, but valuations for select stocks look attractive.While we lack the credentials to forecast the...
799 Views