In today’s briefing:
- Silver Lake/Software AG: Bain Clears the Way
- Ambarella Inc.: A New AI Powerhouse? – Key Drivers
- Amkor Technology: 4 Key Factors That Will Help Offset The Revenue Decline – Financial Forecasts
- Cirrus Logic Inc.: The Role Of Innovation & Other Factors In The Company’s Success – Key Drivers
Silver Lake/Software AG: Bain Clears the Way
- Silver Lake announced it waived the minimum acceptance threshold of 50% + 1 share in its offer for Software AG (SOW GR) . The acceptance period has been extended until 28 June.
- Bain Capital abandons the pursuit and will sell its 10.01% stake to Silver Lake, which will now controls 41%, plus another 10% from a convertible bond.
- Silver Lake is now pressing the minority shareholders to tender. Spread is 1.44%/15.13% (gross/annualised), assuming settlement on 31 July. I believe that Silver Lake will be successful. Long and tender.
Ambarella Inc.: A New AI Powerhouse? – Key Drivers
- Ambarella managed to exceed analyst expectations in terms of revenue as well as earnings.
- However, despite these headwinds, the company’s Q1 results exceeded expectations.
- The introduction of the CV3 platform marks a new phase in the development of the AI market for Ambarella.
Amkor Technology: 4 Key Factors That Will Help Offset The Revenue Decline – Financial Forecasts
- Amkor Technology delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as earnings expectations of Wall Street.
- Despite the decline in revenue, the company’s diversified end-market exposure provided stability and resilience.
- Amkor’s technology leadership in advanced packaging allowed them to win new programs in the communications market, offsetting the softening of the consumer and computing markets.
Cirrus Logic Inc.: The Role Of Innovation & Other Factors In The Company’s Success – Key Drivers
- Cirrus Logic managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.
- The company achieved a significant revenue of $1.9 billion.
- We give Cirrus Logic a ‘Hold’ rating with a revised target price.
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