In today’s briefing:
- Hollysys (HOLI US): Board Starts a Formal Sale Process
- An Update with Rajesh Vashist of SiTime
- Furniture/Furnishings Weekly – MLKN Results Boost Sector; Consumer Confidence Dips
- CCC Intelligent Solutions On The Sales Block: Why Are Bain
- DLocal Ltd: Does The Potential Sale Of The Fintech Player Present An Opportunity?
Hollysys (HOLI US): Board Starts a Formal Sale Process
- The Hollysys Automation Technologies (HOLI US) Board succumbs to shareholder pressure by announcing the formation of a special committee to conduct a formal sale process.
- Hollysys has received non-binding proposals from six parties since December 2020. The most recent is a non-binding proposal from the Recco consortium at US$25.00 per share.
- The Board’s change of heart should encourage previous bidders to re-engage. Recco’s offer, while attractive, is not a knockout bid, suggesting a possible bidding war.
An Update with Rajesh Vashist of SiTime
- This week, Rajesh Vashist of SiTime came to talk about SiTime’s new product launch, Epoch.
- SiTime is still the least understood story in semiconductors because timing is one of the least understood products or applications in semiconductors.
- Timing chips. They are the heartbeat of any system in any communications, processing, computing, or all of the above.
Furniture/Furnishings Weekly – MLKN Results Boost Sector; Consumer Confidence Dips
MillerKnoll earnings sparked a second week of outperformance for the commercial/contract furniture stocks, which rose ~8% in a week when broader indices were roughly flat.
- MLKN reported adjusted EPS of $0.37 in 1QFY24, above consensus of $0.21 consensus, and upped guidance.
- Shares jumped 27% on Wednesday. All three major US firms in the sector advanced last week.
CCC Intelligent Solutions On The Sales Block: Why Are Bain
- This is a special, one-time report on CCC Intelligent Solutions Holdings Inc., a noteworthy provider specializing in car-insurance software, that has garnered substantial attention as it finds itself potentially at the cusp of a pivotal acquisition deal.
- The current ownership landscape of CCC is dominated by Advent International, holding a commanding 56% stake, and it has reportedly been exploring sale options following a Reuters report.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
DLocal Ltd: Does The Potential Sale Of The Fintech Player Present An Opportunity?
- This is a special one-time report on DLocal, a company that has been a subject of intense scrutiny and intrigue, especially after reports by Bloomberg News about the company considering various future paths, including a potential sale.
- The speculation of its sale has set the financial markets abuzz, leading to a noticeable uptick in the company’s shares.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
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