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16 June 2021
09:27 hour

Vertical Aerospace to become publicly traded via merger with Broadstone Acquisition

Seeking Alpha

10/06/2021 - 23:14


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  1. SPAC Broadstone Acquisition gains on report of deal for flying taxi startup Vertical Aerospace (09/06/2021 - Seeking Alpha)

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  2. SPAC Broadstone Acquisition gains after confirming deal for flying taxi startup Vertical Aerospace (10/06/2021 - Seeking Alpha)

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  3. Foresight Acquisition and P3 Health merger to make P3 a publicly traded company (25/05/2021 - Seeking Alpha)

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  4. FTC Decisions on Genomic Company M&As (31/03/2021 - Reddit Stocks)
    Also posted in r/GenomicStocks So the FTC has made a few decisions on certain mergers that are related to genomics-based multi-cancer early detection (MCED) tests. They approved the merger between Exact Sciences (EXAS) and Thrive, which are both companies that are developing MCED tests. However, the FTC announced today that they will be challenging the Illumina (ILMN) and Grail merger, which will be only the second vertical merger that the FTC has challenged in the past 40 years (most mergers that are challenged are horizontal mergers). It's interesting to see that the FTC approved the horizontal merger in this case, and not the vertical one. The FTC is arguing that the Illumina acquisition/merger with Grail will hinder competition in the MCED test market. The FTC previously challenged Illumina's M&A deal with Pacific Biosciences (PACB), a would-be horizontal merger, which ultimately fell through. ​ Sources: https://www.thestreet.com/investing/illumina-bid-for-cancer-screening-firm-grail-challenged-by-ftc https://insidesources.com/weve-been-fighting-the-war-on-cancer-for-too-long-its-time-to-change-that/ https://www.realclearhealth.com/articles/2021/03/26/bidens_moon_shot_end_cancer_as_we_know_it_111182.html ​ Disclaimer: I have a special interest in multi-cancer early detection assays   submitted by   /u/indie_hedgehog [link]   [comments]
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  5. Vivid Seats Merger. Do you think its a good reopening play? (22/04/2021 - Reddit Stock Market)
    https://www.themiddlemarket.com/latest-news/vivid-seats-to-go-public-via-merger-with-horizon-spac What are your thoughts on the Vivid Seats merger? Do you think its a good reopening play? with everything opening up soon I think it has potential. Its a spac right around 10 bucks. Live nation is $80 right now. Could it be real competitor? ​ " Vivid Seats Inc., an online concert, sports and theater ticket marketplace, has entered into a definitive transaction agreement with Horizon, a publicly-traded special purpose acquisition company, Horizon Sponsor LLC and certain other parties thereto, that will result in Vivid Seats becoming a public company. The new company, which will be led by Vivid Seats CEO Stan Chia, will continue to be managed by its experienced management team, including CFO Lawrence Fey. Todd L. Boehly, chairman and CEO of Horizon and Eldridge, will join the Vivid Seats board of directors."   submitted by   /u/t777a123 [link]   [comments]
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  6. Algoma Steel inks merger deal with SPAC Legato Merger to publicly trade on Nasdaq (25/05/2021 - Seeking Alpha)

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  7. FTC sues Illumina (ILMN) to block vertical integration with Grail (31/03/2021 - Reddit Stocks)
    In an unusual move, the Federal Trade Commission announced that they have filed suit to block genetic sequencing leader Illumina’s (ILMN) $7.1B merger with the liquid biopsy company Grail. Interestingly, Grail was founded as a subsidiary of ILMN and was spun off. After filing to go public, Grail announced that they had entered into an agreement for ILMN to buy the rest of the company. It is the FTC’s position that ILMN may stifle competition in the emerging liquid biopsy market. Because ILMN holds a monopoly on short read sequencing, their competitors in the liquid biopsy space have no choice but to use ILMN’s products. Thus, the FTC believes the acquisition of Grail is anti-competitive. Interestingly, ILMN used to be one of the largest holdings in the ARKK and ARKG ETFs. Cathie Wood chose to divest after ILMN announced the acquisition of Grail because she believed it would put ILMN in direct competition with their competitors. This is the second time in 40 years that the FTC has blocked a vertical integration. They sued AT&T to block the integration with Time Warner Cable, which ultimately failed. Interestingly, this is the second time in two years the FTC has sued to block ILMN’s acquisitions. They previously sued ILMN to block their merger with PACB. Ultimately ILMN and PACB terminated the merger. Exact Sciences recently completed a horizontal integration to acquire the liquid biopsy company Thrive, which was not challenged. www.wsj.com/amp/articles/ftc-challenges-illuminas-proposed-acquisition-of-liquid-biopsy-firm-grail-11617131491 Personally I believe this will take some time to wash out and I expect a bigger correction in ILMN stock. I believe this represents an opportunity for entries into a long position in ILMN. I have a hard time believing this merger won’t go through. Long $ILMN.   submitted by   /u/Social_History [link]   [comments]
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  8. IPO Report: WeWork to go public after merger with SPAC BowX Acquisition in a deal valued at $9 billion (26/03/2021 - Market Watch)
    WeWork is finally going public, after the flexible office space company announced Friday a merger with special-purpose acquisition company BowX Acquisition Corp. in a deal valuing WeWork at $9 billion.
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  9. Are there any clearing companies publicly traded? (16/04/2021 - Reddit Stocks)
    Google is not making my life easy with this query. Does anyone know what, if any, clearing companies are traded? Not ETFs or mutual funds or something like Vanguard. Just a straight up company traded on the market? This is pertaining to NSTB and Apex Clearing. DD on SPACs are hard enough but when I cant find anything to compare, its really tough.   submitted by   /u/BurgerOfLove [link]   [comments]
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  10. Redbox to go public later this year via special purp acq company Ticker = "RDBX" (22/05/2021 - Reddit Stocks)
    Haven't seen this posted here. ​ ​ ​ Key points: ​ The transaction will result in Redbox becoming a publicly traded company with an enterprise value of $693 million. ​ The transaction, approved unanimously by the boards of both companies, is expected to close in the third quarter of 2021. At that point, Redbox’s common stock is expected to trade on Nasdaq under the ticker symbol “RDBX.” The transaction is being funded by a combination of $145 million of cash held in the trust account of Seaport Global Acquisition and a private investment in public equity (PIPE) commitment of $50 million led by Ophir Asset Management. ​ After the deal closes, Redbox expects to have approximately $209 million in cash that will be used to pay down existing debt and fund digital expansion, content acquisition and marketing initiatives. ​ According to Redbox, it generated $114 million of adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in 2020. ​ ​ ​ https://about.redbox.com/redbox-to-become-publicly-traded-company/ ​ ​ --- ​ My personal opinion, this could be an interesting opportunity especially since Redbox just started launching AVOD service like Tubi/Pluto TV.   submitted by   /u/RagingHomo_DaPenis [link]   [comments]
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  11. The Next Tech Software Play: Acquisition-Driven Vertical Market Software? (14/03/2021 - Reddit Stocks)
    Is the next Tech software play in acquisition-driven vertical market software? Constellation Software may cut dividend, plans to pursue bigger deals Constellation Software (CSU) is a much younger version of Roper Technologies (ROP). Think Berkshire Hathaway plus technology. Also, the scope of the software offerings is broader for the former than for the latter. This little-known Canadian play in vertical market software returned at least 3600% between mid-2010 and mid-2020. More importantly, the stock went up even as interest rates went up in 2016, because all acquisition targets were already profitable and cash-flow-generating businesses, and were also bought at a discount. In other words, all acquisitions were a corporate exercise in value investing. In turn, this company has a little brother of its own, also Canadian-based: Enghouse Systems (ENGH). The earlier question isn't about any of the aforementioned companies specifically. Is there potential for one or more "next Constellation Softwares" that are in the business of acquisitions for building vertical market software empires as lucrative as the above, especially as we come closer to 2023-2024 and beyond? [Such plays could "stonk" even while the rest of the tech bubble pops, so long as their acquisitions are corporate exercises in value investing.]   submitted by   /u/Torlek1 [link]   [comments]
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  12. Bright machine IPO through SCVX (03/06/2021 - Reddit Stocks)
    Ok so I want to get stocks in this company called bright machines. Now i saw this: Bright Machines, an industry leader in intelligent, software-defined manufacturing, and SCVX (NYSE: SCVX), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement that will result in Bright Machines becoming a publicly listed company. Upon completion of the merger, Bright Machines intends to trade under the ticker symbol “BRTM”. So my question is this. If I buy SCVX will that supposedly be like eventually buying Bright machines? since they are merging? or should I wait for the IPO and buy BRTM? ​ If it's to wait then how do I know when they go public?   submitted by   /u/goodknightffs [link]   [comments]
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  13. BigBear.ai to publicly trade on Nasdaq via merger with GigCapital4 at an enterprise value of ~$1.57B (04/06/2021 - Seeking Alpha)

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  14. [BAM] Your thoughts on publicly traded subsidiaries (14/02/2021 - Reddit Stocks)
    Hi everyone, I'm a newbie on the stock market, and I've been putting a lot of effort into analysing different companies lately. Right now I'm thinking of buying some Brookfield shares (BAM), I feel like this is a company that I can trust with my money. I like their activities, their balance sheet and their current valuation. I was reading through some articles, and saw a post on Seeking Alpha stating that it is good for BAM to have their subsidiaries publicly traded (can't post a link unfortunately, my previous post was removed because of it). But I can't figure out why this should be good (or bad, for that matter). Can somebody with more knowledge of the stock market please explain this to me? I just want to know how trading in their subsidiaries could have a positive (or negative) effect on BAM's financial position and can't find anything on the internet about it. Thanks a lot in advance!   submitted by   /u/Kernautist [link]   [comments]
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  15. NVDA & ARM? Consequences of a failed acquisition? (15/06/2021 - Reddit Stocks)
    I'm holding a lot of NVDA right now and I'm a bit concerned that the ARM merger might fall through which I'm sure would be disasterous for the stock (at least a big short term hit). What I've read shows the deal won't be finalized until 2022 but what concerns me is an early end from a country rejecting the merger terms. I also see now that Qualcomm has injected itself into the story. https://www.cnbc.com/2021/06/08/nvidias-acquisition-of-arm-set-to-be-delayed-by-chinese-regulators.html https://www.cnbc.com/2021/06/14/qualcomm-offers-to-invest-in-arm-as-regulators-threaten-nvidia-deal.html ​ What do you guys this of the merger timeline and is there any way to monitor the progress? Perhaps this thread could keep us up to date on NVDA/ARM news.   submitted by   /u/dreamliner330 [link]   [comments]
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  16. Colfax to split into two publicly-traded companies (04/03/2021 - Seeking Alpha)

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  17. How to invest in agricultural & Vertical Farming? (04/04/2021 - Reddit Stocks)
    I see a massive market for Vertical Farming Tech, and institutions building these vertical farms. Land is becoming scarce, population is growing and vertical farming saves a tremendous amount of fresh water. You can grown food year round, and they could potentially grow specialty foods that are not native to the area (expensive). Any thoughts on a long term strategy to capitalize on this?   submitted by   /u/VisuallySilent2u [link]   [comments]
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  18. John Marshall Bancorp plans to become a publicly traded company (21/04/2021 - Seeking Alpha)

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  19. XPO Logistics subsidiary to launch notes offering, become a publicly traded company (14/06/2021 - Seeking Alpha)

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  20. Colonial Pipeline attackers offered to tip off short sellers about publicly-traded targets (11/05/2021 - Seeking Alpha)

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  21. Publicly Traded EEG and Brain Interfacing Companies (11/04/2021 - Reddit Stocks)
    With Neurallink on the rise (privately owned) and Valve working with OpenBCI to release basic brain interfacing in their Valve Index headsets within the decade, it would seem like basic Brain Computer Interface (BCI) technology is the next big step in computer hardware. I've been having a hard time finding any publicly traded companies that specialise in EEG/BCI technology and was wondering if this has been discussed before and if anyone has any recommendations? I don't believe I'll find the next Tesla, but I'm hoping to be like Raven the Wall Street chimpanzee that threw a bunch of darts at random upcoming internet companies and became the 22nd most successful money manager in the US in 1999. At this point I'm just looking for companies to even be able to throw darts at (proverbially speaking... hopefully)   submitted by   /u/IStoleyoursoxs [link]   [comments]
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  22. Which electric vehicle or charging station companies do you own shares of stock in? (30/03/2021 - Reddit Stocks)
    I have been following a number of these stocks and started researching companies in this sector I do not currently own any stocks of this nature but I do drive an electric vehicle, the Nissan Leaf - good investment btw is it just me or is Nissan's stock highly undervalued? one company I'm watching out for is EVGO. Not yet publicly listed but planning to go public soon through a merger with CLII (Climate Change Crisis Real Impact I Acquisition Corporation)   submitted by   /u/person4563 [link]   [comments]
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  23. Broadstone Net Lease goes ex-dividend tomorrow (29/03/2021 - Seeking Alpha)

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  24. WeedMaps going public- merger vote date announced for June 10th. (26/05/2021 - Reddit Stocks)
    Ticker is currently $SSPK, will be changing to $MAPS after the merger goes through. Just released yesterday in the S-4/A filing: To Be Held On June 10, 2021 To the Shareholders of Silver Spike Acquisition Corp: NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “general meeting”) of Silver Spike Acquisition Corp., a Cayman Islands exempted company (“Silver Spike,” “we,” “our” or “us”), will be held on June 10, 2021, at 10:00 a.m. (local time), at the offices of Silver Spike, located at 660 Madison Ave., Suite 1600, New York, New York 10065 for the following purposes: 1. The Business Combination Proposal – To consider and vote upon a proposal to approve the transactions contemplated by the agreement and plan of merger.   submitted by   /u/waltertrading [link]   [comments]
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  25. Fisker (FSR) is still doomed. (23/03/2021 - Reddit Stocks)
    Fisker (FSR) is still doomed. Months ago, even before becoming publicly traded via reverse merger, Fisker was hyped as the next Tesla. Henrik Fisker has aimed to build the company as the next Tesla. The Foxconn manufacturing deal is part of this goal, and so is the Magna manufacturing deal. However, it is an earlier negotiating failure that has proved that Fisker does not have the acumen to see the next Tesla even if it was right before him. In fact, not seeing the Next Tesla literally is exactly what unfolded. On the other hand, what value could Fisker itself have brought to the table? Perhaps it was this very negotiating failure that caused the Next Tesla to develop its own in-car operating systems.   submitted by   /u/Torlek1 [link]   [comments]
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  26. Apollo's Redbox to go publicly through SPAC Seaport Global Acquisition (17/05/2021 - Seeking Alpha)

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  27. SBE extends voting for ChargePoint merger? Are institutional holders preventing the acquisition? (13/02/2021 - Reddit Stocks)
    I have only recently learned of SBE and plan on taking a position with them before they merge with ChargePoint, but I am trying to understand why the shareholders are slow to vote, or purposely not voting on the acquisition. I noticed that the 73% of SBE stock is held by institutions. Could it be that these institutions are purposely thwarting the acquisition by refusing to vote?   submitted by   /u/PinataPlethora [link]   [comments]
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  28. NewsWatch: The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening (05/06/2021 - Market Watch)
    Investors may need to consider private equity to capture the returns that publicly traded stocks have provided.
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  29. NewsWatch: The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening (06/06/2021 - Market Watch)
    Investors may need to consider private equity to capture the returns that publicly traded stocks have provided.
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  30. NewsWatch: The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening (05/06/2021 - Market Watch)
    Investors may need to consider private equity to capture the returns that publicly traded stocks have provided.
    [visit article]
  31. NewsWatch: The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening (06/06/2021 - Market Watch)
    Investors may need to consider private equity to capture the returns that publicly traded stocks have provided.
    [visit article]
  32. NewsWatch: The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening (06/06/2021 - Market Watch)
    Investors may need to consider private equity to capture the returns that publicly traded stocks have provided.
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  33. : L Brands to separate and spin off Victoria’s Secret and Bath & Body Works (11/05/2021 - Market Watch)
    The much-discussed separation will create two publicly traded companies
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  34. Mark Hulbert: The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening (04/06/2021 - Market Watch)
    Investors may need to consider private equity to capture the returns that publicly traded stocks have provided.
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  35. JPMorgan favors W.P. Carey over Broadstone Net Lease on recent price moves (15/06/2021 - Seeking Alpha)

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  36. Banking app, Dave to go public via merger with VPC Acquisition (07/06/2021 - Seeking Alpha)

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  37. ARK Adds New ETF - Space Exploration and Innovation ($ARKX) (30/03/2021 - Reddit Stocks)
    The ETF plans on gaining exposure to four different types of space innovation based companies: “orbital aerospace, suborbital aerospace, enabling technology, and aerospace beneficiary companies.” It currently has 38 holdings with median market capitalization of $30bn. Here is a list of its holdings. What do you guys think about this latest Ark ETF? More information here.   submitted by   /u/ksb041200 [link]   [comments]
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  38. Cannae to invest new $50M in QOMPLX and Tailwind Acquisition merger (02/03/2021 - Seeking Alpha)

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  39. HighCape Capital Acquisition more than doubles on Quantum-Si merger (18/02/2021 - Seeking Alpha)

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  40. NextNav to go public via merger with SPAC Spartacus Acquisition (10/06/2021 - Seeking Alpha)

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  41. IPO Report: SoFi stock gains in first trading day after SPAC merger (01/06/2021 - Market Watch)
    Shares of SoFi Technologies Inc. are up more than 7% in Tuesday's session, which marks the first day of trading for SoFi shares following the financial technology company's merger with Social Capital Hedosophia Holdings Corp. V, a special-purpose acquisition company.
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  42. The Beachbody to go public through merger with Forest Road Acquisition at $2.9B valuation (10/02/2021 - Seeking Alpha)

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  43. Colonnade Acquisition shareholders to meet for merger approval with Ouster (22/02/2021 - Seeking Alpha)

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  44. Innovid in talks for SPAC merger at $1.2B valuation, may do deal with ION Acquisition - report (03/05/2021 - Seeking Alpha)

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  45. Coherent board accepts II-VI acquisition proposal and terminates Lumentum merger (25/03/2021 - Seeking Alpha)

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  46. Wallbox to list on NYSE through merger with Kensington Capital Acquisition Corp. II (09/06/2021 - Seeking Alpha)

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  47. APHA & TLRY Holders - Don’t panic! Here's what happens to stocks when mergers close... (03/05/2021 - Reddit Stocks)
    Disclaimer: This is not financial advice, do you own research. TL;DR – Some brokers are taking their sweet time with these shares. MOST companies are down day after a merger and then rebound in the coming weeks. Sit tight! Ok, so we’ve all figured out what happens to our APHA and TLRY shares now that the merger is closed (Right? Right!). If you’re still confused, check out THIS post from earlier. Feedback on my prior post is that SOME brokers have changed your position to reflect your TLRY shares (TD Ameritrade for the win) and some have not (get your shit together, RH). Either way, you will get those shares (hopefully) soon and all will be well with the world. BUT WAIT! TLRY is down $1.20 today… WTF?!? A few things to note - There are a lot of market dynamics at play here: There were hedge funds with prior positions that now need to rebalance. There are people who were only holding on the APHA for the merger and now want to sell. There are ETFs that will likely have some sort of rebalancing. Shorts may be covering on the weakness today. This is a liquidity event – expect volatility. We can expect a decent amount of choppiness around TLRY the next few days. “But grey_patagonia_vest how do you know?!?” Well kids, I did some good old fashion data analysis. I pulled a list of all mergers with the following criteria: Both target and acquirer are publicly traded on a North American exchange The deal terms (like APHA/TLRY) were either all stock or at least some cash and some stonks Any mergers with an equity value >$500mm USD (some of the smaller ones can get funky) I then looked at the performance of the acquirer (like TLRY in this case) – after the deal closed. I started with the stock price of the acquirer 30 trading days before the merger closed, then looked at 7 days before, one day before, one day after, one week after, one month after, three months after, six months after and finally a year after. Here is what I found…. Of the 214 deals that fit this criteria… ~56% of acquirer stocks were down the day after a merger closed (as measured from the day before), so TLRY is in good company. Of these 56%, the companies were down an AVERAGE of 3% (TLRY currently down ~6%). Then, of those companies that were down on day one, 19% of them were back up after a week, 38% after a month and 48% after 3M. Those 48% that were up after 3M were up an average of 14% from the day before the merger. If TLRY behaved that way, we’d see TLRY @ $20.90 before long. What does this mean for TLRY? It takes some time. This is no guarantee and this definitely isn’t financial advice, but today’s trading likely isn’t an indicator of future performance.   submitted by   /u/Grey_Patagonia_Vest [link]   [comments]
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  48. Falcon Capital Acquisition stock rises on merger agreement with Sharecare at $3.9B valuation (12/02/2021 - Seeking Alpha)

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  49. SPAC Locust Walk Acquisition inks merger deal with eFFECTOR Therapeutics (27/05/2021 - Seeking Alpha)

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