Owens & Minor cancels $1.36B Rotech acquisition
Glen Allen-based Owens & Minor, a Fortune 500 health care logistics firm, has canceled its $1.36 billion acquisition of Florida-based Rotech Healthcare Holdings, a home health care company. The two firms mutually agreed to terminate the deal on Tuesday, according to a U.S. Securities and Exchange Commission filing.
Owens & Minor is paying an $80 million termination fee to end the deal.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
NextEra Energy: Built for Long-Term Growth?
NextEra Energy is the largest regulated electric utility traded on American exchanges. The nature of its operations will appeal to conservative investors looking for resilient businesses. There are ample opportunities available for the company to pursue continued growth. 10 stocks we like better than NextEra Energy › Forget the allure of companies promising groundbreaking innovations. While some of these may, in fact, provide handsome returns, the savviest investors know that the road to greater personal wealth is largely paved with tried-and-true stocks that can provide a firm foundation for one's portfolio -- stocks like utility powerhouse NextEra Energy (NYSE: NEE). But it's not only the fact that NextEra Energy stock has outperformed the market for the past two decades that makes it an alluring attraction. Between management's steadfast commitment to rewarding shareholders -- its dividend currently offers a forward yield over 3% -- and the company's conservative business model, NextEra Energy will appeal to those looking to fortify their portfolios. Since there are so many things to like about the stock, it's worth asking if the company has the power to prosper over the long term. One of the largest regulated electric utilities in North America, NextEra Energy primarily generates revenue from its two businesses: Florida Power and Light (FPL) and NextEra Energy Resources. With over six million customers, FPL mostly serves retail customers, while NextEra Energy Resources operates renewable energy assets throughout the United States. The conservative nature of the company's business is demonstrated in two distinct ways. Because FPL is a regulated utility, NextEra Energy is guaranteed certain rates of return on its Sunshine State operations by the Florida Public Service Commission. Similarly, NextEra Energy Resources also represents a low-risk business. From solar power to battery storage to wind power to nuclear power, NextEra Energy Resources has a diversified portfolio of clean energy assets totaling about 38 gigawatts (GW). The company inks long-term power-purchase agreements (PPAs) with customers in wholesale electricity markets to which it sells the energy, capacity, credits, and other products. While the nature of NextEra Energy's business model should light up the eyes of investors who are seeking reliable companies, management's adept ability to generate profits will make them downright sparkle. Averaging an annual earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 51.8% from 2020 through 2024, NextEra Energy has consistently demonstrated superior profitability on an EBITDA margin basis over the past 10 years compared to its closest peers based on market capitalization: Southern Company and Duke Energy. Besides its strong EBITDA margin, NextEra Energy's proficiency in growing operating cash flow further differentiates it from its peers. Of course, it bears remembering that simply because the company has succeeded in these regards over the past decade doesn't guarantee similar growth over the next decade; however, it's certainly an auspicious sign that's worthy of recognition. Moreover, NextEra Energy has averaged a payout ratio of 81% over the past five years, and the company has hiked the dividend higher for more than 30 consecutive years -- all of which should help assuage the concerns. To ensure that NextEra Energy achieves growth in the coming year, investors can expect management to pull several levers. For one, the company will certainly petition the Florida Public Service Commission to raise rates on its regulated electric utility customers. Already, the company has proposed raising base rates by about $1.6 billion and $0.9 billion for 2026 and 2027, respectively. Another growth option for the company is the advancement of projects that currently are in the backlog of NextEra Energy Resources. In 2024, NextEra Energy Resources added about 1.4 GW of wind-generating capacity, 2.5 GW of solar-generating capacity, and 0.8 GW of battery-storage capacity. As of late April 2025, NextEra Energy had a backlog of renewable energy projects that totaled 28 GW and 300 GW in the pipeline. Lastly, the company can grow through acquisitions as it has repeatedly done in the past. In 2019, for example, NextEra Energy added about 470,000 customers when it acquired Southern Company's regulated electricity business Gulf Power, which operates in northwestern Florida, for about $4.4 billion. Growing its electricity transmission business, NextEra Energy completed a $502 million acquisition of GridLiance in 2021. From the opportunities to expand its renewable energy portfolio to its ability to grow its regulated electricity business through rate increases and acquisitions, it's clear that NextEra Energy has the capacity to continue growing in the coming years. And with the stock trading in early June at 11.4 times operating cash flow, a discount to its five-year average cash-flow multiple of 14.9, now seems like a great time to click the buy button. Before you buy stock in NextEra Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and NextEra Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool recommends Duke Energy. The Motley Fool has a disclosure policy. NextEra Energy: Built for Long-Term Growth? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
37 minutes ago
- Yahoo
HOOD vs. IBKR: Which Fintech Broker is Poised for More Growth?
Robinhood Markets HOOD and Interactive Brokers Group IBKR are prominent online brokerage players offering commission-free trading platforms. Robinhood appeals to newer, mobile-first retail investors, while Interactive Brokers serves more advanced traders with its comprehensive the stock markets witnessing massive volatility and client activity, HOOD and IBKR are expected to benefit from increased trading activities. As such, investors are bullish on both. This year, shares of HOOD have soared 65.8%, while Interactive Brokers is up 18.4%. Also, stocks have fared better than the industry, the Zacks Finance sector and the S&P 500 Index in the same time frame. HOOD & IBKR YTD Price Performance Image Source: Zacks Investment Research So, the question arises: which brokerage stock — Robinhood or Interactive Brokers — offers greater upside in the evolving trading market? Let's break down their fundamentals, financial performance, growth prospects and more before taking any decision. Robinhood became extremely popular among younger generations in early 2021, riding on the meme stock wave. Nonetheless, since its IPO in July 2021, a lot has happened on the business front. It has evolved from a brokerage firm primarily trading in digital assets to a more mature and diversified entity, striving to become a one-stop shop for building generational wealth. In this context, HOOD has launched several initiatives to attract more clients and strengthen its market share. Some notable ones are Robinhood Strategies, Robinhood Banking and Robinhood Cortex to boost the wealth management offerings; the prediction markets hub; a credit card and a desktop trading platform. Additionally, Robinhood is expanding via strategic acquisitions, which are helping it foray into new businesses and complement existing ones. On Tuesday, it announced an agreement to buy Canada-based WonderFi Technologies Inc. in a C$250 million all-cash deal, which will help deepen its presence in the Canadian digital asset market. In February 2025, it completed the $300 million acquisition of TradePMR, a custodial and portfolio management platform specializing in services for Registered Investment in July 2024, Robinhood acquired Pluto Capital Inc. With the integration of Pluto's advanced capabilities, the company has revolutionized the investment experience for its users. Further, the impending buyout of Bitstamp (announced in June 2024), a globally recognized cryptocurrency exchange (featuring more than 85 tradable assets and popular in Europe and Asia), will significantly enhance the company's crypto these efforts reflect HOOD's ambition to become a full-spectrum financial services provider. HOOD Sales Estimates Image Source: Zacks Investment Research Interactive Brokers' technological superiority remains one of its strongest aspects. The company processes trades in stocks, futures, options and forex on more than 150 exchanges across several countries and technology usage has kept IBKR's compensation expense relative to net revenues (10.8% in the first quarter of 2025) below its industry peers. Further, the company has been emphasizing developing proprietary software to automate broker-dealer functions, leading to a steady rise in Brokers is expanding globally with a series of strategic moves. Earlier this month, it extended trading hours for Forecast Contracts to nearly 24 hours, after having launched them in Canada. In the U.K., it added mutual funds to its ISA offerings, enhancing tax-efficient investing. IBKR also introduced PEA accounts in France and expanded mobile trading via GlobalTrader. Other innovations include almost 24 hours of Overnight Trading on U.S. stocks and ETFs, crypto trading through Paxos with low fees and the launch of IBKR Desktop, a next-gen trading platform for Windows and Mac, underscoring its focus on advanced, global trading company's technological superiority, combined with easier regulations to improve product velocity, will support its net revenues through higher client acquisitions. Net revenues are also expected to strengthen further in the quarters ahead, given the solid Daily Average Revenue Trades (DARTs) numbers and robust trading backdrop driven by higher market participation. IBKR Sales Estimates Image Source: Zacks Investment Research The Zacks Consensus Estimate for HOOD's 2025 and 2026 earnings indicates an 11.9% and 19.4% rise for 2025 and 2026, respectively. Over the past month, earnings estimates for 2025 have remained unchanged, while for 2026, the same have been revised upward. Earnings Trend Image Source: Zacks Investment Research On the contrary, analysts are less optimistic about IBKR's prospects. The consensus mark for earnings suggests 0.4% and 7% growth for 2025 and 2026, respectively. Earnings estimates for both years have been revised lower over the past 30 days. Earnings Trend Image Source: Zacks Investment Research Hence, on earnings growth prospects, HOOD clearly has an edge over Interactive Brokers. Valuation-wise, HOOD is currently trading at the 12-month forward price-to-earnings (P/E) of 47.17X. The IBKR stock, on the other hand, is currently trading at the 12-month trailing P/TB of 28.86X. Further, both are trading at a premium to the industry average of 13.82X. P/E F12M Image Source: Zacks Investment Research While Robinhood commands a premium over Interactive Brokers, its valuation is justified, given its superior growth trajectory. Additionally, HOOD's return on equity (ROE) of 15.42% is way above IBKR's 4.97%. HOOD also outscores the industry ROE of 11.97%. This reflects Robinhood's efficient use of shareholder funds to generate profits. ROE Image Source: Zacks Investment Research HOOD has undergone a significant transformation since its IPO, evolving from a disruptive trading app into a comprehensive financial services platform. Through strategic acquisitions, it is aggressively expanding its product suite and global reach. It's also investing in advanced tools like Robinhood Cortex and Robinhood Strategies, targeting a broader investor base. These innovations, paired with a robust ROE and accelerating earnings and sales growth estimates through 2026, suggest strong long-term upside the other hand, Interactive Brokers remains a dominant, tech-driven brokerage favored by professional and institutional investors. Its global reach, low-cost model and powerful trading tools continue to support consistent revenue growth. However, while the company's innovation in areas like Forecast Contracts, GlobalTrader and IBKR Desktop is impressive, its earnings outlook is more muted, with only modest growth expected in the next two years. Combined with a lower ROE and downward revisions to earnings estimates, this suggests that while IBKR is a stable, well-run business, it may not match HOOD's upside potential in a growth-focused Robinhood appears to be the better long-term investment for solid returns. At present, Robinhood and Interactive Brokers carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
an hour ago
- Yahoo
Indian dealers offer steeper discounts as price rally dulls demand
By Rajendra Jadhav and Brijesh Patel (Reuters) - Gold discounts in India widened this week to their highest levels in more than a month, as a rally in domestic prices to near-record highs weighed on demand, while elevated rates also dampened buying across other major Asian hubs. Domestic gold prices were trading around 98,300 rupees per 10 grams on Friday, after rebounding from a low of 90,890 rupees last month and nearing the all-time high of 99,358 rupees. The spike in prices forced Indian dealers to offer discounts of up to $56 an ounce below official domestic prices, which include a 6% import duty and 3% sales tax, up from $31 last week. "Prices have gone up, and that's really hit demand. Hardly anyone was buying this week," said Harshad Ajmera of wholesaler JJ Gold House in Kolkata. Gold demand in India typically remains subdued during the monsoon season, which began earlier than usual this year. Jewellers are not making purchases because the lean demand season has started, and they don't want to build high-cost inventory, said a Mumbai-based bullion dealer with a private bank. Meanwhile, dealers in top gold consumer China charged premiums of $10-$14 an ounce over the global benchmark spot price. Last week, bullion changed hands at par to a $15 premium. "Elevated gold prices appear to have negatively impacted Chinese demand, judging by weaker trading volume," said Hugo Pascal, a precious metals trader at InProved. In Hong Kong, gold was sold at a premium of $0.30 to $1.30, while in Singapore gold traded between at-par prices and a $2.50 premium. "We've seen some of our clients coming to take profit and also on the wholesale side, we've seen some selling because prices are high," said Brian Lan, managing director at Singapore-based GoldSilver Central. In Japan, bullion traded anywhere between a discount of $0.5 and a $0.5 premium over spot prices.
