Latest news with #mergersandacquisitions
Yahoo
2 days ago
- Business
- Yahoo
Truist Maintains $220 PT on Waste Connections (WCN)
Waste Connections, Inc. (NYSE:WCN) is one of the best high growth stocks. On June 20, Truist reaffirmed a Buy rating on WCN with a price target of $220. Truist conveyed confidence in Waste Connections, Inc. (NYSE:WCN)'s ability to uphold premium pricing, attributing this to its focus on service excellence, vertical integration, and workforce stability. The research firm specifically highlighted the often overlooked value of low employee turnover, noting its role in driving a significant 10.75% revenue growth over the past twelve months. A biohazard waste disposal team safely transferring contaminated water for treatment. Waste Connections also continues to exhibit impressive merger and acquisition activity. The firm noted that, relative to its industry peers, WCN is particularly well-positioned to capitalize on future solid waste acquisition opportunities. Waste Connections' solid balance sheet and consistent free cash flow generation have been identified as critical drivers of its acquisition strategy. These financial strengths afford the company strategic flexibility to capitalize on further growth opportunities within the solid waste sector. Waste Connections, Inc. (NYSE:WCN) provides comprehensive non-hazardous waste management services across the United States and Canada. While we acknowledge the potential of WCN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. 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
2 days ago
- Business
- Yahoo
3 Attractive Singapore Stocks Unlocking Value for Their Shareholders
Companies may periodically undertake corporate actions that help to enhance value for their shareholders. These actions may include mergers and acquisitions, divestments, or initiatives that help to unlock value and grow the business further. Investors need to assess if these actions will result in a sustained improvement in the company's fundamentals. We would like to bring to your attention three companies that have recently undertaken corporate actions to unlock value for their shareholders. Frasers Logistics & Commercial Trust (SGX: BUOU) Frasers Logistics & Commercial Trust, or FLCT, is an industrial and commercial REIT with a portfolio of 114 properties worth around S$6.8 billion. These properties are diversified across Singapore, Australia, the UK, Germany, and the Netherlands. Earlier this month, FLCT announced the divestment of 357 Collins Street in Australia for A$195.3 million. The consideration payable by the buyer after netting off fees and liabilities is around A$192.1 million, just a tad higher than the property's independent valuation of A$191 million. The rationale for this disposal is for the REIT to enhance its portfolio focus on logistics and industrial properties by making a strategic exit from the Melbourne CBD office market. 357 Collins Street saw its valuation remain at $191 million over the past year, reflecting challenging conditions in the Melbourne market. Melbourne's CBD office market is reeling from the impact of remote work, with an elevated occupancy level of 18% in the city. Post-divestment, FLCT's logistics & industrial weight will increase from the current 72.4% to 74.2%. Portfolio occupancy will also rise from 93.9% to 95.2%, and the REIT's weighted average lease expiry (WALE) will inch up from 4.6 years to 4.8 years. Assuming the proceeds are used to reduce debt, FLCT's gearing level will decline from 36.1% as of 31 March 2025 to 34.6%. The divestment proceeds will enhance the REIT's flexibility to pursue opportunities in the logistics and industrial space. Completion is expected to take place by 30 September 2025. Centurion Corporation (SGX: OU8) Centurion is a provider of purpose-built worker accommodation (PBWA) assets in Singapore, Malaysia, and China, and also purpose-built student accommodation (PBSA) assets in the UK, Australia, the US, and China. The group owns and manages a portfolio of 37 operational assets totalling 69,929 beds as of 31 March 2025. The dormitory operator recently announced its intention to list a REIT named Centurion Accommodation REIT on the mainboard of Singapore Exchange. This REIT will have an initial portfolio of 15 assets totalling 27,602 beds with an agreed property value of around S$2.1 billion. By undertaking this value-unlocking exercise, management anticipates a considerable decline in its net leverage ratio. With debt set to decrease, Centurion will have additional debt headroom for further growth. Meanwhile, the group also unveiled a new premium student housing brand called EPIISOD. The first EPIISOD property is under development in Macquarie Park in Australia with a capacity of more than 700 beds. This property will be ready by February 2026 and will set a new standard for student living for both domestic and international students. City Developments Limited (SGX: C09) City Developments Limited, or CDL, is a global real estate company with a network spanning 168 locations in 29 countries and regions. The group has developed over 53,000 homes and owns around 23 million square feet of gross floor area in residential, commercial, and hospitality properties. Last month, CDL and IOI Properties Group Berhad (KLSE: 5249) entered into a share sale agreement whereby CDL will divest its 50.1% stake in South Beach Development to IOI. South Beach is valued at S$2.75 billion, which represents a 3% premium over its latest valuation of S$2.67 billion as of 31 December 2024. Based on CDL's 50.1% proportionate stake, the estimated sale consideration is S$834.2 million. Both CDL and IOI were long-term joint venture partners in the South Beach project since 2011. This transaction should be completed by the third quarter of 2025, and IOI will gain full ownership of South Beach's commercial components. CDL's move will help it to realise value from this property and is part of the blue-chip group's efforts to accelerate capital recycling, reduce gearing, and redeploy capital. Management is looking to unlock value across its diversified portfolio to pursue more growth opportunities. As the STI hits record highs, long-term investors are asking: can dividends keep up? In this special National Day webinar, we dive into the earnings outlook for Singapore's top dividend stocks and what to expect in the months ahead. Secure your free seat here and stay ahead of the curve. This new 10-minute read could change how you invest this year. Inside: 5 SG dividend-paying blue chips that have quietly powered through past downturns, and could reward you handsomely in the next. Grab the free report now. It might be the most profitable thing you read today. Disclosure: Royston Yang owns shares of Frasers Logistics & Commercial Trust. The post 3 Attractive Singapore Stocks Unlocking Value for Their Shareholders appeared first on The Smart Investor. 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
5 days ago
- Business
- Yahoo
Citigroup's head of energy transition decamps for Moelis role, sources say
By Isla Binnie and Svea Herbst-Bayliss NEW YORK (Reuters) -Citigroup's global head of clean energy transition investment banking is leaving the U.S. lender for a role advising on mergers and acquisitions at boutique bank Moelis, people familiar with the matter said on Friday. Serge Tismen is expected to formally join Moelis in September, following a period known as gardening leave. He will advise the bank's clients on dealmaking broadly and will report to Anton Sahazizian, Moelis' head of mergers and acquisitions, one of the sources added. Reuters was unable to contact Tismen for comment. Spokespeople for Citi and Moelis declined to comment. Tismen has worked within Citi's investment bank for more than two decades, according to his LinkedIn account. In 2021, he stepped in to lead a new unit to capture more business from companies working on reducing carbon emissions through developing hydrogen fuel, vehicle charging infrastructure, carbon capture and sequestration and biofuels. Clean energy has recently come under pressure from U.S. President Donald Trump. His administration has sought to roll back environmental regulations and measures put in place by former President Joe Biden, to encourage renewable energy. Trump has moved to cancel tax credits supporting renewable power generation, and ordered the Department of the Interior to review whether any regulations favor wind and solar over other energy sources. While broader dealmaking was also subdued in the first half of 2025, as companies and financial markets navigated volatility triggered by Trump's trade war, sentiment is buoyant for the rest of the year, with forecasts for significant deal flow and a host of mega-mergers. 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
National Post
5 days ago
- Business
- National Post
Generational Group Advises Bingo Pro, Inc. & Berri Books, Inc. in its Sale to Nakani Capital Partners
Article content DALLAS — Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Bingo Pro, Inc. & Berri Books, Inc. to Nakani Capital Partners. The acquisition closed June 13, 2025. Article content Based in Sudbury, Ontario, Canada, Bingo Pro, Inc. & Berri Books, Inc. is a leading Canadian distributor of professional bingo equipment. Specializing in high-quality, portable bingo blowers, flashboards, and control systems, the company serves a diverse clientele including charity fundraisers, seniors' residences, and commercial bingo halls across the USA and Canada. Known for its focus on innovation, Bingo Pro has developed portable bingo blowers with significantly reduced noise levels for a better playing experience. With a global supply chain and a comprehensive online store, Bingo Pro combines personalized service with a deep understanding of the gaming community's needs, making it a trusted partner in the bingo industry. For over 25 years Berri Books has supplied bestselling novels and other books at deep discounts. Berri Books is the Canadian wholesaler of discounted paperbacks in both the Mass Market (pocketbook) and larger Trade Paperback formats, as well as better quality Children's books. The company serves both large chain store accounts and independent retailers from the Atlantic to the Pacific. Article content Article content Headquartered in Toronto, Ontario, Canada, Nakani Capital Partners is focused on acquiring and growing established niche businesses across the country. With a long-term, partnership-driven approach, the firm works closely with retiring entrepreneurs to ensure a smooth succession while preserving the company's legacy. Backed by a team with deep experience in operations, consulting, and acquisitions, Nakani Capital Partners targets businesses in the manufacturing, distribution, and service sectors, bringing hands-on support to help them thrive for generations to come. Article content Generational Group Executive Managing Director, M&A, Eastern Region – David Fergusson, and his team led by Senior Managing Director, M&A, Mike Hammer with the support of Managing Director, M&A, Corey Painter successfully closed the deal. Senior Managing Director, Joe Van Voorhis and Senior M&A Advisor, Michael Querard, established the initial relationship with Bingo Pro, Inc. & Berri Books, Inc. Article content Ryan Binkley Article content , CEO of Generational Group, stated, 'We are dedicated to driving results that create lasting value for everyone involved. This achievement demonstrates the strength of our approach and the continued confidence our clients have in us.' Article content About Generational Group Article content Generational Group Article content , headquartered in Dallas, TX, is a leading, Article content award winning Article content full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management. Article content Celebrating its 20 th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $1 billion in 2022, 2023, and 2024. Article content The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022. Article content Article content Article content Article content Contacts
Reuters
5 days ago
- Business
- Reuters
Citigroup's head of energy transition decamps for Moelis role, sources say
NEW YORK, July 25 (Reuters) - Citigroup's (C.N), opens new tab global head of clean energy transition investment banking is leaving the U.S. lender for a role advising on mergers and acquisitions at boutique bank Moelis (MC.N), opens new tab, people familiar with the matter said on Friday. Serge Tismen is expected to formally join Moelis in September, following a period known as gardening leave. He will advise the bank's clients on dealmaking broadly and will report to Anton Sahazizian, Moelis' head of mergers and acquisitions, one of the sources added. Reuters was unable to contact Tismen for comment. Spokespeople for Citi and Moelis declined to comment. Tismen has worked within Citi's investment bank for more than two decades, according to his LinkedIn account. In 2021, he stepped in to lead a new unit to capture more business from companies working on reducing carbon emissions through developing hydrogen fuel, vehicle charging infrastructure, carbon capture and sequestration and biofuels. Clean energy has recently come under pressure from U.S. President Donald Trump. His administration has sought to roll back environmental regulations and measures put in place by former President Joe Biden, to encourage renewable energy. Trump has moved to cancel tax credits supporting renewable power generation, and ordered the Department of the Interior to review whether any regulations favor wind and solar over other energy sources. While broader dealmaking was also subdued in the first half of 2025, as companies and financial markets navigated volatility triggered by Trump's trade war, sentiment is buoyant for the rest of the year, with forecasts for significant deal flow and a host of mega-mergers.
