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Paramount Reaffirms $30 A Share Cash Offer For Warner Bros. Discovery
Deadline· 2026-01-08 14:21
Core Viewpoint - Paramount Skydance has reaffirmed its all-cash offer of $30 per share for Warner Bros. Discovery (WBD), asserting that this offer is superior to WBD's current agreement with Netflix [1][3]. Group 1: Offer Details - Paramount's offer is fully financed and includes a personal guarantee from Larry Ellison for the equity portion, addressing concerns raised by WBD [2]. - The offer of $30 per share is straightforward to value, contrasting with the uncertain components of the Netflix deal, which has decreased in total value since its announcement [3]. Group 2: Comparison with Netflix Deal - The Netflix transaction initially offered WBD shareholders $23.25 in cash, $4.50 in Netflix stock, and a share in the pending spin-off of Discovery Global, but the current value is estimated at $27.42, which is lower than Paramount's offer [3][4]. - Paramount emphasizes that its offer provides greater value and a more certain path to completion for WBD shareholders compared to the Netflix deal [5]. Group 3: Engagement with WBD - Paramount has expressed its commitment to engaging with WBD shareholders regarding the merits of its offer and advancing the regulatory review process [5].
Veeco Instruments Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Veeco Instruments Inc. - VECO
Prnewswire· 2026-01-07 22:14
Group 1 - The proposed sale of Veeco Instruments Inc. to Axcelis Technologies, Inc. involves shareholders of Veeco receiving 0.3575 shares of Axcelis for each share of Veeco they own [1] - Kahn Swick & Foti, LLC is investigating whether the proposed transaction adequately values Veeco and the process leading to this valuation [1] - The law firm is seeking input from shareholders who believe the transaction undervalues the company [2]
Forge Global Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forge Global Holdings, Inc. - FRGE
Prnewswire· 2026-01-07 22:08
Core Viewpoint - The proposed sale of Forge Global Holdings, Inc. to The Charles Schwab Corporation is under investigation to assess whether the offered price of $45.00 per share adequately reflects the company's value [1]. Group 1: Proposed Transaction - Shareholders of Forge Global Holdings, Inc. will receive $45.00 in cash for each share they own as part of the proposed sale to The Charles Schwab Corporation [1]. - Kahn Swick & Foti, LLC is investigating the adequacy of the consideration and the process leading to the proposed transaction [1]. Group 2: Legal Rights and Contact Information - Individuals who believe the transaction undervalues the company can contact Kahn Swick & Foti, LLC to discuss their legal rights without any obligation or cost [2]. - Contact details for Kahn Swick & Foti, LLC include a toll-free number and an email address for inquiries regarding the proposed sale [2].
Qorvo Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Qorvo, Inc. - QRVO
Prnewswire· 2026-01-07 22:05
Group 1 - The proposed sale of Qorvo, Inc. to Skyworks Solutions, Inc. involves shareholders receiving $32.50 in cash and 0.960 of a Skyworks common share for each share of Qorvo owned [1] - Kahn Swick & Foti, LLC is investigating whether the proposed transaction adequately values Qorvo and the process leading to this valuation [1] - The investigation is led by former Louisiana Attorney General Charles C. Foti, Jr. and aims to assess the fairness of the transaction for Qorvo shareholders [1][2] Group 2 - Kahn Swick & Foti, LLC is open to discussions regarding legal rights related to the proposed sale, providing contact information for inquiries [2] - The law firm emphasizes that there is no obligation or cost for shareholders to reach out regarding their concerns about the transaction [2]
TreeHouse Foods Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of TreeHouse Foods, Inc. - THS
Prnewswire· 2026-01-07 19:50
Core Viewpoint - The proposed sale of TreeHouse Foods, Inc. to Industrial F&B Investments III Inc. is under investigation to assess whether the offered consideration of $22.50 in cash and a non-transferable Contingent Value Right (CVR) adequately values the company [1]. Group 1 - TreeHouse Foods shareholders will receive $22.50 in cash and one non-transferable CVR for each share owned [1]. - Kahn Swick & Foti, LLC is investigating the adequacy of the proposed transaction and the process leading to it [1]. - The investigation aims to determine if the consideration undervalues TreeHouse Foods [1].
CSG Systems Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CSG Systems International, Inc. - CSGS
Prnewswire· 2026-01-07 19:50
Core Viewpoint - The proposed sale of CSG Systems International, Inc. to NEC Corporation is under investigation to assess whether the offered price of $80.70 per share adequately reflects the company's value [1]. Group 1 - CSG Systems International, Inc. shareholders are set to receive $80.70 in cash for each share they own as part of the proposed transaction [1]. - The law firm Kahn Swick & Foti, LLC is investigating the adequacy of the sale price and the process leading to this valuation [1]. - The investigation aims to determine if the proposed consideration undervalues CSG Systems International, Inc. [1].
Semrush Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Semrush Holdings, Inc. - SEMR
Prnewswire· 2026-01-07 19:49
Core Viewpoint - The proposed sale of Semrush Holdings, Inc. to Adobe Inc. is under investigation to assess whether the offered price of $12.00 per share adequately reflects the company's value [1]. Group 1: Proposed Transaction Details - Semrush shareholders are set to receive $12.00 in cash for each share they own as part of the proposed sale to Adobe [1]. - The law firm Kahn Swick & Foti, LLC is investigating the adequacy of this consideration and the process leading to the transaction [1]. Group 2: Legal Rights and Contact Information - Shareholders who believe the transaction undervalues Semrush or wish to discuss their legal rights can contact KSF Managing Partner Lewis S. Kahn [2]. - KSF offers a no-obligation consultation for shareholders regarding the proposed sale [2].
Synchronoss Technologies Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Synchronoss Technologies, Inc. - SNCR
Prnewswire· 2026-01-07 19:47
Core Viewpoint - The proposed sale of Synchronoss Technologies, Inc. to Lumine Group Inc. is under investigation to assess whether the offered price of $9.00 per share adequately reflects the company's value and the process leading to this valuation [1]. Group 1 - Synchronoss Technologies shareholders will receive $9.00 in cash for each share they own, subject to adjustments for transaction expenses [1]. - Kahn Swick & Foti, LLC is investigating the adequacy of the proposed transaction and whether it undervalues Synchronoss Technologies [1]. - The investigation is led by former Louisiana Attorney General Charles C. Foti, Jr. and aims to determine the fairness of the sale process [1].
David Ellison got some good news this week, despite Warner Bros. Discovery rejecting his latest bid
Business Insider· 2026-01-07 19:41
Core Viewpoint - Paramount's attempt to acquire Warner Bros. Discovery (WBD) has been rejected, with WBD favoring Netflix's offer over Paramount's all-cash bid, highlighting the ongoing competition for WBD's assets and the valuation of its cable networks [2][6]. Group 1: Acquisition Attempts - David Ellison's Paramount Skydance CEO made an eighth bid for WBD, which was rejected, as WBD stated that Netflix's offer of $27.75 per share is superior to Paramount's $30 per share all-cash offer [1][2]. - WBD's rejection letter outlined additional costs associated with Paramount's bid, totaling approximately $4.7 billion, which would effectively reduce the value of Paramount's offer to about $28.21 per share [6]. Group 2: Valuation of Cable Networks - The valuation of WBD's cable networks is a critical factor in comparing the bids from Netflix and Paramount, with a $2.25 per share difference noted between the two offers [4]. - If WBD's cable networks are valued at $2.25 per share or more, Netflix's proposal becomes more attractive; conversely, if valued less, Paramount's offer may seem more appealing [5]. - Analysts have pointed to the recent performance of Versant, a spinoff of Comcast's cable assets, which has seen a significant decline in value, indicating a lack of market appetite for cable TV assets [7][9]. Group 3: Market Comparisons - Versant's current market value is under $5 billion, with an enterprise value of approximately $7.25 billion, and it is expected to generate $1.85 billion to $2 billion in EBITDA by 2026 [8]. - The EV/EBITDA ratio for Versant is about 3.8x, which is considerably lower than the multiples for many S&P 500 companies, suggesting a bearish outlook for cable TV assets [9]. - If WBD's Global Networks were to trade at the same EV/EBITDA ratio as Versant, it would be valued at only about $1.20 per share, which could strengthen Paramount's case to shareholders [10]. Group 4: Future Outlook - Analysts believe that WBD's cable assets, including CNN and major sports rights, are more valuable than Versant's, despite WBD carrying more debt [12][13]. - There is speculation that WBD's Global Networks may be sold or broken up after a spinout, potentially unlocking significant value [14]. - For Paramount to successfully outbid Netflix, a substantial increase in their bid and cash investment would be necessary [15].
Civinity has completed the acquisition of the construction workforce platform Valandinis
Globenewswire· 2026-01-05 07:06
Group 1 - Civinity, AB has completed the acquisition of the remaining 49% stake in Valandinis, UAB, becoming its sole shareholder, with a total buyout consideration of approximately EUR 1.26 million [1] - Civinity initially acquired a controlling stake in Valandinis in January 2023 for about EUR 0.54 million and subsequently acquired the remaining shares for EUR 0.72 million [1] - Valandinis, UAB generated revenue of EUR 3.69 million and a net profit of EUR 0.10 million in 2024 [2] Group 2 - The Civinity Group consists of the Company and nearly 40 subsidiaries operating in Lithuania, Latvia, and the United Kingdom, providing various building maintenance and engineering services [3] - In 2024, Civinity Group reported revenue of EUR 88.5 million and an adjusted EBITDA of EUR 7.4 million [3]