Spinoffs & Takeovers Hotline – Friday, March 1, 2024

MIDDLEBY CORP., $154.15, symbol MIDD on Nasdaq, designs, manufactures, markets, distributes and services a broad line of (i) foodservice equipment for all types of commercial restaurants and institutional kitchens, (ii) food preparation, cooking, baking, chilling and packaging equipment for food-processing operations, and (iii) premium kitchen… Read More

Pfizer ready for post-COVID sales

Pfizer recently cut its outlook for 2023 due to declining demand for its COVID-19 vaccines and treatments. However, the company is using the huge profits it earned on those products to buy other drugmakers with promising products.
We feel these moves, as well as Pfizer’s own… Read More

These retailers face tough competition

BMTC GROUP $13.82 (Toronto symbol GBT; TSINetwork Rating: Extra Risk) (514-648-5757; No website; Shares outstanding: 34.7 million; Market cap: $477.9 million; Dividend yield: 2.0%) has 36 outlets and is one of Quebec’s biggest retailers of furniture, electronics and appliances. The company mainly sells these items through two chains:… Read More