acquisition
MIDDLEBY CORP., $139.01, 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 equipment, including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment, primarily used in the residential market.
The company owns over 100 brands, including TurboChef, Follett, Star, Viking Range, AGA, and Armor Inox.
Founded in 1888 as a manufacturer of baking ovens, Middleby Marshall Oven Company was acquired in 1983 by TMC Industries Ltd., a publicly traded company that changed its name in 1985 to The Middleby Corporation.
In April 2021, Middleby announced a $4.3 billion takeover bid for Welbilt Inc....
The company owns over 100 brands, including TurboChef, Follett, Star, Viking Range, AGA, and Armor Inox.
Founded in 1888 as a manufacturer of baking ovens, Middleby Marshall Oven Company was acquired in 1983 by TMC Industries Ltd., a publicly traded company that changed its name in 1985 to The Middleby Corporation.
In April 2021, Middleby announced a $4.3 billion takeover bid for Welbilt Inc....
SHOPIFY INC., $61.99, remains a buy. The company (symbol SHOP on Toronto) offers merchants of all sizes Internet-based software to design, set up and manage e-commerce stores across multiple sales channels. It also handles digital payments and shipping.
The stock moved up this week after major U.S....
The stock moved up this week after major U.S....
GREAT-WEST LIFECO INC., $37.28, Toronto symbol GWO, remains a hold.
The company is Canada’s second-largest life insurer, after Manulife Financial. Power Corp. (Toronto symbol POW) owns 68.2% of the firm.
With the March 2023 payment, Great-West raised your quarterly dividend by 6.1%....
The company is Canada’s second-largest life insurer, after Manulife Financial. Power Corp. (Toronto symbol POW) owns 68.2% of the firm.
With the March 2023 payment, Great-West raised your quarterly dividend by 6.1%....
J.P. MORGAN CHASE & CO., $138.73, New York symbol JPM, remains a buy.
The stock lets investors tap the largest banking firm in the U.S., with total assets of $3.74 trillion as of March 31, 2023.
In response to rising interest rates and inflation, the bank set aside $2.28 billion to cover potential loan losses in the first quarter of 2023, up 55.5% from $1.46 billion a year earlier.
However, Morgan continues to benefit from higher interest rates, rising credit card use by consumers, and greater inflows to its wealth management operations....
The stock lets investors tap the largest banking firm in the U.S., with total assets of $3.74 trillion as of March 31, 2023.
In response to rising interest rates and inflation, the bank set aside $2.28 billion to cover potential loan losses in the first quarter of 2023, up 55.5% from $1.46 billion a year earlier.
However, Morgan continues to benefit from higher interest rates, rising credit card use by consumers, and greater inflows to its wealth management operations....
A: Pentair plc, $53.73, symbol PNR on New York (Shares outstanding: 164.5 million; Market cap: $8.7 billion; Manufacturing sector; TSINetwork Rating: Extra Risk; www.pentair.com), is a water-focused industrial manufacturing company with two reportable segments: Consumer Solutions, and Industrial & Flow Technologies.
These segments offer four main groups of products and services:
On April 30, 2018, Pentair completed the spinoff of its electrical unit, nVent Electric plc....
These segments offer four main groups of products and services:
- Pool and spa: Solutions to filter, clean and sanitize water, with remote-controlled automation equipment.
- Water quality: This unit offers water softeners, home filtration systems and UV disinfecting.
- Water supply and disposal: Products for residential customers include water supply pumps plus sewage and effluent pumps.
- Industrial applications: Solutions for a range of water management, treatment, supply and disposal needs across a wide array of industries such as brewery production, food and dairy, fire protection and industrial spraying.
On April 30, 2018, Pentair completed the spinoff of its electrical unit, nVent Electric plc....
A: Henry Schein Inc., $85.08, symbol HSIC on New York (Shares outstanding: 131.3 million; Market cap: $11.0 billion; www.henryschein.com), is the world’s largest provider of health-care products and services to doctors and dentists....
ATS CORP., $51.84, symbol ATS on Toronto, (formerly ATS Automation Tooling Systems)provides some of the world’s top manufacturers with factory automation solutions, including contract manufacturing. Founded in 1978, it has 50 manufacturing facilities and 75 offices in North America, Europe, and Asia.
On March 28, 2023, ATS announced that it would acquire Triad Unlimited LLC, a U.S.-based reliability engineering service provider for North American and European markets....
On March 28, 2023, ATS announced that it would acquire Triad Unlimited LLC, a U.S.-based reliability engineering service provider for North American and European markets....
FEDEX CORP., $232.10, New York symbol FDX, remains a buy for your long-term gains.
The company delivers packages in the U.S. and 220 other countries.
FedEx is now re-organizing its divisions as part of a larger plan to improve efficiency.
Under the plan, the FedEx Express (air freight), FedEx Ground, FedEx Services and other smaller operating companies will combine into a single division called Federal Express Corporation....
The company delivers packages in the U.S. and 220 other countries.
FedEx is now re-organizing its divisions as part of a larger plan to improve efficiency.
Under the plan, the FedEx Express (air freight), FedEx Ground, FedEx Services and other smaller operating companies will combine into a single division called Federal Express Corporation....
RESTAURANT BRANDS INTERNATIONAL INC., $66.01, is a buy. The stock (symbol QSR on New York) gives you exposure to the world’s third-largest fast-food operator. That’s after McDonald’s (No. 1) and Yum Brands (No. 2). The company has 30,722 outlets in over 100 countries: 19,789 Burger King, 5,600 Tim Hortons (coffee and donuts), 4,091 Popeyes Louisiana Kitchen (fried chicken) and 1,242 Firehouse Subs.
TH International Limited (“Tims China”) will now become the exclusive operator and developer of the world-famous Popeyes® brand in mainland China.
Tims China (symbol THCH on Nasdaq) owns the exclusive master franchise for Tim Hortons coffee shops in China, Hong Kong and Macau.
To gain the rights, Tims China acquired PLKC International Limited (“Popeyes China”), which holds the exclusive rights to develop and sub-franchise the Popeyes brand in mainland China and Macau....
TH International Limited (“Tims China”) will now become the exclusive operator and developer of the world-famous Popeyes® brand in mainland China.
Tims China (symbol THCH on Nasdaq) owns the exclusive master franchise for Tim Hortons coffee shops in China, Hong Kong and Macau.
To gain the rights, Tims China acquired PLKC International Limited (“Popeyes China”), which holds the exclusive rights to develop and sub-franchise the Popeyes brand in mainland China and Macau....
TECK RESOURCES LTD., $59.27, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.
The stock jumped over 20% this week after the company rejected an unsolicited takeover offer from Switzerland-based mining firm Glencore plc (Over-the-counter Pink Sheets symbol GLCNF).
Glencore proposed to buy Teck for about $23 billion U.S....
The stock jumped over 20% this week after the company rejected an unsolicited takeover offer from Switzerland-based mining firm Glencore plc (Over-the-counter Pink Sheets symbol GLCNF).
Glencore proposed to buy Teck for about $23 billion U.S....