Spinoffs & Takeovers Hotline – Friday, August 16, 2024

ITT INC., $135.04, symbol ITT on New York, manufactures highly engineered critical components and customized technology solutions primarily for the transportation, industrial and energy markets. It operates in three primary segments: Motion Technologies (44% of revenue), Industrial Process (34%), and Connect & Control Technologies (22%).

Geographically,… Read More

Spinoffs & Takeovers Hotline – Friday, July 5, 2024

RXO INC., $26.77, symbol RXO on New York, is a provider of brokered transportation services in Canada and the U.S. The company offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight
forwarding and last mile delivery.

RXO operates an “asset light” business model… Read More

May I have your comments on MasTec (NYSE: MTZ)? Thank you.

A: MasTec Inc., $109.64, symbol MTZ on New York (Shares outstanding: 79.5 million; Market cap: $8.6 billion; Manufacturing & Industry sector; TSINetwork Rating: Average; www.mastec.comwww.mastec.com), is a leading infrastructure construction company operating mainly throughout North America and across a range of industries.

The company operates through… Read More

Spinoffs & Takeovers Hotline – Friday, June 21, 2024

BIRD CONSTRUCTION INC., $24.97, symbol BDT on Toronto, is a Toronto-based construction company that provides contracting services to various commercial, institutional, retail, residential, water, energy, and civil sectors. It operates in all Canadian provinces.

Bird announced on June 10, 2024, that it’s acquiring Jacob Bros Construction… Read More