Spinoffs & Takeovers Hotline – Friday, October 28, 2022

CUMMINS INC., $244.78, symbol CMI on New York, designs, manufactures, distributes and services diesel, natural gas, electric, hybrid powertrains, and powertrain-related components, including control & fuel systems, automated transmissions, batteries, electrified power systems, hydrogen production, and fuel cell systems.

Cummins serves customers in 190 countries through… Read More

Spinoffs & Takeovers Hotline – Friday, June 10, 2022

JAMIESON WELLNESS INC., $36.12, symbol JWEL on Toronto, produces health and wellness products under several brands including Jamieson Vitamins, Iron Vegan, Progressive, Precision, and Smart Solutions. Established in 1922, the company’s products are distributed to over 10,000 retail locations across Canada. They’re also sold online… Read More

Bombardier’s turnaround could stall

Bombardier has now completed the sale of its money-losing commercial aircraft and railcar businesses to focus on its business jet operations. The outlook for that business continues to improve as countries ease their pandemic travel restrictions. However, rising costs for raw materials and labour could… Read More

Spinoff spotlight: Brookfield Asset Management

BROOKFIELD ASSET MANAGEMENT INC. $59 is a hold. The company (Toronto symbol BAM.A; Finance sector; Shares outstanding: 1.6 billion; Market cap: $94.4 billion; Dividend yield: 1.2%; Takeover Target Rating: Lowest; www.brookfield.com) is an asset manager that controls firms in the real estate, renewable power, infrastructure and private equity industries.
The… Read More