public offering
ROYAL BANK OF CANADA, $124.12, Toronto symbol RY, is still a buy.
In November 2022, the bank agreed to pay $13.5 billion in cash for the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC). To put that cost in context, Royal’s market cap (the total value of all outstanding shares) is $172.3 billion.
HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....
In November 2022, the bank agreed to pay $13.5 billion in cash for the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC). To put that cost in context, Royal’s market cap (the total value of all outstanding shares) is $172.3 billion.
HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....
ODDITY TECH LTD. $44 is a hold. Based in Israel, this company (Nasdaq symbol ODD; Consumer sector; Shares outstanding: 56.5 million; Market cap: $2.5 billion; No dividend paid; Takeover Target Rating: Lowest; www.oddity.com) makes cosmetics (under the IL Makiage brand) and skin and hair products (under the SpoiledChild brand)....
FAT BRANDS INC. $7.14 is a hold. The company (Nasdaq symbol FAT; Consumer sector; Shares outstanding: 16.7 million; Market cap: $119.2 million; Dividend yield: 8.3%; Takeover Target Rating: Medium; www.fatbrands.com) is a leading multi-brand restaurant franchising company....
CAVA GROUP INC., founded in 2010, operates 263 fast-casual restaurants in 22 states and Washington DC. It specializes in Greek and Mediterranean-style dishes.
Cava has completed an initial public offering (IPO) of 14.44 million common shares at $22 a share....
Auto parts maker Cummins recently carved out its filtration products business as a separate firm called Atmus. We expect the split will work out well for both firms. However, we prefer Cummins for your new buying right now, as its long-term plan is to hand out its remaining Atmus shares to its own shareholders.
CUMMINS INC....
A: Canadian Apartment Properties REIT, $48.67, symbol CAR.UN on Toronto (Units outstanding: 167.4 million; Market cap: $8.2 billion; www.capreit.ca) owns multi-unit residential properties, including apartments, townhomes and manufactured home communities (trailer parks)....
SYNEOS HEALTH INC., $41.62, symbol SYNH on Nasdaq, is a provider of outsourced clinical drug development and commercialization services to pharmaceutical companies. It has two operating segments: Clinical Solutions (75% of revenue) and Commercial Solutions (25%).
On May 10, 2023, Syneos announced that it had agreed to its acquisition by a consortium of investors for $43 a share....
On May 10, 2023, Syneos announced that it had agreed to its acquisition by a consortium of investors for $43 a share....
SOLARMAX TECHNOLOGY INC. sells and installs solar panels and battery-backup systems to residential and commercial customers in the U.S. It also operates solar power projects in China.
The company has filed paperwork with U.S. regulators for an initial public offering (IPO) of up to 8.625 million common shares at an expected price of $4.00 a share....
The company has filed paperwork with U.S. regulators for an initial public offering (IPO) of up to 8.625 million common shares at an expected price of $4.00 a share....
KIMBERLY CLARK CORP., $145.18, symbol KMB on New York, is a leading maker of personal-care and tissue products. Its brands include Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Neve, Plenitud, Viva and WypAll.
The consumer goods giant has been in business for 151 years and its wide range of family, baby, and feminine care brands are sold in over 175 countries....
The consumer goods giant has been in business for 151 years and its wide range of family, baby, and feminine care brands are sold in over 175 countries....
LITHIUM ROYALTY CORP. $16 is a hold. The company (Toronto symbol LIRC; Resources sector; 55.3 million; Market cap: $884.8 million; No dividend paid; Takeover Target Rating: Medium; www.lithiumroyaltycorp.com) receives royalties from 28 lithium properties—two of which are currently in operation, four are under construction and 22 are under development....