Takeover bids are presented to companies who are attractive candidates for takeover, which primarily means the company is profitable. The chance of a takeover often adds to a stock’s appeal, although this appeal alone doesn’t provide reason enough to buy a stock on its own.
An example of a takeover bid: In April 2010, Alimentation Couche-Tard (symbol ATD.B on Toronto) launched a hostile, $2.0-billion takeover bid for Casey’s General Stores (symbol CASY on Nasdaq). However, competitor 7-Eleven outbid it.
Couche-Tard was more successful in two other bids: its $2.7-billion acquisition of Norway’s Statoil Fuel & Retail gas station chain in June 2012 and The Pantry, which Couche-Tard bought for $1.7 billion in March 2015. The Pantry operates more than 1,500 convenience stores in 13 southern U.S. states.
A hostile takeover bid targets shareholders in an attempt to replace the management of the target company, typically when the management doesn’t agree with the merger or acquisition.
The opposite of a hostile takeover is a friendly takeover, which is when the management of a company approves of a takeover or merger.
Learn how we spot takeover candidates by following TSI Network and using our three-part Successful Investor strategy:
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DEVON ENERGY CORP., $46.48, is a buy for aggressive investors. The company (symbol DVN on New York) is a leading producer of oil and natural gas from wells in Wyoming, Texas, Oklahoma and New Mexico.
Devon continues to use acquisitions to expand its operations in its… Read More
When it comes to dual-class shares, the voting shares have certain advantages over non-voting shares
Aside from specific investments (such as U.S. and Canadian stocks, income trusts or exchange-traded funds), our Inner Circle members ask us about a wide range of investments. For example, I’ve been… Read More
Investing in spinoffs can boost your long-term portfolio returns
When a spinoff begins trading, it stands to reason that investors might well put a low price on it. After all, the spinoff hits the market with a large number of neutral, if not reluctant, stockholders who… Read More
NORTH WEST COMPANY, $39.01, is a buy. The retailer (symbol NWC on Toronto) sells food, and everyday products and services through 227 stores. Those locations are mainly in northern communities across Canada and Alaska. Through your shares, you also tap the company’s operations in remote regions… Read More
Investing in current spinoffs provides you with a great investment opportunity as studies show that spinoffs typically outperform comparable firms for years
When current spinoffs first begin trading, it stands to reason that investors will put a low price on them. After all, the spinoffs hit… Read More
BUILDERS FIRSTSOURCE INC., $195.49, symbol BLDR on NYSE, is the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling.
The company makes products such as roof and floor trusses, wall panels,… Read More
We like Warner Music’s competitive prospects in its niche market—and a big French acquisition would just add to its attractive outlook.
WARNER MUSIC GROUP, $33.20, is a buy. The company (Nasdaq symbol WMG; TSINetwork Rating: Average) (www.wmg.com; Shares outstanding: 515.7 million; Market cap: $17.6 billion; Dividend yield: 2.1%) recently… Read More
ENERPLUS CORP. $24 is a hold. The company (Toronto symbol ERF; Resources sector; Shares outstanding: 203.3 million; Market cap: $4.9 billion; Dividend yield: 1.4%; Takeover Target Rating: Highest; www.enerplus.com) produces oil and gas mostly from properties in the Bakken area of North Dakota, the DJ Basin in Colorado, and… Read More
WAJAX CORP., $32.07, is a buy. Through their shares, investors benefit from the company’s (symbol WJX on Toronto) sales and servicing of cranes, forklifts and other heavy equipment. Wajax also provides related parts and systems such as ball bearings, hoses, diesel engines and transmissions.
The company’s… Read More
ENERPLUS CORP., $23.98, (Toronto symbol ERF; Shares outstanding: 203.3 million; Market cap: $4.9 billion; TSINetwork Rating: Extra Risk; Dividend yield: 1.4%) produces oil and gas mostly from properties in the Bakken area of North Dakota, the DJ Basin in Colorado, and the Marcellus Shale in Pennsylvania.
The company’s shares… Read More
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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