A couple trends are very obvious that could help drive stocks higher. Deal flow is extremely active. Second, there is a great deal of secondary activity. Companies are raising lots of capital via secondaries, mixed shelf offering and note/bond activity.
To demonstrate this activity let's look at this week's action. In the past two days here is the deal flow:
UGI to buy AmeriGas Partners (APU) for $35.33 in cash and stock. Lincoln Electric (LECO) buys Baker Industries, no terms. White Mountain NSM Insurance Group (WTM) acquires Embrace Pet Insurance, no terms. Carlisle (CSL) to buy MicroConnex no terms disclosed. Lear (LEA) to buy Xevo for $320 million. Middleby (MIDD) buy Powerhouse Dynamics, no terms disclosed. Rapid7 (RPD) buys NetFort, no terms.
Novartis (NVS) to buy IFM Tre for $310 million. Willis Towers Watson (WTW) to buy TRANZACT for $1.2 billion. Owens Illinois (OI) to buy Nueva Fabrica Nacional de Vidrio from Grupo Modelo (BUD) for $188 million. Cable One (CABO) to buy Fidelity Communications for $529.9 million in cash.
In terms of capital raises, here was today's action. Monday typically does not see deal flow.
Announcements For Secondary Filings & Financings:
common stock offering.
files mixed shelf offering
files convertibles offering.
files for medium term notes.