May 23, 2019 07:43 PM RSS

Deal Flow Off The Charts

  • Wall Street Rebel | Geoff Garbacz
  • 04/02/2019 10:20 AM
Deal Flow Off The Charts
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:

Tuesday

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.

Monday

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:  

STAG EVOP TCDA OCUL PANW SMHI ZEAL common stock offering. 

DTE FIXX IPG BTAI files mixed shelf offering

BILI files convertibles offering. 

PBA files for medium term notes.

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