Joules appoints KPMG to help boost profitability

Accountancy Today

According to reports from The Sunday Times , Joules has called in advisors from KPMG’s debt advisory practice to explore options to shore up its cash position, with raising fresh capital said to be among one of the options available. .

CTS Completes Ferroperm Piezoceramics Acquisition

Benzinga

June 30, 2022 (GLOBE NEWSWIRE) -- Today CTS Corporation (NYSE: CTS ) completed the previously announced acquisition of Ferroperm Piezoceramics from Meggitt PLC (LSE: MGGT) for 525 million Danish Krone in cash, subject to usual net debt and working capital adjustments and other terms and conditions of the Definitive Share Purchase Agreement. . LISLE, Ill.,

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Amazon Is Buying iRobot. How Does It Rank Against The E-commerce Giant's Other Big Acquisitions?

Benzinga

Amazon announced that it will pay iRobot stockholders $61 per share in an all-cash transaction that includes iRobot's net debt, representing a 22% premium over the company's Thursday closing price.

MTY Food Group Inc. to Acquire Bbq Holdings, Inc. for $17.25 Per Share

Benzinga

per BBQ Holdings share representing total transaction value of approximately US$200 million (C$257 million) (the "Transaction"), including BBQ Holdings' net debt. MTY will use its cash on hand and its existing credit facility to fund the cash consideration and to repay BBQ Holding's net debt outstanding as of the close of the Transaction. MTY's pro forma Net Debt / EBITDA (excluding leases) expected to stand at approximately 2.4x

Centennial Resource Development and Colgate Energy to Combine, Creating $7.0 Billion Permian Basin Pure-Play

Benzinga

The combined company will be the largest pure-play E&P company in the Delaware Basin with approximately 180,000 net leasehold acres, 40,000 net royalty acres and total current production of approximately 135,000 Boe/d. Highly accretive to key financial metrics, including cash flow, free cash flow and net asset value per share. billion of Colgate's outstanding net debt.

Is Radiant Opto-Electronics an Undervalued Dividend Play?

Andrew Stolz

The company has almost no long-term debt, thought is does have short term debt, leading to a negative net debt-to-equity ratio of 0.7x. Highlights: End markets mature, no opportunities to grow. Lack of investments translate into zero revenue growth.

Is Terex the Right Industrial Sector Stock to Own to Ride the Economic Recovery?

Andrew Stolz

The company started to reduce its long-term debt. In 3Q21, its net debt-to-equity ratio stood at 0.3x, compared to 0.6x Highlights: Heavy gov’t spending on infrastructure drives top-line growth. Costs cuts to drive sustainably higher margins.

Beta 52

How Much Can Gazprom Prosper From Europe’s Energy Crisis?

Andrew Stolz

Gazprom is a capital-intensive business, with more than 70% of total assets being net fixed assets. Its net-debt to equity ratio stood at 0.3 Highlights: Bright future of natural gas as a transition fuel. If Europe holds back Gazprom expansion, pivot to Asia.

Can Idemitsu Kosan Generate Enough Cash From Oil to Fund Transition?

Andrew Stolz

Its net-debt to equity ratio stood at 0.9x Highlights: Slowing oil consumption could result in declining revenue. Ramp-up of CAPEX necessary to ensure longevity. Attractive dividend yield could rise to 2x Japanese average. Download the full report as a PDF.

Does SKF’s High Value Creation Deserve a Re-Rating?

Andrew Stolz

The company did not significantly increase its LT-debt during the pandemic. Net debt-to-equity is likely to stay around 0.2x Highlights: Consolidation of manufacturing sites drives margin expansion. High single-digit industry growth mainly driven by Asia.

Has Volvo’s Strong Value Creation Been Overlooked by the Market?

Andrew Stolz

Net profit sees a strong rebound in 21E and could exceed its pre-pandemic level in 22E. Net assets have fallen in 2020 after selling UD truck segment to Isuzu Motors. However, increased CAPEX for capacity expansion and battery development lead to increase in net fixed assets again.

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Intertape Polymer Group Inc. Shareholders Vote FOR the Plan of Arrangement to be Acquired by an Affiliate of Clearlake Capital Group, L.P.

Benzinga

billion, including net debt. ISS and Glass Lewis recommend shareholders of Intertape Polymer Group Inc. vote in favour of the resolution approving a plan of arrangement to be acquired by an affiliate of Clearlake Capital Group, L.P. at the upcoming May 11, 2022 shareholder meeting.

TELUS announces agreement to acquire LifeWorks, strengthening TELUS Health's position as a leading global digital health and wellness provider

Benzinga

billion, and the assumption of net debt of approximately $600 million, subject to required court, LifeWorks shareholder, stock exchange and regulatory approvals (the " Transaction "). Acquisition s ignifica ntly accelerates TELUS Health's vision of employer-based healthcare, increasing access to high quality, proactive healthcare and mental wellness for employees by unifying digital-first solutions across the care continuum.

Business Combination of VAALCO and TransGlobe

Benzinga

Combined proved plus probable (2P) reserves on an NRI basis of 51 MMboe (90 percent oil) and 66 MMboe (91 percent oil) on a WI basis (as at January 1, 2022 in the case of VAALCO and as at December 31, 2021 in the case of TransGlobe) ( 2 ) ; The Combined Company will be in a net cash (3 ) position, with US$53 million in combined net cash as of March 31, 2022 (prior to the receipt of US$44.6 HOUSTON and CALGARY, Alberta, July 14, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc.

Material Adverse Effect Clauses

Erik A. Lopez

In particular, IBP’s past performance revealed strong swings in annual EBIT and net earnings. In addition, the increase in net debt had been small (5%), and the Huntsman business units affected by the downturn contributed only 25% of overall EBITDA.