MIK News and Press, The Michaels Companies Inc. From 03/04/21

The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the fourth quarter and full year fiscal 2020 ended January 30, 2021. Key Financial Results: 1 See additional information in this release for a reconciliation of non-GAAP financial measures t...

Gainers: Super League Gaming (SLGG) +32%. The Michaels Companies (MIK) +23%. Allied Esports Entertainment (AESE) +20%. The9 (NCTY) +16%. Fluent (FLNT) +15%.Losers: fuboTV (FUBO) -13%. GSX Techedu (GSX) -13%. Etsy (ETSY) -10%. Chegg (CHGG) -9%. Chico's FAS (CHS) -8%. For further de...

Arts and crafts retailer The Michaels Companies (NASDAQ: MIK) is going private again. This time it's being acquired by Apollo Global Management (NYSE: APO) for $22 per share, or $5 billion. That's $1 billion less than the last time it was taken private, in 2006 by Bain C...

Shares of arts and crafts retailer The Michaels Companies (NASDAQ: MIK) jumped Wednesday after it announced a deal to be acquired by private equity fund manager Apollo Global Management (NYSE: APO) . Shares were up 23% as of 10:30 a.m. EST, trading slightly above the tra...

Michaels Companies (NASDAQ:MIK) is scheduled to announce Q4 earnings results on Thursday, March 4th, before market open.The consensus EPS Estimate is $1.46 (+15.9% Y/Y) and the consensus Revenue Estimate is $1.83B (+6.4% Y/Y).Over the last 2 years, MIK has beaten EPS estimates 63% of the time...

The Michaels Companies ([[MIK]]) confirms that it will take a buyout from Apollo Global Management (APO) at $22 per share in a transaction valued at $5.0B. The purchase price represents a 47% premium to the closing stock price on February 26, which was the last trading day prior to press spec...

Purchase Price of $22.00 per Share in Cash Transaction Valued at $5.0 billion The Michaels Companies (NASDAQ: MIK) (“Michaels” or “the Company”) and funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) (together with it...

Michaels Cos. (MIK) gained 1.3% in premarket trading after the NYT reported that the craft supply chains talks to sell itself to Apollo (APO) are "progressing" and a deal could be announced as soon as this week.Recall, March 1, Michaels Cos. gains on NYT report of takeout interest. For...

Michaels Cos. (MIK) gained 10% after a New York Times report that Apollo (APO) and at least one other private equity firm have expressed interest in acquiring Michaels.Developing story ... For further details see: Michaels Cos. gains on NYT report of takeout interest

MIK reports earnings Thursday. Revenue could grow in the mid-single-digit percentage range. E-commerce is growing at an out-sized rate, yet gross margins continue to improve. If margins expand this quarter, then EBITDA could grow faster than revenue. MIK could be a beneficiary...