MIK News and Press, The Michaels Companies Inc. From 05/26/21

John Paulson’s 13F portfolio value increased from $3.85B to $4.35B this quarter. Paulson & Company added Perpetua Resources and increased Alexion Pharmaceuticals while dropping Discovery and ViacomCBS during the quarter. Their top three positions are at 45% of the entir...

JOANN recently went public again on March 12, 2021, in an IPO priced at $12 per share, down from initial deal talk at $15 to $17 per share. JOAN had a tremendous FY 2020 and paid down north of $400 million in long-term debt. At $13 per share, JOAN shares are trading at only 4X of ...

Merger activity increased last week with six new deals announced. $50 billion worth of deals announced in a single week. Thermo Fisher Scientific to acquire PPD Inc. For further details see: Merger Arbitrage Mondays - Microsoft's Acquisition Of Nuance Offers A 5% Spread ...

B. Riley Financial Set to Join S&P SmallCap 600 B. Riley Financial Set to Join S&P SmallCap 600 PR Newswire NEW YORK , April 12, 2021 /PRNewswire/ -- B. Riley Financial Inc. (NASD: RILY) will replace The Michaels Companies Inc. (NASD: MIK) in the...

B. Riley Financial (RILY) has jumped 9.5% on word that it's moving into the S&P SmallCap 600 index. That move is effective prior to the open of trading this Thursday, April 15. It's there to replace The Michaels Cos. (MIK), set to be acquired by Apollo Global Management. For further det...

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NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- Magic MergeCo, Inc. (the “Purchaser”), an entity controlled by funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo...

It has been one year since the markets bottomed in March of 2020 due to COVID. Markets have rebounded beyond most investors’ expectations, with growth and tech stealing much of the spotlight. The “rotation into value” narrative has recently gained some tractio...

A recent paper purports to show that academic research into factors is valid and that its results are replicable. I take a close look at the paper and read between the lines. I find that the authors' conclusions, while flawed, are valid and telling, and support the thesis that fac...

Michaels (MIK) has launched a pilot program with Instacart, the leading online grocery platform in North America, to deliver from nearly 100 Michaels stores across Chicago, Dallas and Washington D.C. Delivery via Instacart is expected to expand to all Michaels stores in the U.S. over the comi...