Targeting companies that are receiving takeover interest or are actively exploring a sale can often lead to low-risk gains. Share prices usually rise after a takeover deal has been announced, and takeover deals are frequently announced at a significant premium above current share prices.
Grab some low-risk gains when these stocks announce takeovers. |
Riskified Ltd. – SYM: RSKD Recent Price: $5.08
Takeover Action: Reuters reported that Riskified is exploring options including a potential sale after receiving takeover interest. Potential acquirers include digital payments processing firms, online shopping platforms, cybersecurity software makers, and private equity firms. Description: Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts. The company serves direct-to-consumer brands, online-only retailers, omnichannel retailers, online marketplaces, and e-commerce service providers in various industries, such as payments, money transfer and crypto, tickets and travel, electronics, home, and fashion and luxury goods. Riskified Ltd. was incorporated in 2012 and is headquartered in Tel Aviv, Israel. |
Allegro MicroSystems, Inc. – SYM: ALGM Recent Price: $28.50
Takeover Action: Bloomberg reported that Allegro Microsystems is drawing takeover interest from larger competitor On Semiconductor. Phoenix-based Onsemi has been working with advisers in recent months to pursue Allegro. It’s possible other suitors could emerge for Allegro as well. Description: Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers. The company sells its products to original equipment manufacturers and distributors primarily in the automotive and industrial markets through its direct sales force, third party distributors, independent sales representatives, and consignment. It operates in the United States, rest of the Americas, Europe, Japan, Greater China, South Korea, and other Asian markets. The company was founded in 1990 and is headquartered in Manchester, New Hampshire. |
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Signet Jewelers Limited – SYM: SIG Recent Price: $49.89
Takeover Action: Select Equity, which holds 9.7% of Signet Jewelers, believes that the stock is undervalued and that the company could create more value for shareholders by considering strategic options, including selling the business. Description: Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile. This segment also engages in jewelry subscription business. The International segment operates stores in shopping malls and off-mall locations primarily under the H.Samuel and Ernest Jones brands in the United Kingdom, Republic of Ireland, and Channel Islands. The Other segment is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services. Signet Jewelers Limited is headquartered in Hamilton, Bermuda. |
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