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InsideArbitrage
The acquisition of Catalent $CTLT by Novo Nordisk $NVO was completed on December 18, 2024. It took 317 days for the deal to be completed.
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InsideArbitrage
Gentex $GNTX to Acquire VOXX International $VOXX in an All-Cash Transaction:
⚡️Under the terms of the agreement, Gentex will acquire all the issued and outstanding shares of VOXX common stock not already owned by Gentex for $7.50 per share, which is at a 3.47% discount from the stock’s last close.
⚡️Through the merger, expected to close in the first quarter of 2025, Gentex expects its yearly revenue to increase between $350 million and $400 million.
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InsideArbitrage
Uruguay Payments Provider DLocal $DLO Explores Sale - Reuters
✴️DLocal is working with Morgan Stanley $MS to gauge takeover interest from potential acquirers, including private equity firms and large financial technology providers.
✴️In August last year, there were reports that DLocal was considering options such as a potential sale, but those discussions ultimately ended without any outcome or agreement.
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Quiver Quantitative
RT @InsiderRadar: 🚨BREAKING: New CEO Insider Purchase

The CEO of $DDD has reported the purchase of ~$230K of the company's stock, increasing his ownership stake by 6%.

This is the first insider purchase he has reported in over 2 years
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Quiver Quantitative
Senator Markwayne Mullin has endorsed a pay raise for members of Congress.

He said:

"The worst financial decision I ever made was running for Congress"

We have seen more stock trades from Mullin than almost anyone else in the Senate this year: https://t.co/AbfVSfaZRH
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Dimitry Nakhla | Babylon Capital®
After today’s decline, the S&P 500 is now down a massive -0.36% in the past month $SPY 😂 https://t.co/2iMDyRA6nP
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Quiver Quantitative
Working on using AI to break down the 1,500 page continuing resolution into something more digestible.

Here's a long list of some of the spending outlined within the resolution:

Emergency expenses related to losses of revenue and production of crops: $30.8B

FEMA Disaster Relief Fund, Funding for major disasters: $29.0B

Community Development Fund, Funding for disaster recovery and resilience activities: $12.0B

Emergency Relief Program, Funding for repair damages resulted from cargo ship Dali: $8.1B

Department of Defense—Procurement—Shipbuilding and Conversion, Navy,Columbia Class Submarine (AP): $6.0B

Department of Defense—Procurement—Shipbuilding and Conversion, Navy,Virginia Class Submarine program and workforce wage improvements: $5.7B

Capital Improvement and Maintenance, Expenses for wildfires and natural disasters: $3.5B

Department of Defense—Procurement—Shipbuilding and Conversion, Navy,Columbia Class Submarine: $2.9B

National Forest System, Expenses related to the consequences of wildfires and natural disasters: $2.5B

Department of the Interior National Park Service Construction, Expenses related to natural disasters: $2.3B

Small Business Administration Disaster Loans Program Account, Cost of direct loans for disaster assistance: $2.2B

Office of the Secretary, Assistance to producers of livestock and related losses: $2.0B

State and Tribal Assistance Grants, Safeguarding drinking water facilities affected by natural disasters: $1.8B

Economic Development Assistance Programs, Economic adjustment assistance related to flood mitigation, disaster relief, long-term recovery, and restoration of infrastructure in disaster areas: $1.5B

Department of Homeland Security Hermit's Peak/Calf Canyon Fire Assistance Account, Funding for fire assistance: $1.5B

Department of Defense Operation and Maintenance, Navy,Expenses related to consequences of various hurricanes and severe storms: $1.5B

State and Tribal Assistance Grants, Clean Water State Revolving Funds capitalization grants: $1.2B

Military Construction, Navy and Marine Corps,Expenses for Typhoon Mawar consequences: $1.1B

Emergency Watershed Protection Program, Emergency expenses for watershed protection: $920.0M

Department of Defense—Operation and Maintenance—Defense-Wide, Risk reduction and modification of National Security Systems: $913.4M

Department of Defense Operation and Maintenance, Airforce,Expenses related to consequences of certain hurricanes and Typhoon Mawar: $912.8M

Emergency Conservation Program, Assistance for emergency conservation: $828.0M

Corps of Engineers—Civil Flood Control and Coastal Emergencies, Expenses to prepare for flood and hurricane disasters: $745.0M

National Aeronautics and Space Administration Construction and Environmental Compliance and Restoration, Repair and replacement of NASA facilities damaged by natural disasters: $740.2M

Corps of Engineers—Civil Construction, Emergency expenses to address natural disasters: $700.0M

Department of Commerce—National Oceanic and Atmospheric Administration—Procurement, Acquisition and Construction,Acquisition schedule for Geostationary Earth Orbit: $625.0M

Department of the Interior United States Fish and Wildlife Service Construction, Expenses related to natural disasters: $500.0M

National Oceanic and Atmospheric Administration Procurement, Acquisition and Construction,Repair and replacement of observing assets and acquisition of hurricane hunter aircraft: $499.0M

Military Construction, Air Force,Expenses for Typhoon Mawar consequences: $487.3M

Department of Defense Operation and Maintenance, Army,Expenses related to consequences of severe storms and hurricanes: $451.9M

Rural Development Disaster Assistance Fund, Rural development disaster assistan[...]
Offshore
⁠Quiver Quantitative Working on using AI to break down the 1,500 page continuing resolution into something more digestible. Here's a long list of some of the spending outlined within the resolution: Emergency expenses related to losses of revenue and production…
ce: $362.5M

Emergency Forest Restoration Program, Assistance for emergency forest restoration: $356.5M

Fisheries Disaster Assistance, Fishery resource disaster relief: $300.0M

Payments to States for the Child Care and Development Block Grant, Expenses for child care services: $250.0M

Payments to States for the Child Care and Development Block Grant, Expenses related to major disasters: $250.0M

International Boundary and Water Commission, United States and Mexico,Construction expenses: $250.0M

National Oceanic and Atmospheric Administration Operations, Research, and Facilities,Repair and replacement of observing assets and mapping services: $244.0M

Department of Homeland Security Coast Guard Procurement, Construction, and Improvements,Expenses related to consequences of disasters: $210.2M

State, Private, and Tribal Forestry,Forest Health Protection assistance for spruce budworm outbreak: $208.0M

Department of the Interior Indian Affairs Bureau of Indian Education Education Construction, Expenses related to natural disasters: $153.0M

Department of Defense Other Procurement, Air Force,Expenses related to consequences of Typhoon Mawar: $129.7M

Department of Defense Procurement, Procurement of Ammunition,Army,Expenses related to consequences of Hurricane Helene: $125.1M

Department of Homeland Security Coast Guard Operations and Support, Expenses related to Francis Scott Key Bridge collapse and other disasters: $102.5M

Family Housing Operation and Maintenance, Navy and Marine Corps,Expenses related to Typhoon Mawar: $102.2M

State and Tribal Assistance Grants, Hazardous waste financial assistance and solid waste management activities: $95.0M

Department of Defense Operation and Maintenance, Space Force,Expenses related to consequences of certain hurricanes and Typhoon Mawar: $90.2M

District of Columbia—Federal Payment for Emergency Planning and Security Costs in the District of Columbia, Costs associated with the Presidential Inauguration: $90.0M

State and Tribal Assistance Grants, Clean Water State Revolving Funds capitalization grants: $85.0M

National Forest System, Funding for shaded fuel breaks construction and maintenance: $75.0M

Department of the Interior Bureau of Reclamation, Water and Related Resources,Expenses related to natural disasters: $74.5M

Department of Defense Research, Development,Test and Evaluation,Airforce,Expenses related to consequences of Typhoon Mawar: $69.3M

Forest Service Operations, Expenses for wildfires and natural disasters: $68.1M

Federal Prison System Buildings and Facilities, Necessary expenses related to consequences of major disasters: $64.8M

State and Tribal Assistance Grants, Water emergencies address funds under Safe Drinking Water Act: $60.0M

Department of Energy Strategic Petroleum Reserve, Expenses related to damages caused by natural disasters: $60.0M

Department of the Interior Bureau of Land Management Management of Lands and Resources, Expenses related to natural disasters: $58.1M

Corps of Engineers—Civil Mississippi River and Tributaries, Expenses related to Corps projects caused by natural disasters: $50.0M

Department of the Interior National Park Service Historic Preservation Fund, Expenses related to natural disasters: $50.0M

Safe Drinking Water Act Amendment, Increase funding for various drinking water programs: $50.0M

Buildings and Facilities, Emergency expenses for agricultural research facilities: $42.5M

Medical Facilities, Expenses related to Hurricanes Milton and Helene and other disasters: $41.7M

Department of Defense Research, Development,Test and Evaluation,Army,Expenses related to consequences of severe storms: $41.4M

Department of Defense Procurement, Space Force,Expenses related to consequences of Typhoon Mawar: $38.0M

Recycling Infrastructure and Accessibility Program, Funding to improve recycling accessibility in underserved communities: $30.0M

Family Housing Construction, Navy and Marine Corps,Expenses related to Typhoo[...]
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InsideArbitrage
🏘️ $TPH Tri Pointe Homes, Inc. Announces $250 Million Stock Repurchase Program (7% of its current market cap) which succeeds the Dec 2023 plan

🏠 Under this plan, the homebuilder repurchased 1.2 million shares in Q4 at an average price of $41.57, totaling $50 million, and 3.96 million shares YTD at $36.97, totaling $146.6 million

🏠 It has been consistent with share repurchases, reducing shares outstanding by 25+% in the last 4 yrs!
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