A Weekly Update on Happenings in Special Situations
  • Do you live under a rock? If so, I have some breaking news for you – Twitter $TWTR appointed Elon Musk to its Board.

  • Spirit Airlines $SAVE said it will enter talks with JetBlue $JBLU after JetBlue’s unsolicited all-cash offer trumped an earlier announced takeover bid by Frontier $ULCC.

  • Dave & Busters $PLAY announced the acquisition of Main Event for $835mm. Main Event’s CEO to become the CEO of the merged companies. No investor presentation, no analyst call – really??

  • Nielsen $NLSN investor WindAcre will attempt to block Nielsen’s sale. WindAcre previously demanded $1bn in additional equity to support the takeover. After being denied, WindAcre subsequently raised its ownership to 19%.

  • In the largest public company M&A deal last week, CDK Global $CDK announced its sale to Brookfield $BBU. A lot of merger activity in the automotive sector, including recent deals for Tenneco $TEN and Meritor $MTOR.

  • AT&T’s $T spin-off of WarnerMedia and concurrent merger with Discovery $DISCK was completed, creating Warner Bros. Discovery $WBD.

  • Turtle Beach $HEAR activist investor Donerail urged shareholders to prepare for upcoming proxy vote. Heavy chatter regarding a potential go-private transaction.

  • Envestnet $ENV is reportedly close to a sale, with Warburg Pincus and Advent rumored to be the final bidders. Continues trend of merger activity in both fintech & vertical software.

  • Turquoise Hill $TRQ formed a Special Committee and retained advisors to review Rio Tinto’s $RIO takeover proposal.

Have a great week everyone.
Derek's avatar
$107.3m follower assets
Earnings I am looking forward to
This Quarter I am looking forward to $VTRS and $RIO as they are relatively new in my portfolio

Also looking forward to $INTC, While I'm not expecting big things this year I think Intel has the potential to be a great turnaround company over the next 12 months
Derek's avatar
$107.3m follower assets
September portfolio review
Every month I like to track my income portfolio to keep me motivated towards my end goal. While some of the numbers here are small compared to others, I am amazed at how far I have come in a short amount of time.

I invested in my first company in December 2017 while I was still studying in uni as a mature student and I have been adding to my investment account consistently since.

I have added to 3 existing positions
  1. Royal Dutch Shell $RDSA
  2. Ahold Delhaize
  3. Texas Instruments $TXN

Those who listen to my podcast will know that I love both Shell and Ahold. Although for different reasons. I bought shell when it was near €10 and the whole world seemed to be betting against oil. They had just cut their dividend after I bought them but I was confident in their management team and I like the transition to renewables also.

Ahold is like the Dutch Amazon and has a surprisingly growing presence in the US.

I have added a couple of new positions in $ORAN , $BX , $RIO and $LMT

I cant link my full portfolio as DEGIRO is not yet an option by my portfolio is as follows:

US Companies

European Companies

If your interested you can read my full monthly review here - https://www.engineermyfreedom.com/september-portfolio-review-2021/
post mediapost media
I have a friend who works at Texas Instruments— the depth and breadth of technical expertise of that company is impressive.

Embedded chips make up more than 90% of TI's revenue (they're a semiconductor company, not a calculator company as some might be surprised to learn 😆). One of the end markets they sell into is communications equipment— my friend worked on speaker systems and sound wavelengths. It's an interesting company for sure.
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