GBA Presents: RADIO SAVANT-!

[stonedinvestor]

A) Storage Wars: Public Storage Launches Hostile Takeover Bid For Life Storage



B) Life Storage board rejects unsolicited proposal from Public Storage 02/16 LSI, PSA Life Storage (LSI) announced that the company's Board of Directors unanimously concluded that the acquisition proposal submitted by Public Storage (PSA) on February 5, 2023, significantly undervalues Life Storage and its prospects for future growth and value creation. This determination follows a comprehensive review process conducted by the Life Storage Board in consultation with its independent financial and legal advisors. As previously announced, Public Storage proposed to acquire in a taxable transaction all of the outstanding shares and units of Life Storage for 0.4192 shares of Public Storage common stock for each outstanding Life Storage share or unit. Based on the closing price of Public Storage common stock on Wednesday, February 15, 2023, the proposal had an implied value of approximately $126.14 per share or unit or an equity value of approximately $11 billion."

C) B>R>E>A>K>I>N>G
Life Storage cancels from Citi property conference next week

Does this mean new higher offer-?


-LSI Life Storage, Inc.
$127.76 +3.02(+2.42%) 03/03/23

 

[stonedinvestor]

I loved her snarky style on parks and Rec and I got to say of the young blood coming up in TV and Film Aubrey Plaza is way cute. White Lotus major break out for her.

 

[stonedinvestor]

Well the Q gang are giving Trump credit for solving the Drought in Ca and Oregon. Blaming Biden for snow and rain damage? Them silly mountain residents of San Gabriel-Bern, Santa Lucia, Sierras(Kern, El Dorado, Tulare, Ukiah, Modoc, Lassen) play 12 player chess or 6d, I forget.

Ted! Great to here from you. You know I had the real idea for Cali and they didn't do it fast enough.

I said dig huge holes. 10X the size of an Olympic pool and let them fill up when it over rains...

RE:
In a Drought, California Is Watching Water Wash Out to Sea
Heavy storms have flooded parts of California, but the state has been unable to capture billions of gallons of water that are flowing unchecked into the ocean. Los Angeles is embarking on an ambitious new program to change that.

 

[stonedinvestor]

Beautiful stair step pattern Van on the daily.

Assertio Holdings, Inc. (ASRT)
NasdaqCM - NasdaqCM Real Time Price.
6.19+0.44 (+7.65%)<-------------
As of 01:49PM EST.

 

[stonedinvestor]

Run across OneSpan a few times. seems like one of those mid tier tech cos that could really help a small business.

Alert******


Exclusive-Cybersecurity firm OneSpan explores sale -sources
Milana Vinn
Thu, March 2, 2023, 12:42 PM EST
In this article:
OSPN
+2.06%

NEW YORK (Reuters) -OneSpan Inc, a U.S. cybersecurity tools vendor that has become the target of activist hedge funds such as Legion Partners Asset Management, is exploring options that include a sale of the company, people familiar with the matter said.

OneSpan is working with investment bank Evercore Inc on a sale process that could attract interest from other companies and private equity firms, the sources said, requesting anonymity because the discussions are confidential.

OneSpan shares rose over 11% on the news in afternoon trade to $18.43 a share.

OneSpan, which has a market value of close to $700 million, and Evercore declined to comment.

Based in Chicago, OneSpan develops identity management software solutions that help secure electronic transactions. The company's offerings include its e-signature signature product OneSpan Sign, which competes with products offered by Adobe Inc and DocuSign Inc.

In 2021, Legion, which has been a OneSpan shareholder since 2018, launched a board challenge to pressure the company to implement operational changes and explore asset divestitures. OneSpan then cut a deal with Legion that added two of the hedge fund's director nominees to its board.

Other activist hedge funds including Ancora Advisors and Altai Capital have also taken positions OneSpan's stock.

(Reporting by Milana Vinn in New York)

 

[stonedinvestor]

I profiled these guys for their earn yesterday oblivious to all of this.


OneSpan up 10% after Reuters reports company exploring sale 12:46 OSPN Shares of cybersecurity tools vendor OneSpan (OSPN) are higher after Reuters' Milana Vinn reported that the company is exploring options that include a possible sale. The company, which has become the target of activist hedge funds including Legion Partners Asset Management, is working with investment bank Evercore (EVR) on a sale process that could attract interest from other companies and private equity firms, the report said. In afternoon trading, OneSpan shares are up $1.58, or 10%, to $18.13

 

[stonedinvestor]

Lets move up the buy and do it here---

Ardelyx, Inc. (ARDX)
NasdaqGM - NasdaqGM Real Time Price.
2.66 (+5.3360%)<--------------GO TIME-!
As of 12:32PM EST.

I am looking through all my accounts and can't find this. WTF. I sold a bunch of flat bios and this must of been one of them... For Marketing Purposes this is another winner.-

Ardelyx, Inc. (ARDX)- Enormous Vol
NasdaqGM - NasdaqGM
3.8200+0.9300 (+32.18%)
At close: 04:00PM EST

 

[stonedinvestor]

There have been no IPO's in long while of any worth. And When went full bore on AI to start the year I was thinking what is next after that? Robots? I was heading that direction... But also SPACS.

Could They Make A Comeback. And although I do not play in this arena I do wonder what of these companies that have a ticking clock they must buy someone or give their $10 back to investors.

I do think some speculative nosense has started to jump around just recently in the world of Robin Hood.

This could be the beginning of something or not-- but if Millenials are investing and they seem to like the big stupid obvious names... would they reach for SPACS as their speculative side?

Just starting this concept--

Rocket Internet Growth Opportunities Corp. (RKTA)
NYSE - NYSE Delayed Price.
10.20+0.01(+0.10%)
At close: February 24 03:33PM EST

Top Institutional Holders
Holder Shares Date Reported % Out Value
Glazer Capital LLC 1,767,963 Dec 30, 2022 6.62% 18,033,222
Saba Capital Management, L.P. 1,573,777 Dec 30, 2022 5.89% 16,052,525
683 Capital Management LLC 1,490,000 Dec 30, 2022 5.58% 15,197,999
PSquared Asset Management AG 1,467,763 Dec 30, 2022 5.50% 14,971,182
First Trust Capital Management L.P. 1,284,952 Dec 30, 2022 4.81% 13,106,510
Shaw D.E. & Co., Inc. 1,070,188 Dec 30, 2022 4.01% 10,915,917
HSBC Holdings Plc 1,068,000 Dec 30, 2022 4.00% 10,893,599
Citadel Advisors Llc 1,048,921 Dec 30, 2022 3.93% 10,698,993
Macquarie Group Limited 1,000,000 Dec 30, 2022 3.75% 10,199,999
Magnetar Financial LLC 978,276 Dec 30, 2022 3.66% 9,978,415

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in Rocket Internet Growth Opportunities.

Rocket Internet SE is currently the largest shareholder, with 20% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 4.7% and 4.5%, of the shares outstanding, respectively.

Rocket Internet Growth Opportunities Corp. (NYSE: RKTA)
Rocket Internet looks to strategically partner with fledgling internet and technology enterprises to provide them with the tools they need to succeed.

The company has over 200 companies in its portfolio on six continents and is valued at over $30 billion.

In early spring of this year, Rocket Internet launched its own SPAC, Rocket Internet Growth Opportunities Corp.

In a similar vein to its parent company, Rocket Internet Growth Opportunities Corp. seeks to merge with an internet and technology venture from the ground up.

In doing so, both parties stand to benefit from the agreement.

Rocket can bring a lot to the table with a business model that’s been in place since 2007.

SPACS don't move alot and I may be jumping the gun here a bit.

3 months $10-$10.20 lol

These things are confusing but this SPAC appears to have a PE of 27.

More work to be done here---

5 Years Ago....

 

[stonedinvestor]

The Mystery deepens---

 

[stonedinvestor]

I have had SPACS on my mind for a few weeks now.

Prison phone company ViaPath in talks to go public through SPAC Tristar - report

We all know what a rip off these prison phone calls are... GREAT Margins as they say....

Tristar Acquisition I Corp. (TRIS)
NYSE - Nasdaq Real Time Price.
10.30+0.02 (+0.19%)