Is Matterport a Worthy Merger Arbitrage Play? [Yahoo! Finance]
Matterport, Inc. - Class A (MTTR)
Company Research
Source: Yahoo! Finance
virtual tour software platform, for an enterprise value of $1.6 billion. CoStar management believes the deal will go through before the end of 2024, but it still needs to pass shareholder and regulatory hurdles. As a result, the proposed acquisition creates an opportunity known as merger arbitrage -- a short-term investing strategy where you buy stocks of companies trading below their acquisition prices. So let's examine the finer print of the CoStar Group and Matterport deal and consider whether investors should capitalize on the merger arbitrage opportunity. Details of CoStar Group's acquisition of Matterport In late April, CoStar announced its intention to acquire Matterport, with each Matterport shareholder receiving $2.75 in cash and $2.75 in CoStar stock. The stock portion of the deal is complicated, however, because it is subject to what is known as a symmetrical collar. Specifically, three days prior to the acquisition, CoStar's average share price will be established
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MTTR
News
- Matterport: Deal Premium Creeping Up, Still Not Enticed [Seeking Alpha]Seeking Alpha
- Is Matterport a Buy Ahead of $5.50 per Share Buyout? [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AGR, OSG, CRC, MTTRPR Newswire
- Kuehn Law Encourages MTTR, AGR, OSG, and CRC Investors to Contact Law FirmPR Newswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SBOW, UNIT, MTTRPR Newswire
MTTR
Earnings
- 5/6/24 - Beat
MTTR
Sec Filings
- 6/18/24 - Form 4
- 6/12/24 - Form 4
- 6/12/24 - Form 4
- MTTR's page on the SEC website