Northrop Grumman to acquire Litton Industries for $80 per share cash Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. We put together employment agreements and add on equity compensation for milestones. Labor SMART, Inc. Completes Acquisition of Takeover Industries, Inc. He has already started recruiting industry experts to help. Medline to sell majority stake to Blackstone, Carlyle and - CNBC I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. This eclectic and creative style of investing seems to suit my personality and interests most closely. I understand that's an awful lot of speculation but I'm confident in my assessment here. Labor SMART was founded to provide reliable, dependable and flexible resources for on-demand personnel to small and large businesses in areas that include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. But you pick up dividends as you wait here worth $0.3193 per quarter per share. InBev offered to buy Anheuser-Busch for $65 . Do not sell my personal infoPrivacy PolicyAssumption of Risk and Waiver of LiabilityContact Us, The ONLY Conference Dedicated to Convenience Category Managers. What I care about is the future of Takeover and the future for Labor Smart shareholders. Copyright 2023 Surperformance. Gentlemen of the Board of Directors of Labor Smart, Inc., Please see the attached Non-Binding LOI for the acquisition of Takeover Industries, Inc. from Labor Smart, Inc., by Metavesco, Inc. They can take longer than expected and get derailed after you've been holding for quite a while. -, Labor Smart, Inc. : Change in Directors or Principal Officers (form 8-K), Labor Smart, Inc. Appoints Michael Costello as Chief Executive Officer, Labor Smart, Inc. STE 118 52 Cave Creek , AZ 85331United States. Second, IFF is a financial buyer with a very long-term holding period as opposed to a strategic buyer. I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. Labor SMART believes it can make a positive contribution each and every day for the benefit of its clients and temporary employees. The spread of around ~5.5% stood out to me among pending deals. Mr. Schadel participated in a live Q & A after this announcement, which can be replayed here: Utility M&A is notoriously a treacherous field. Heres What Hedge Funds Think About Tootsie Roll Industries, Inc. (TR) Insider Monkey. This will equate to a reverse split of everyone's equity position. My broker isn't exactly generous in providing margin to hold this stock. Vision Tech's stock price is currently trading at $34 per share. NXT LVL Hydrogen Water, Hy-Vee Enter Distribution Deal HOME | Takeover Takeover Industries is an early stage, pre-revenue beverage venture and will become a wholly owned subsidiary of Labor Smart, Inc. Consummation of this transaction will result in a change of control of Labor Smart, Inc. WarnerMedia, Discovery complete merger, become Warner Bros - CNBC !Webull Referral: https://act.webull.com/n/pgdglbN3EIff/qxa/If your interested in opening a brokerage account click on the link above and start trading!DISCLOSURE: Some of the links that are connected to this page are affiliate links, which means, this is no additional cost to you. #NXTLVLNation #NXTLVL 25 119 Metavesco Sends Open Letter, Non-Binding LOI to Takeover Industries We've built a foundation that management believes will deliver rapid growth and high value for our shareholders. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. I pulled up Seeking Alpha's valuations for a set of peers: small-cap utility peer group valuations (Seeking Alpha). ATLANTA, April 28, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has officially signed an . I write the Special Situation Report.I look at special situations like spin-offs, share repurchases, rights offerings and a lot of M&A events. The Company also operates a restaurant franchise and is seeking additional opportunities outside of the staffing industry. Time is of the essence. Boustead Holdings Shares Soar After Takeover Proposal Mike.T@Takeoverind.com, Discover new solutions and ideas from our supplier partners. The Company generates income as a liquidity provider on decentralized crypto exchanges and invests in promising NFT projects and virtual land, primarily on EVM protocols. Takeover - Meaning, Types, Examples, How it Works? - WallStreetMojo Utilities are kind of notorious for regulatory intervention. 954.347.8960. The resultant company, Warner Bros. LTNC peaked at $0.08 at the end of March but since then has crashed over 80%, leaving disgruntled shareholders sitting on huge losses. Takeover Industries has just passed its 100-day mark. The company offers comprehensive assembly solutions to its many customers worldwide, including wire bonding equipment, packaging materials, and test interconnect products. That's clear from the longer time graph, when looking at the recovery in the utility exchange-traded fund ("ETF") since the deal date, but also because of valuations for a peer group. The deal, announced live on Twitter via @CRyanSchadel on Sunday February 28, 2021, calls for the issuance of 6.8 billion common shares, RESTRICTED for 12 months, for the acquisition. 4 OTC Stocks To Watch Right Now: DMGGF HPIL LTNC TGGI I believe this is in LTNC shareholders best interest and hope you accept the LOI on or before November 16, 2022, at 4pm New York time. The end result is a unique premium hydrogen water for consumers who desire improved mental clarity, accelerated physical recovery, and overall wellness through oxidative stress relief. Eric Volkman has no position in any of the stocks mentioned. For Takeover Industries, stock forecast for 2027 (5 year), 12 predictions are offered for each month of 2027 with average Takeover Industries, stock forecast of $0.0, a high forecast of $0.0, and a low forecast of $0.0. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Labor SMART, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. But here, TO needs to raise capital and I believe will absolutely need to dilute. Finance Chapter 1-3 Flashcards | Quizlet Takeover Industries has just passed its 100-day mark. I'm not here to judge. Mergers Mergers Merger refers to a strategic process whereby two or more companies mutually form a new single legal venture. There has been an early August 8-K update that the deal is on track to close Q4 2022. He did not provide any more detail. PROOF OF SERVICE Executed by Plaintiff Takeover Industries, Inc., upon Defendant Michael Holley served on 1/15/2022, answer due 2/7/2022. al. Normally, when a company takeover is announced, the share price of the target company rises to around the level of the offer price. Metavesco Sends Open Letter, Non-Binding LOI to Takeover Industries The One With The Umlaut, Harpoon Launches Limited Edition Sticky Bun Stout with Flour Bakery + Caf, Tennessee Brew Works & Turner Hus Brewery Collaborate, Migration to Release Salty Mule Gose for 8th Annual SheBrew Festival. STE 118 52. Apparently, the company will make a play to buy Take-Two if Microsoft succeeds in its determination to acquire Take-Two's fellow video game maker Activision Blizzard. I'm unsure what the strategy will be. dfidell@sjindustries.com. Takeover Industries Inc. - Convenience Retailing University I have no business relationship with any company whose stock is mentioned in this article. ATLANTA, March 17, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the Company), a leader in providing on-demand blue collar staffing primarily in the southeastern United States, transitioning into a diversified holding company, today announced it has signed a Memorandum of Understanding and will create a Joint Venture with Faith Springs, LLC d/b/a H2ForLife. For More Information: Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Small cap utility trades at a 5.5% spread to the $36 acquisition price. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. That's like 3.5%+ on an annualized basis. Smash that like button and subscribe to the channel and as always have a good day!Sources:https://www.globenewswire.com/news-release/2021/03/01/2184340/0/en/Labor-SMART-Inc-Completes-Acquisition-of-Takeover-Industries-Inc.html\\https://twitter.com/cryanschadel?s=21Join this channel to get access to perks:https://www.youtube.com/channel/UCcoE3R47xyO1ApE-A3EjZhA/join FOLLOW ME:Instagram: https://www.instagram.com/murphy4848/Twitter: https://twitter.com/LucasMurphy4848EMAIL: lmurphy4811@gmail.comEquipment-Mouse pad-https://amzn.to/3c1dNQxBlue Yeti -https://amzn.to/2WiPYNEUSB Port-https://amzn.to/2YsC66cBeats-https://amzn.to/3b1s4f1Acer Dual Screen-https://amzn.to/3ffkIrxThe Coffee Grind: https://coffeegrindco.com/Use #STOCKGRINDER for 10% off your purchaseRaze Energy: https://reppsports.com/Use promo code LMYC48 and receive 15% off your purchase order!! See. CUMMING, GA / ACCESSWIRE / November 14, 2022 / Metavesco, Inc. (OTC PINK:MVCO) (the "Company"), a leading publicly-traded Web3 enterprise, today disclosed it sent the below open letter to the Board of Directors of Labor Smart, Inc. and a Non-Binding Letter of Intent to acquire Takeover Industries, a wholly owned subsidiary of Labor Smart, Inc.The letter of intent contained a non-binding offer . But what about the LTNC shareholders? Team Takeover members launched major brands with top-tier distributors including Pepsi, Budweiser, Coors and Miller Distributors, Whole Foods, and brands such as Sobe, Arizona Iced Tea, Xyience, and Ignite International. I have been doing research in ways to solve global issues since 1994. The spread is a juicy 5.5% (roughly $2 per share) and it could potentially close before yearend. The consensus among analysts is that the intrinsic value of Vision Tech's stock is $27 per share. All rights reserved. Lucid's stock falls 18% as investors see takeover risk More importantly, it is a utility. Harborside Completes Reverse Takeover of Lineage Grow Company Ltd. PRESS | Takeover http://nxtlvlusa.com/pacman/. Takeover Industries has developed the next generation performance water for everyone from athletes to seniors looking to achieve optimal health, performance and overall wellness. This needs to be done yesterday. Pavlik further states, The Company was offered, and has agreed to accept the offer of $250,000.00 USD for the sale of the Trademark, and we also retain the right to use the Trademark royalty free for the next two years. Please see the attached Non-Binding LOI for the acquisition of Takeover Industries, Inc. from Labor Smart, Inc., by Metavesco, Inc. The Motley Fool has a disclosure policy. Conclusion Cave Creek , AZ 85331. Future: Jason Tucker would continue to lead Takeover Industries, Inc. as a wholly owned subsidiary of Metavesco. Could Elon Musk's ChatGPT Take Tesla (TSLA) Stock to the Next Level The valuation for SJI doesn't look particularly rich even when it's trading with most of its merger premium included. I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. I admit, its rather lengthy for an LOI, but given the ongoing legal issues at Takeover, this LOI required more legal jargon than I prefer. The Company believes his experience will be instrumental in transformation for the future. Manny Pacquiao & The Manny Pacquiao Foundation Sign - Benzinga Why Take-Two Interactive Stock Leaped 6% Higher Today The management team of Takeover Industries, Inc. has taken certain actions over the past year to continue the Company's focus on becoming a global force in the beverage industry. By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. Labor Smart, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, .. Labor Smart : NXT LVL Hydrogen Water, Hy-Vee Enter Distribution Deal, NXT LVL Hydrogen Water, Hy-Vee Enter Distribution Deal, Labor Smart : Purchase and Sale Agreement (Form 8-K). Takeover Industries shall issue 6.8 billion RESTRICTED shares of common stock to the shareholders of Labor Smart. This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company is now focused on its subsidiary, Takeover Industries Inc. and rapidly expanding the NXT LVL Line of functional beverage products." Rumor of a potential buyout from a big-pocketed strategic investor was inflating the share price of video game company Take-Two Interactive Software (TTWO 1.23%) on Thursday. Pursuant to the Agreement, the Seller became a wholly owned subsidiary of the Company. Takeover Industries Introduces its Veteran Sales Dream Team Engineering giant GKN sold to Melrose for 8bn - BBC News The post cites as a source a tweet published on Monday by a self-described "gaming industry analyst" with the Twitter handle of Rythian. You've already built some distribution and supply chain capabilities. Metavesco assumes that debt. In June 2008, Euro-Brazilian beverage company, InBev, made an unsolicited bid for iconic American beer brewer, Anheuser-Busch. Joe Pavlik, LTNC CEO & Takeover Industries President and Chief Science Officer, said, After review, our executive team has determined that the Trademark does not fit into the long-term plan.