. . World News – United States – Magellan Merger Investigation: Halper Sadeh LLP Announces Investigation into Whether the Sale of Magellan Health, Inc. . is fair to shareholders; Investors are encouraged to turn to the company – MGLN

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Magellan Health, Inc. . (NASDAQ: MGLN) to Centene Corporation for $ 95. 00 per share in cash is fair to Magellan’s shareholders.

Halper Sadeh encourages Magellan shareholders to click here to learn more about their legal rights and options or to contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh @ halpersadeh. com or zhalper @ halpersadeh. com.

The investigation concerns whether Magellan and its board of directors have violated federal securities laws and / or violated their duty of loyalty to shareholders by failing to: (1) obtain the best possible price for Magellan shareholders; (2) determine if Centene is underpaying for Magellan; and (3) disclosure of all material information necessary for the Magellan stockholders to adequately evaluate and value the consideration for the combination. On behalf of the Magellan Shareholders, Halper Sadeh LLP may request greater consideration of the shareholders, additional details and information on the proposed transaction or other facilities and benefits.

Halper Sadeh encourages Magellan shareholders to click here to learn more about their legal rights and options or to contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh @ halpersadeh. com or zhalper @ halpersadeh. com.

Halper Sadeh LLP represents investors around the world who have been victims of securities fraud and corporate misconduct. Our lawyers have been instrumental in implementing corporate reforms and recovering millions of dollars for duped investors.

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Alibaba founder Jack Ma’s absence from the public eye for the past two months, including the absence of the latest episode of a TV show he was supposed to appear on as a judge, has fueled social media speculation about his whereabouts his sprawling business empire. China’s best-known entrepreneur has not appeared in public since a forum in late October in Shanghai where he blew up China’s regulatory system in a speech that put him on a collision course with officials. This resulted in the suspension of an IPO for Alibaba’s Ant, valued at $ 37 billion Group Fintech Arm. The Financial Times reported Friday that Ma was replaced as judge on the final episode of a game show for entrepreneurs called Africa’s Business Heroes in November.

We opened a new page in the calendar, Old Man 20 is out and there is a feeling that 21 is going to be a good year – and so far, so good. The markets closed 2020 with modest session profits to cap larger annual profits. The S&P 500 rose 16% during the coronavirus crisis year, while the NASDAQ, with its strong tech representation, posted an impressive annual gain of nearly 43%. The advent of two viable COVID vaccines is fueling a surge in general optimism. Wall Street’s top analysts have their eyes fixed on the stock markets and have found the gems that investors should seriously consider this new year. These are analysts with 5-star ratings from the TipRanks database who point to stocks with strong buy ratings. In short, this is where investors can expect stock growth over the next 12 months. According to analysts, we are talking about a return of at least 70% over the next 12 months. ElectraMeccanica Vehicles (SOLO) electric vehicles are becoming increasingly popular as consumers seek alternatives to the traditional gasoline engine. While electric vehicles simply relocate the source of combustion from under the hood to the power station, they offer real advantages for the driver: They offer higher acceleration, more torque and are more energy efficient and convert up to 60% of their battery energy into forward motion. These advantages gradually outweigh the disadvantages of shorter range and expensive battery packs as EV technology improves. ElectraMeccanica, a small-cap manufacturer based in British Columbia, is the designer and marketer of the Solo, a single-seat three-wheel electric vehicle for the urban commuter market. Technically, the Solo is classified as an electric motorcycle – but it’s fully closed, has a door on either side, has a trunk, air conditioning, and Bluetooth connectivity, and it can travel up to 100 miles 80 on a single charge miles per hour. The charging time is short with less than 3 hours and the price for the vehicle is under 20. $ 000. Starting in the third quarter of 2020, the company made its first vehicle delivery in the US and expanded into six additional urban markets in the US, including San Diego, California, Scottsdale, and Glendale, Arizona. ElectraMeccanica also opened four new stores in the United States – two in Los Angeles, one in Scottsdale and one in Portland, OR. The company has also started developing and marketing a fleet version of the Solo to target the commercial fleet and rental car markets from the first half of this year. Craig Irwin, 5-star analyst at Roth Capital, is impressed with the potential applications of SOLO in the fleet market. He wrote about the opening: “We believe the pandemic is a tailwind for fast food chains looking for better delivery options. Chains try to avoid third party delivery costs and offset the operator’s impact on brand identity. company vehicles. The range of 100 miles, the low running costs and the standard telematics of the SOLO make the vehicle a good choice in our opinion, especially if location data can be integrated into a chain’s kitchen software. We wouldn’t be surprised if SOLO made some big chain announcements after clients validate plans. Irwin gives SOLO a buy rating backed by its $ 12. 25 Price target that implies an upside potential of 98% for the stock in 2021. (To see Irwin’s track record, click here. ) Speculative technology is popular on Wall Street, and ElectraMeccanica fits that bill well. The company has 3 recent reviews and they are all buys, which makes the analyst consensus a unanimous strong buy. The price of shares is $ 6. 19 and have an average goal of $ 9. 58, making the year-long upward trend 55%. (See SOLO stock analysis on TipRanks) Nautilus Group (NLS) The Washington state-based fitness equipment maker posted massive stock gains in 2020 as its stocks rose more than 900% over the year, including some of the most recent Collapses in stock value. Nautilus won when social lockdown guidelines went into effect and gyms closed to stop or slow the spread of COVID-19. The company, which owns major home fitness brands like Bowflex, Schwinn, and the Nautilus of the same name, provided home fitness fans the equipment needed to stay in shape. The stock’s appreciation accelerated in the second half of 20, after the company’s revenues recovered from losses in the first quarter due to the “Corona Recession”. Revenue for the second quarter reached $ 114 million, up 22% from the previous quarter. In the third quarter, revenue hit $ 155, a sequential gain of 35% and a massive gain of 151% year over year. The result was just as strong with the third quarter of USD 1. 04 The earnings per share were well above the 30 cent loss of the same quarter of the previous year. 5-star analyst Mark Smith watches this stock for Lake Street Capital and is bullish on this stock. Smith is particularly aware of the recent price decline and notes that the stock has now peaked – making it attractive to investors. “Nautilus reported blowout results for the third quarter of 20 with strength across the portfolio. We believe the company has orders and backlog to generate high sales and profits over the next few quarters, and we believe the movement of consumers’ home behavior has fundamentally changed. We would view the recent withdrawal as a buying opportunity, ”said Smith. Smith’s target price of $ 40 supports his buy recommendation and indicates a robust upside of 120% for a year. (To see Smith’s track record, click here. Strong Buy’s unanimous consensus rating shows Wall Street agrees with Smith on Nautilus’ potential. The stock has 4 current ratings and all of them are for sale. The stock closed 2020 at a price of $ 18. 14 and the average goal of $ 30. 25 suggests the stock has room for upward growth of ~ 67% in 2021. (See NLS stock analysis on TipRanks) KAR Auction Services (KAR) Last but not least, KAR Auction Services, an auto auction company that operates online and physical marketplaces to connect buyers and sellers. Selling to both commercial buyers and individual consumers, KAR offers vehicles for a variety of uses: commercial fleets, personal travel, and even the second-part market. In 2019, the last year for which full year numbers are available, KAR sold 3. 7 million vehicles for $ 2. A total of 8 billion auction revenues. The ongoing corona crisis, with its social lockdown policies, has dampened car travel and reduced demand for used vehicles in all market segments. KAR stock was down 13% in a year of volatile trading in 2020. In its most recent report for the third quarter of 20, the company had sales of $ 593. 6 million, a decrease of over 15% from last year. However, the third quarter earnings declined less at 23 cents per share (11% year-on-year) and showed a strong sequential recovery after the EPS loss in the second quarter of 25 cents. As the new vaccines promise an end to the COVID pandemic later this year and the lifting of lockdown and local travel restrictions, the medium to long-term outlook for the used car market and for KAR auctions analyst Stephanie Benjamin is improving, according to Truist. The 5-star analyst noted, “Our estimates now assume that volume recovery will be in 2021 vs.. . 4Q20 according to our previous estimates… Overall, we believe that the results of the third quarter show that KAR is implementing the initiatives it controls well, in particular improving its cost structure and switching to a purely digital auction model. Looking ahead, she adds, “… Car loan and lease arrears and defaults have increased and we believe they will serve as a significant tailwind in 2021 with the resumption of repo operations. In addition, repo vehicles generally require additional services that should result in a higher RPU. This influx of supply should also help ease the used price environment and encourage dealers to fill their lots, which remain at a three-year low from an inventory standpoint. In line with these comments, Benjamin sets a price target of $ 32, implying a high upside of 71% for the stock for a year, and rates KAR as a buy. (To see Benjamin’s track record, click here. ) Wall Street is generally ready to speculate on the future of KAR. This is evident from recent reviews which split 5 to 1 buy to hold and the analyst’s consensus turns into a strong buy. KAR sells for $ 18. 61 and its $ 24. The average target price of 60 suggests there is room to grow 32% from that level. (See KAR stock analysis on TipRanks. ) To find great ideas for trading stocks at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a newly launched tool that brings together all of TipRanks’ stock insights. Disclaimer: The opinions expressed in this article are solely those of the presented analysts. The content is intended to be used for informational purposes only. It is very important that you do your own analysis before making any investment.

At least there was the stock market. Despite the Covid-19 pandemic that founded the U.. S.. . The Dow and the rest of the major indices ended the year at or near record highs. As is often the case when there is a huge gap between stock market profits and economic pain, many investors wonder if we have seen a massive financial bubble.

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Shares in the insurer Genworth Financial Inc. . Premarket trading fell 34% on Monday after the company and China Oceanwide Holdings Group Co. . Ltd has provided an update to their merger agreement. « Given the uncertainty about the completion and timing of the remaining steps to complete the Transaction, Genworth and Oceanwide have changed the current » end date « to December 31. December 2020 as part of the merger agreement, « said a joint statement by the companies. The delay since the two companies last agreed on Nov.. to extend. 30 is due to the COVID-19 pandemic and its associated restrictions, as well as the need to finalize funding terms with Hony Capital, Oceanwide said. The merger agreement remains in force but can be terminated by either party at any time. « Oceanwide has announced that it will continue to work towards closing the transaction and Genworth remains open to closing the deal once Oceanwide completes the remaining steps, » the statement said. In the meantime, Genworth is focused on executing its contingency plan, which includes a possible partial IPO of its U.. S.. . Mortgage insurance business that aims to settle approximately $ 1 billion in short-term liabilities out of debt due in 2021. Genworth has already sold its Canadian mortgage insurance business for about $ 1. 8 billion in December 2019 and borrowed $ 750 million from the U. . S.. . MI holding level in August 2020. The company will have approximately $ 1 billion in cash as of December. 31, of which around 340 million. USD to cover the senior notes in February 2021 when they mature. « When we considered our most recent extensions of the merger agreement, the Genworth Board of Directors believed that based on the information provided to us, we are well on our way to a near-term deal, » said non-executive chairman James Riepe in a statement. « Given the recent update, we don’t think a deal can be made anytime soon. « Stocks fell 13. 5% in the last 12 months while the S&P 500 is up 16%.

According to a recent study, the average household saving for Gen X is 64. $ 000, and 81% of that cohort are concerned about funding their golden years. Millennials, increasingly immersed in pension funds to cope with the pandemic, have an average nest egg of just 23. $ 000. Comments like this maybe: “When people ask me what my retirement plan is, I always say, ‘I die, I think’ because this is my actual retirement plan. ”

(Bloomberg) – Brookfield Asset Management Inc. . and a group of investors have offered to purchase a $ 5 stake in Brookfield Property Partners they do not already own. 9 billion are offering to take the real estate company privately. The Canadian alternative asset manager said it made a proposal to acquire the outstanding shares for $ 16. A 50 or about 14% premium on the closing price on Thursday in New York. Brookfield Asset Management already owns around 60% of Brookfield Property Partners with a market value of $ 13. 8 billion at the close of trading on Thursday. Brookfield Property Partners’ stake rose 17% to $ 16. 90 pieces apiece in early trading in New York on Monday, according to an earlier report from Bloomberg News. The privatization of Brookfield’s real estate subsidiary is attractive because it has consistently traded at a discount to the underlying value of its assets, Nick Goodman, chief financial officer of Brookfield Asset Management, said in an interview. « We believe it has been consistently discounted for more than just last year, » said Goodman. “We believed this would be a premium proposition for the market as it has a unique global portfolio and some of the highest quality properties in the world. However, it has made repeated efforts to trade at the net asset value. « While Brookfield Property Partners units traded at lows in March just before the Covid-19 pandemic began, Brookfield waited for unit prices to stabilize to fuel privatization efforts, » Goodman said. The stock also trades at a discount, as much of the company’s value was created by developing long-term projects such as Manhattan West in New York, which is part of the Hudson Yards redevelopment, Goodman added. It can take years for such projects to generate returns for investors. « We have built more conviction over time that the right shape for this is in the private markets, » he said. Cash or Stocks Under the proposal, Brookfield Property Partners investors can choose either the $ 16. 50 per unit in cash or choose 0 instead. 4 of Brookfield Asset Management’s shares or 0. 66 of Brookfield Property’s preferred units. Holders of Class A shares in Brookfield’s other publicly traded real estate company, Brookfield Property REIT Inc. . can participate as soon as they exchange their shares for units from Brookfield Property Partners. Brookfield Property Partners and Brookfield Property REIT confirmed they had received the proposal in a separate statement Monday. Brookfield Property Partners has formed a special committee of independent directors to examine the offer. Investors do not need to take any action right now. Any transaction would require a vote that would require the approval of a majority of minority owners, Goodman said. Brookfield Property Partners owns, operates and develops one of the largest real estate portfolios in the world. At the end of September, the company had total assets of around $ 88 billion, including developments such as London’s Canary Wharf and Brookfield Place in New York. In 2018, Brookfield acquired GGP Inc. . , the second largest mall operator in the U. . S.. . for about $ 15 billion. The pandemic has hurt the company as widespread home stay orders keep workers out of offices and buyers from malls. Brookfield Property Partners’ shares are down more than 20% over the past year, despite doubling from their March lows. Brian Kingston, chief executive of the Brookfield real estate group, said in a letter to shareholders in November that he believed the worst of the crisis was now behind the company and that he continued to see signs of recovery from the economic shutdown. (Updated with response from Brookfield Property Partners on Jan.. paragraph. ) For more articles like this, please visit us on Bloomberg. comSubscribe now to stay ahead of the curve with the most trusted business news source. © 2021 Bloomberg L. . P. .

U. . S.. . Energy company Kinder Morgan Inc announced Monday that its $ 2 billion Permian Highway natural gas pipeline from the Permian Basin in west Texas to the Gulf Coast will be closed on Jan.. January was put into operation. 1. Kinder Morgan said gas has been flowing on the pipe for weeks during the commissioning process. Energy traders said these flows had helped boost prices at the Waha hub in the Permian Basin in recent months.

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