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PayPal Holdings Inc. (PYPL)
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Superior Plus Corp. (SPB)
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Converge Technology Solutions Corp. (CTS)
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Pinterest Inc. Class A (PINS)
Paypal had interest in Pins,or was this never the case?Could you think of any other companies that might be interested in Pins?
What about other companies like SPB and CTS?are they good takeover candidates?
Is brookfield still buying SPB and what is their position right now?
Any other companies that you might think of being take over candidates?
PYPL made a 'soft' offer of $70 for PINS in October 2021. We would still consider it a possible target. It is the 'ready to buy' status of their customers that is the attractive feature. After a weak Q1, the stock is doing better, but well behind the tech sector, only up 2.8% YTD. But it has $2.8B cash and good growth is still expected. We would consider it OK but not overly exciting. Other companies could be interested. We have always thought that SHOP might be interested but it is probably too big of a bite. CTS was up for sale and nothing transpired. It was, probably, just a matter of price. Brookfield has an interest in SPB and we think they would like to buy it all one day. It suits their profile (regular cash flow business, high market share). Their interest is in the form of convertible preferred shares and they have not disclosed more buying. Other targets could be: ILLM, ARE, OTEX, EGLX, DOC
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in PINS.