TOP IDEAS: Friendly takeover proposal for
WANTED Technologies (TSXV: WAN) by NYSE-listed company unlocks shareholder
value and provides instant liquidity.
Note: Investorfile's share price
accumulation target of $0.55 for WANTED Technologies Corp. was reached on
August 9, 2013. For the record, we do not revise share price targets for our
Top Ideas - Small Cap Value Stocks. We have positioned our blog to be one of
the first providers for a pragmatic perspective of a small cap company stock's
potential worth, where there may be uncovered value that has been largely
overlooked by the investment community.
It was just 56 days ago when we suggested
in our blog post that any one of the small cap stocks on Investorfile's Top
Ideas list – Small Cap Value could be subject to a takeover bid in the future
(See: Takeovers become an eventuality for Investorfile’s Top Ideas.) The future
is here for WANTED Technologies Corp. (TSXV: WAN - $1.76).
WANTED Technologies provides real-time
business intelligence for the Human Capital (HC) marketplace. Corporate and
government clients use WANTED Analytics to find sales leads, analyze employment
trends, gather competitive intelligence, forecast economic conditions and
source hard-to-fill positions. The Company provides its cloud-based information
tools via subscriptions to its customers in North America
and abroad, supporting its recurring revenue business model.
On the morning of September 11, it was
announced that WANTED technologies had entered
into a definitive agreement under which NYSE-listed CEB Inc. is to acquire all
of WANTED Technologies' issued and outstanding common shares. Shareholders of
WANTED Technologies will receive cash consideration of C$1.79 per share. The proposed takeover is subject
to approval at a special meeting of
WANTED Technologies shareholders expected to be held on or about October 29, 2015.
CEB is a best-practice
insight and technology company which develops innovative solutions to drive
corporate performance. CEB equips leaders at more than 10,000 companies with
the intelligence to effectively manage talent, customers and operations.
At Investorfile we believe that investing
in undervalued small cap companies that are fundamentally strong can be very
rewarding. But, more often than not, a shareholder value–enhancing event like a
takeover of such companies can generate significant premiums to the small cap’s
stock price and, just as important, instant liquidity for such investments.
For the readers of the Investorfile blog
who invested in the shares of WANTED Technologies, the pending takeover looks
to be a very rewarding financial outcome. Since we first introduced the Company
as a small cap value investment opportunity about 3-years ago at C$0.31 (See: WANTED
Technologies: A small cap that is delivering sales growth, profits and yet is
still value priced), today CEB’s proposal to acquire WANTED
Technologies values this stock 478% higher at C$1.79.
To date, including WANTED Technologies, 4
of the 14 Top Ideas’ profiled in the Investorfile blog have been subject to
takeover or a privatization shareholder value-enhancing event. Will there be
more? In our opinion, 100% yes. Who on our Top Ideas list will be next? That
will be the subject of a future Investorfile blog post.
Wanted Technologies website:
www.wantedtech.com
Author ownership disclosure: TSXV: WAN -
YES
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This article is for informational purposes only. This article is based on the
author's independent analysis and judgment and does not guarantee the
information's accuracy or completeness. The information contained in this
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Investorfile.com is not engaged in an investor relations agreement with Wanted
Technologies Corp. nor has it received any compensation from Wanted
Technologies Corp. for the preparation or distribution of this article.
The author of this article has acquired and may trade shares of Wanted
Technologies Corp. through open market transactions and for investment purposes
only. |