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[ad_1] Ace investor Rakesh Jhunjhunwala expects the demand for money to increase in the coming years as India’s economy picks up steam, making him extremely bullish on the banking sector, including the “so-called inefficient banks”. [ad_2] Source link

[ad_1] We haven’t seen a deal on Nutiva Coconut Oil in ages!! Amazon currently has this two-pack of Nutiva Organic Coconut Oil for just $27.41 shipped when you clip the $5.40 e-coupon and check out through Subscribe & Save. That’s just $13.71 per HUGE 54-ounce jar! This is a great deal! And this stuff is SO versatile. Note: Once your order ships, you can go into your Amazon account and cancel your subscription if you don’t want recurring orders. Thanks, Erica! [ad_2] Source link

[ad_1] Splinterlands Announces Partnership with Yield Guild Games [ad_2] Source link

[ad_1] Investment trend in India 2021: Individual investors taking more interest in the stock markets is an interesting trend. In the last 1 year, a significant increase in retail participation in the Indian markets, aided by huge market rally, has been witnessed. [ad_2] Source link

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[ad_1] Thunderstorms batter Chicago area, leave thousands in the dark [ad_2] Source link

[ad_1] Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bulls continues to control Dalal Street on Tuesday morning as Sensex started the day’s trade at fresh record highs. Broader markets outperform. [ad_2] Source link

[ad_1] The post Raven Stock Soars 50% on CNH Buyout appeared first on Millennial Money. Raven Industries (NASDAQ: RAVN) kicked off the new week by announcing that it is being acquired by CNH Industrial NV (NYSE: CNHI) in a $2.1 billion deal. The news sent Raven shares up by a whopping 50% compared to Friday’s closing price. The deal will help CNH, a leading manufacturer of agricultural equipment, expand its business in several ways. Here’s what agriculture investors need to know. Creating an agricultural powerhouse CNH has agreed to scoop up Raven for $58 per share, representing a 34% premium to the 4-week volume-weighted average price. The move comes as CNH is preparing to divest its Iveco vehicle business, which is less profitable compared to other agricultural equipment.  “Precision agriculture and autonomy are critical components of our strategy to help our agricultural customers reach the next level of productivity and to unlock the true potential of their operations,” CNH CEO Scott Wine said in a statement. “Raven has been a pioneer in precision agriculture for decades, and their deep product experience, customer driven software expertise and engineering acumen offer a significant boost to our capabilities.” CNH expects the transaction to generate $400 million in run-rate revenue synergies by 2025, translating into an incremental $150 million in EBITDA. There are two types of synergies: cost synergies and revenue synergies. Cost synergies represent operating savings from a merger, while revenue synergies are upselling opportunities when a company acquires a highly complementary business. CNH did not provide any estimated cost synergies.  Raven had approximately $348.4 million in trailing-12-month (TTM) revenue last fiscal year, which closed at the end of January. The company’s agricultural technology is seen as having transformative potential for CNH, although buying Raven will be CNH’s largest acquisition to date. The purchase price is nearly 10% of CNH’s current market cap. The acquisition is not expected to impact CNH’s outlook for 2021 and CNH will fund the transaction with existing cash on hand without needing to take on additional debt. CNH finished the first quarter with over $7 billion in cash on its balance sheet.  In May, CNH raised its full-year outlook. The company now expects revenue to grow 14% to 18% this year, up from its prior guidance of 8% to 12% growth. Free cash flow is forecast in the range of $600 million to $1 billion, compared to the previous expectation of $400 million to $800 million. Looking ahead The transaction is expected to close in the fourth quarter and still needs to be approved by Raven shareholders. Additionally, Wine did not rule out the possibility of future acquisitions, saying that CNH would “absolutely” consider other deals if the company needs to grow faster or boost margins further. The planned divestiture of Iveco, which was first announced in 2019 but faced delays due to the COVID-19 pandemic, is expected to be completed in early 2022. Pick Like A Pro Where to invest $500 right now Before you buy Amazon, or Netflix, or Apple, consider this… The team at Motley Fool first recommended each of those stocks more than a dozen years ago! They discovered Netflix for $1.85 per share, back in the days of DVDs by mail. And recommended Amazon at $15.31 in 2002, before most people were comfortable using credit cards online. And even hit Apple at $4.97 per share, about a month before the release of the very first iPhone. Check out where those stocks are today. The bottom line: a $500 investment in all three of these stocks would be worth more than $200,000 today! And here’s why that’s important: The Motley Fool’s flagship investing service Stock Advisor just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you’ll want to get the full details! Email Address Continue Also opt-in to receive Millennial Money! It’s our newsletter devoted to helping you achieve financial freedom. That means you’ll receive new stock ideas, our favorite side hustles, and much more every single week! By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions. Click here to learn more .tmfsa-text-widget .ecap-widget { padding: 0 !important; border-left: 0 !important; } The post Raven Stock Soars 50% on CNH Buyout appeared first on Millennial Money. [ad_2] Source link

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[ad_1] 'I regret any harm:' Short seller compensates target in rare move [ad_2] Source link