Leading provider of cutting-edge access control technologies and building product solutions for the self-storage and industrial sectors
Accretive new partnership with special purpose acquisition company, Juniper Industrial Holdings, founded by Honeywell veterans with unique insights into Janus’s technology focused product offerings
Pro forma implied enterprise value of approximately $1.9 billion and anticipated market capitalization of approximately $1.4 billion at closing
Transaction financed through $348 million of cash held in Juniper’s trust account and a $250 million PIPE, which includes investments by Baron Capital Group, Fidelity Management & Research Company LLC, as well as members of Juniper’s Board of Directors, including Dave Cote, Former Chairman and CEO of Honeywell
Clearlake Portfolio Company Janus International to List on New York Stock Exchange through Business Combination with Juniper Industrial Holdings
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didn t matter to us or anyone else. we had the ceo of honeywell dave cote here. he said the order cycle wasn t over. all that mattered were the negatives from boeing competitor airbus. today we find out the problems were with airbus, not the aerospace cycle. boeing earned 1.27 and one of the best revenue growths of any major company. 21%. more important, they raised guidance. people thought they cut. almost 10%. announced it had $374 billion backlog, $13 billion in new net orders. boeing is mopping the floor with airbus and airbus is going the way of europe which means straight into oblivion. next up who will win following the dictum of bob dylan and the times achanging? how about caterpillar? this is a company with a stock nothing short of horrendous. it was down 10% but retreated from $116 to $80. it had been given up for dead because of the global slow down. what happens if the cat chose not to show? that s what it seemed like after the magnificent quarter, a record. along
hallelujah role reversals frontsies-backsies. whatever you want to call it. the market bucked three days of downturn, but the dow finally finished up 59 points. okay, the s&p edged down. nasdaq dipped. but on the strength of seller dweller, they took up the market. the dow. they are suddenly in the hunt for some third quarter playoff spots. today we saw what happens when beaten down or overlooked stocks that have been dogged, bow wows report decent numbers. [ applause ] they can run faster and further than anyone thought possible. exhibit a is boeing. for weeks i have been telling you they have been doing well. nobody s listening. in fact, they are listening to airbus. the european competitor. they have been telling everyone aircraft orders were weakening and the aerospace cycle was over. didn t matter to us or anyone else. we had the ceo of honeywell dave cote here. he said the order cycle wasn t over. all that mattered were the negatives from boeing competitor airbus.