Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating
Juniper Industrial Holdings, Inc. ( JIH or the Company ) (JIH) relating to its proposed merger with Janus Midco, LLC. Under the terms of the agreement, JIH will acquire Janus through a reverse merger, with Janus emerging as a publicly traded company.
The investigation focuses on whether Juniper Industrial Holdings, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.
Is Juniper Industrial Holdings Inc. (JIH) A Smart Long-Term Buy?
Bernzott Capital Advisors, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 10.27% was recorded by the fund for the Q1 of 2021, below the Russell 2000 Value and Russell 2500 Value Index that delivered a 21.17% and 16.83% returns respectively for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Bernzott Capital Advisors, in their Q1 2021 investor letter, mentioned Juniper Industrial Holdings, Inc. (NYSE: JIH), and shared their insights on the company. Juniper Industrial Holdings, Inc. is a Chatham, New Jersey-based blank check company that currently has a $558.03 million market capitalization. Since the beginning of the year, JIH delivered a 20.82% return, extending its 12-month gains to 33.54%. As of May 05, 2021, the stock closed at $12.94 per share.
SPAC Wrap: Investors Should be Happy with a Merger-less Monday; Announced Deals Take a Hit
Merger-less Monday was a bit of a surprise today, but given SPACs with announced deals took a hit, that s probably a good thing. Look for activity to pick up as the week progresses though.
Author:
Apr 12, 2021
Even given the otherwise sideways day in the markets (S&P up, DJIA down, Nasdaq 100 down), some investors will be a bit disappointed in the SPAC activity. No deals were announced, SPAC IPOs stayed on the sidelines, and we saw only two prospective new SPACs file S-1s.
Those invested in SPACs with announced deals took a hit today though. The majority of units and common shares were down, with some down significantly (e.g. PSAC / Faraday; see full list below). Investors will need to be careful about deciding when to get in and out of SPACs once the deal is announced. While there have been some good post-deal pops on great execution (e.g. DMYD and MUDS w/ its NFT play announced today),
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Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) portfolio company Janus International Group, LLC (“Janus” or the “Company”), a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other industrial sectors, announced today that Christine DeBord has been named President of Nokē
® Smart Entry (“NSE” or “Nokē”) and Terry Bagley has been named President of Industry & Partner Relationships for Janus. Both Ms. DeBord and Mr. Bagley will report to Morgan Hodges, Executive Vice President of Janus. The appointments mark Janus’s efforts to continue driving organic growth by supporting its access control technology business as the Company continues down the path toward entering the public markets, expected in the second quarter of 2021.