CFOs Share Their Favorite Reads of 2020
Finance chiefs took time during a busy year to read survival stories, thrillers and the history of cheating in America, among other topics Photo: Ryan Phillips/Zuma Press By Dec. 24, 2020 5:30 am ET
Chief financial officers raised billions of dollars this year to shore up their companies’ balance sheets. They cut costs, revamped revenue forecasts and pivoted strategies to help their businesses navigate the coronavirus pandemic.
Because of that, many of them didn’t have a lot of time to read for pleasure. When they did, some chose books that offered new perspectives on work and society and in some cases helped them relax.
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When considering iconic global brands to invest in,
lululemon athletica (NASDAQ:LULU) are certainly two of the first that come to mind. The organizations generated bountiful success for shareholders over the years and are well set up to continue doing so.
Which is the better investment? Upon examination, it is abundantly clear that both are fantastic options. Here s why:
Nike s promising transition
Image source: Getty Images.
In Nike s most recent quarter, sales grew by 9% with earnings growing 11% both year over year. On the surface, this growth seems somewhat modest. When considering many of Nike s wholesale partners (department stores) are operating under capacity restrictions or closed altogether, this growth becomes much more impre
RealPage Stockholders to Receive $88.75 Per Share in Cash
Transaction Provides Significant Premium to RealPage Stockholders
RICHARDSON, Texas & SAN FRANCISCO–(BUSINESS WIRE)–RealPage, Inc. (NASDAQ: RP), a leading global provider of software and data analytics to the real estate industry, today announced it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, in an all-cash transaction that values RealPage at approximately $10.2 billion, including net debt.
Under the terms of the agreement, RealPage stockholders will receive $88.75 in cash per share of RealPage common stock upon closing of the transaction. The purchase price represents a premium of 30.8% over RealPage’s closing stock price of $67.83 on December 18, 2020, a premium of 36.5% over RealPage’s 30-day volume-weighted average share price through that date, and a premium of 27.8% over RealPage�
Press release content from Business Wire. The AP news staff was not involved in its creation.
TPG and TA Associates Close on $1.6 Billion Planview Acquisition from Thoma Bravo
December 18, 2020 GMT
AUSTIN, Texas & SAN FRANCISCO & FORT WORTH, Texas & BOSTON (BUSINESS WIRE) Dec 18, 2020
TPG Capital, the private equity platform of global alternative asset firm TPG, and TA Associates, a leading global growth private equity firm, today announced they have finalized the previously announced acquisition of Planview, a global leader in Portfolio Management and Work Management. Planview’s previous majority shareholder, Thoma Bravo, has retained a minority interest in the company.
In conjunction with the close of the transaction, Planview announced that CEO Greg Gilmore has decided he will step down from his role in the coming months after nearly 25 years of service. The process is not immediate, and Gilmore will continue to oversee the company’s day-to-day operations throughout the
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Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy.
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Wall Street can be hard to please. Investors pushed
lululemon athletica s (NASDAQ:LULU) stock lower following the chain s fiscal third-quarter report, even though sales and profit figures each surpassed expectations. Investors looked right past that success to focus on a few warning signs about the near future that imply a rocky period for the athleisure giant s business.
CEO Calvin McDonald and his team outlined those issues in a conference call with analysts. Executives stressed the fact that they re likely temporary and that lululemon s long-term outlook is as bright as ever.