World News – CA – People Corporation to be acquired by Goldman Sachs Merchant Banking

Transactions facilitate the next chapter in People Corporation’s growth and expand its ability to further improve the delivery of market-leading solutions to its customers

The cash payment offers People Corporation shareholders significant and immediate value: the purchase price equates to a 37% premium over the 20-day volume-weighted average price per share for March 11th. December 2020 period and a premium of 36%. Premium on the closing price on 11. December 2020

WINNIPEG, Manitoba, Dec.. . Sep. 14, 2020 (GLOBE NEWSWIRE) – People Corporation (the « Company ») (TSX Venture: PEO) announced today that it has entered into an agreement (the « Agreement ») under which mutual funds will be managed by Goldman Sachs, The Merchant Banking Division (the “Buyer” or “Goldman Sachs”) will acquire all of the issued and outstanding common stock (the “Shares”) in the Company for $ 15. 22 per share in cash (the “purchase price”), which corresponds to a total capital value of approx. 1 USD equals. 13 billion (the « Transaction »). The purchase price corresponds to a premium of 37% compared to the volume-weighted 20-day average price per share for the. December 2020 and a premium of 36% compared to the closing price on 11. December 2020.

Laurie Goldberg, Executive Chairman and Chief Executive Officer of People Corporation, said, « This transaction will add tremendous value to our shareholders while also creating the conditions for our team to write the next chapter of People Corporation. As a privately held company with a dedicated, well-funded, long-term owner, People Corporation will accelerate its level of talent and technology, which is consistent with its commitment to delivering industry-leading group benefits, group pension and HR solutions to every customer and commitment that is backed by its world-class consultants is provided on its national platform. I look forward to continuing to lead our excellent team in the future. ”

Scott Anderson, chairman of the People Corporation’s Special Committee of Independent Directors, said, « This transaction is an excellent opportunity for People Corporation’s shareholders, as well as for the company’s customers, partners, employees and other stakeholders. The transaction recognizes the value of the growth, success and long-term track record of People Corporation in generating shareholder returns. The purchase price represents a substantial premium over current and historical trading prices for People Corporation stock. We are confident that the partnership with Goldman Sachs will enhance the company’s ability to pursue its long-term vision and ensure that the People Corporation continues to lead the industry. « 

Anthony Arnold, Managing Director of Goldman Sachs, said: « We are excited to be part of the next phase in People Corporation history. The company has a compelling client portfolio with seasoned consultants and a national scale that has helped it achieve outstanding organic growth over time. There is also an ongoing and worthwhile investment opportunity to deploy capital and gain access to the People Corporation’s core and adjacent markets. We look forward to working with Laurie and the rest of the management team to build on what has made the People Corporation so successful. People Corporation and Goldman Sachs are fully aligned with the People Corporation’s growth strategy and are committed both organically and through acquisition. People Corporation continues to be owned by Mr.. . Goldberg and the current executive team from corporate headquarters in Winnipeg, Manitoba and over 40 offices across the country. No changes are expected in the People Corporation’s personnel, service model, standards, or operating principles.

The Transaction is the result of a review of strategic alternatives for the Company, taking into account the interests of all stakeholders, including shareholders, customers, partners and employees, conducted by a special committee of independent directors of the People Corporation (the « Special Committee ») ” ). The review resulted in a comprehensive process that focused on maximizing value for People Corporation’s shareholders and included discussions with a wide range of potential strategic buyers and financial sponsors. The transaction is the result of this process and is unanimously endorsed by the board of directors of People Corporation (the « Board of Directors »). .

The conclusion of the agreement was based on the unanimous recommendations of the Board of Directors and the Special Committee and followed a comprehensive review and analysis of what is in the best interests of People Corporation, including its shareholders. The conclusions and recommendations of the Select Committee and the Governing Body are based on a number of factors including, without limitation, the following:

Convincing Value to People Corporation Shareholders – The cash payment to be made to shareholders represents significant value to shareholders: º 36% premium on People Corporation’s trading price per share on the TSXV on November 11th. December 2020 and 37% premium on the shareholders Volume-weighted 20-day average price per share on the TSXV for the 11 December 2020. December 2020 period. º 28% premium on all-time high trading high for People Corporation stock.

Value and liquidity security – Payment to shareholders in accordance with the terms of the agreement will be made exclusively in cash, which provides shareholders with security and immediate liquidity.

Fairness Opinions – Each of William Blair and CIBC Capital Markets has submitted an opinion to the Special Committee and the Board of Directors that as of April 13th. December 2020, the consideration for holders of People Corporation shares in the From a financial perspective, the transaction will be fair to such holders (other than rollover shareholders as defined below), subject to the respective limitations, qualifications, assumptions and other matters set forth in these statements.

The transaction is being carried out under a contractual arrangement under the Business Corporations Act (Ontario). . The completion of the Transaction requires the approval of the shareholders at a special meeting of the Company’s shareholders (the « Special Meeting »). . The Directors and the Senior Management Team have established customary arrangements to vote their shares for the transaction with certain exceptions. Mr. Goldberg, along with the rest of the senior management team (collectively the « Rollover Shareholders »), agreed to roll some of their equity into shares of a company controlled by the buyer.

The transaction constitutes a « business combination » within the meaning of MI 61-101. The transaction therefore requires the approval of the owners of the majority of the votes cast at the special meeting, with the exception of the shares held by the rollover shareholders, as well as the approval of 66 2/3% of all votes cast at the special meeting. The transaction is subject to certain regulatory approvals and closing conditions customary for a transaction of this type, as well as the approval of the Ontario Supreme Court. The transaction will be funded through a combination of committed debt and equity financing, subject to the terms of these commitments. The transaction is expected to close in the first calendar quarter of 2021.

The Agreement contains customary non-solicitation provisions, subject to the customary « escrow » that allows People Corporation to review and adopt an overriding proposal if it is not adopted by the purchaser.

People Corporation expects to hold the special meeting of shareholders to review the transaction in February 2021 and mail the circular with management information for the special meeting in January 2021. Further details of the terms of the transaction are set out in the agreement publicly filed by the Company on its profile at www. Sedar. com. For more information on the terms of the agreement, the background to the transaction, the reasons for the recommendations of the Special Committee and the Board of Directors, and the participation and voting of shareholders in the Special Meeting, please refer to the Circular with the Management Information for the Special Meeting, which is also filed on www. Sedar. com. Shareholders are encouraged to read this and other relevant materials when they become available.

William Blair and CIBC Capital Markets are serving as financial advisor to the company. Stikeman Elliott LLP is acting as legal advisor to the Company and Davies Ward Phillips & Vineberg LLP is acting as the independent legal advisor to the Special Committee.

Goldman Sachs Canada and BMO Capital Markets are serving as joint financial advisers, and Osler, Hoskin & Harcourt LLP and Sullivan & Cromwell LLP are serving as legal counsel to Goldman Sachs Merchant Banking.

People Corporation is a leading provider of group benefits, group pension and personnel services with around 1. 100 talented professionals serving organizations across Canada. We bring in-depth industry and specialist knowledge, proprietary technology platforms and an innovative suite of services to every customer engagement, delivering uniquely valuable insights and solutions to make a positive difference for your people and your bottom line. For further information go to www. People Corporation. com.

The Goldman Sachs Group, Inc. Was founded in 1869. is a leading global investment banking, securities and investment management company. The Goldman Sachs Merchant Banking Division (MBD) is the primary hub for the company’s primary long-term investment activity. MBD is one of the world’s leading private equity investors with investments in private equity, infrastructure, private debt, growth capital and real estate.

Certain statements in this press release may be « forward-looking statements » within the meaning of applicable Canadian securities legislation. In particular, and without limitation, this press release contains forward-looking statements and information regarding the anticipated benefits of the proposed transaction for People Corporation, its employees, business partners, shareholders and other stakeholders, including future financial and operational results, plans, goals, expectations and intentions of the purchaser or the buyer of People Corporation and the anticipated timing of the special meeting and completion of the transaction. Except as required by Canadian securities laws, People Corporation assumes no obligation to update or revise any forward-looking statements as a result of new information, future events, or otherwise. By their very nature, forward-looking statements are subject to numerous risks and uncertainties and are based on several assumptions that create the possibility that actual results could differ materially from the expectations of People Corporation expressed or implied in such forward-looking statements that the goals, plans, strategic priorities and business prospects may not be met. As a result, People Corporation cannot guarantee that any forward-looking statement will occur or, if so, what benefit People Corporation will obtain.

With respect to forward-looking statements and information regarding the anticipated benefits and timing of completion of the proposed Transaction, People Corporation has provided such statements and information citing certain assumptions it currently believes to be reasonable, including assumptions regarding the Ability of the parties to obtain necessary regulatory, judicial and shareholder approvals in a timely manner and on satisfactory terms; the ability of the parties to meet in a timely manner the other conditions of completion of the transaction and other expectations and assumptions relating to the proposed transaction. The anticipated dates provided are subject to change for a number of reasons, including the need for regulatory, judicial and shareholder approvals, the need to extend the deadlines for the fulfillment of the other conditions for the completion of the proposed transaction, or the ability of the Board of Directors to do so consider and approve a considerate proposal for People Corporation subject to People Corporation’s compliance with its obligations under the Agreement. While People Corporation believes that the expectations contained in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove correct, that the proposed transaction will complete, or that it will be completed on the terms set forth in this press release. Accordingly, investors and others are cautioned not to place undue reliance on forward-looking statements.

The risks and uncertainties associated with the nature of the proposed transaction include, but are not limited to, failure of the parties to obtain necessary approvals from shareholders, regulators and courts or otherwise meet the conditions for the completion of the transaction. Failure by the parties to obtain such approvals or to comply with these conditions in a timely manner; the ability of the buyer to obtain the anticipated debt and equity financing in accordance with the applicable letters of commitment or otherwise secure favorable terms for alternative financing; significant transaction costs or unknown liabilities; the ability of the Directors, subject to the People Corporation’s compliance with its obligations under the Agreement, to consider and approve a considerate proposal for the People Corporation; failure to realize the anticipated benefits of the transaction; and general economic conditions. Failure to obtain the required approvals from shareholders, regulators and courts, or the parties fail to otherwise meet the conditions for entering into the Transaction or entering into the Transaction, may result in the Transaction not closing on the proposed terms or at all. Additionally, if the Transaction does not complete and People Corporation continues to operate as an independent entity, there is a risk that the announcement of the Transaction and the provision of significant resources by People Corporation to complete the Transaction could affect its business and strategic relationships, including to future and potential employees, customers, suppliers and partners, results of operations and activities in general, and could have a material adverse effect on current and future business, financial condition and prospects. As a result, People Corporation cautions readers not to place undue reliance on the forward-looking statements and information contained in this press release. People Corporation does not intend, and disclaim any obligation, to update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Shares of XPeng Inc. . rose 3. 4% in premarket trading on Monday after Deutsche Bank analyst Edison Yu was optimistic about the China-based electric vehicle maker. Yu began reporting on XPeng with a Buy recommendation and a price target of $ 58 which is $ 30. 9% above Friday’s closing price of $ 44. 31. He said Yu is part of the China-based EV manufacturer « Fab Four, » which includes Nio Inc. Belongs. , Li Auto Inc. . and WM Motor Technology Group Co. . GmbH. who represent a rising class of automakers backed by big tech companies and local governments looking to disrupt the auto industry. « [W] We believe that our thesis has prevailed both locally with increasing sales and brand awareness as well as in the capital markets, where all four companies have significantly increased their ratings, » Yu wrote in a message to customers. « Together with Tesla, we believe that these automakers are increasingly destined to enter the Chinese auto market, backed by an investor base willing to support that endeavor, leading us to expect multiple winners in the new EV world order. « XPeng’s stock is up 116. 4% in the last three months while the S&P 500 won 8. 3%.

Shares of Nio Inc. . fell again on Monday after the China-based electric vehicle maker’s stock offering, which was increased by 13%, was valued at a discount.

Oracle Corporation (NYSE: ORCL) has joined the list of technology companies with headquarters outside of California, Bloomberg reported. What Happened: The computer tech giant announced on Friday that it had relocated its headquarters from Silicon Valley to Austin, Texas. « Oracle is implementing a more flexible workplace policy and has moved its corporate headquarters from Redwood City, California to Austin, Texas. We believe that these steps position Oracle best for growth and give our employees more flexibility about where and how they work, « CNBC quoted the company spokesman as saying. Oracle believes that implementing a « more modern approach to work » will improve the quality of life and work approach of employees. Other offices in California, Massachusetts, Denver, Orlando, Seattle, and Florida will continue to operate officially, according to Oracle. Why It Matters: Tech companies including automaker Tesla Inc (NASDAQ: TSLA) and technology pioneer HP Inc (NYSE: HPQ) have fled California amid the pandemic. « This has become an absolute tidal wave, » said Greg Abbott, Texas governor. « They are looking for a state that gives them the independence, the autonomy and the freedom to set their own course. « He emphasized lower business costs and fewer taxes. « I’ve been on the phone with CEOs across the country weekly, and it’s not just California. We are working across the board because the times of COVID have shown a lot. You have suspended . . . that, for example, you really don’t have to be in Manhattan to be in the trading or investing business. « Price Action: Oracle stock was unchanged in Friday’s Postmarket trading session, falling 0. 017% close at $ 60. 60. For More Information From Benzinga * Click here to see how Benzinga options trade. * USA expires TikTok deal deadline and talks continue (C) 2020 Benzinga. com. Benzinga does not offer investment advice. All rights reserved.

The two companies announced on Saturday that they had closed a $ 39 billion deal for Alexion.

In the midst of COVID-19, Congress passed changes to help people use retirement accounts to stay afloat. Some are only valid for 2020. Others will take longer.

The Chinese government is trying to contain the power of some of China’s most influential internet companies. The country’s top market regulator announced Monday that it had fined Alibaba and China Literature, Tencent’s e-book spin-off, for failing to report their previous acquisition deals for clearance. The cases concern Alibaba’s stakes in the large Chinese shopping center Intown and the acquisition of the film studio New Classics Media by China Literature.

What is a dividend and which companies have the best returns? Read on for an introduction to the best way to approach this investment method.

WASHINGTON (Reuters) -Pfizer’s chief executive officer Albert Bourla said Monday that the drug maker has not yet signed an agreement with the United States to provide 100 million more coronavirus vaccine doses in 2021. Bourla told CNN in an interview that Pfizer is still negotiating with the U.. S.. . whether the vaccine can be dispensed in the second or third quarter of the year. « The U. S.. . The government wants them in the second quarter so is working very closely with them to make sure we find ways to produce more or allocate the cans in the second quarter, « Bourla told CNN.

On CNBC’s Mad Money Lightning Round, Jim Cramer said he would stick with Tortoise Energy Infrastructure Corp.. (NYSE: TYG) while warning that he doesn’t know what’s in it because it’s a holding company. Instead of Nano Dimension Ltd – ADR (NASDAQ: NNDM), Cramer would buy HP Inc (NYSE: HPQ). . He thinks 3D printing is a crowded field. Cramer would put United Airlines Holdings Inc (NASDAQ: UAL) on hold, expecting a bad couple of quarters. He wouldn’t chase the stock. NVIDIA Corporation (NASDAQ: NVDA) is incredibly well run, he said, and would hold on to the stock. Fastly Inc (NYSE: FSLY) had a decent but not great quarter, Cramer said. Turns out that too much of it was TikTok that the company needs to get back, he said. JD. Com Inc (NASDAQ: JD) had a great quarter, so Cramer is slowly warming to the stock. He also thinks U. . S.. . Relations with China will improve. Instead of VIATRIS ORD (NASDAQ: VTRS), Cramer would buy Bristol-Myers Squibb Co (NYSE: BMY). . See More From Benzinga * Click Here For Benzinga Option Deals * ‘Mid Term Review’ Dealers See Benefits At Caterpillar, General Motors And Honeywell * Scott Nations: Watch Out For Bullish Copper Data In The Coming Week (C) 2020 Benzinga. com. Benzinga does not offer investment advice. All rights reserved.

Elon Musk urges his company to step on the gas in order to accelerate production. What Happened: In an email received from EV news site Electrek, the CEO of Tesla Inc (NASDAQ: TSLA) says that current demand for its products is exceeding production capacity in what is referred to as a « high-class problem ». « To ensure we get the best possible result and gain the trust of the customers and investors who have entrusted us with their trust and hard-earned money, we need to ramp up production as much as possible for the remainder of this quarter. « says the email to the employees. He adds that he would only send this type of email « if it really mattered. « Why It Matters: This is the second time Musk has approached the company’s employees this month. On Dec. . 1 he spoke in an email about the importance of careful spending as the stock hit new highs. The Tesla founder said investors have confidence in the company’s future earnings, adding that « our stock will be instantly crushed like a casserole under a sledgehammer if at any point it concludes that it doesn’t happen becomes! » very low « at around 1% for the past year. Tesla is aiming to hit a record 500 as part of its year-end goals. 000 vehicles to be delivered. Price action: Tesla shares closed at $ 609. 99, down 2. 72% on Friday. 0 was traded. 39% lower at $ 607. 64, in the post-market session. Image: Photo shared on Elon Musk’s Twitter pageSee More From Benzinga * Click To Buy Options From Benzinga * As Oracle becomes the newest company to move to Texas, Governor says he’s spoken to « CEOs across the country. » * Buyers of Tesla shorts are still waiting for delivery after 5 months: Financial Times (C) 2020 Benzinga. com. Benzinga does not offer investment advice. All rights reserved.

AstraZeneca has agreed to buy U. S.. . $ 39 billion Alexion Pharmaceuticals is focusing on rare diseases and immunology as the British pharmaceutical company is recognized as one of the leading developers of a COVID-19 vaccine.

Novavax is playing around a coronavirus vaccine, vs.. . Giants like Pfizer and other rivals like Moderna. However, NVAX stock was volatile. Is Novavax a Buy?

Apple Inc said Monday it is investigating whether a Taiwanese contractor, Wistron Corp, violated supplier guidelines at an iPhone manufacturing facility in India after some workers ransacked the facility in protest of unpaid wages. « We have teams on site and immediately launched a detailed investigation into Wistron’s Narasapura facility, » Apple said in an email, adding that it was a matter of ensuring that everyone in its supply chain is treated with dignity and respect.

(Bloomberg) – Huntington Bancshares Inc. . will acquire TCF Financial Corp. An all-stock deal valued at nearly $ 6 billion makes it one of the largest regional banking connections this year. The merger will increase Huntington’s assets in Columbus, Ohio to approximately $ 168 billion, bringing it closer to state rivals Fifth Third Bancorp and KeyCorp. According to the company, the price is about 11% above the closing price of TCF Financial on Friday. Huntington’s with a market value of $ 13. $ 1 billion and $ 120 billion in assets, operates a network of 839 offices in seven states of the Midwest, the company said in a statement on Sunday. Detroit-based TCF Financial was valued at $ 5. $ 3 billion as of Friday with assets of $ 48 billion. It has a network of 475 offices in states including Michigan, Illinois, and Minnesota. « Together we are able to do things that neither of us can do independently, » said Steve Steinour, Huntington’s chief executive officer, in an interview. “You get scaling. “Business between financial services companies is increasing as U. . S.. . Regional lenders compete with giants like JPMorgan Chase & Co. . and Bank of America Corp. . moving to new states spending billions annually on digital offerings. Last month, PNC Financial Services Group Inc. . agreed to purchase the US banking operations of Banco Bilbao Vizcaya Argentaria SA. S.. . for $ 11. 6 billion, the largest U. . S.. . Banking business this year. The 2019 combination of BB&T Corp. . and SunTrust Banks Inc. . $ 28 billion was seen as the possible start of a new wave of mergers with the potential to turn regional banks into national players. Then the Covid-19 pandemic hit, raising concerns about a possible spike in credit losses and the prospect of years of persistent low interest rates hurting revenues. Huntington’s disease stocks trade at 1. 2 times book value, compared to 0. 96 for TCF Financial. The holding company will be based in Columbus along with the consumer bank, while the commercial bank will be headquartered in Detroit. According to the statement, the merger should be completed in the second quarter. Huntington’s shares fell 3. 9% up to $ 12. 43 at 9:49 a. m. in New York while TCF Financial jumped 5. 2% up to $ 36. 59. « Both groups believe the economy is recovering, » Steinour said. « This is an important turning point and that is why it was important now. Goldman Sachs Group Inc. . was Huntington’s financial advisor on the deal, while Stifel Co. . Keefe, Bruyette & Woods represented TCF Financial. (Updates with releases in the ninth paragraph. For more articles like this, please visit us on Bloomberg. comSubscribe now to stay one step ahead with the most trusted business news source. © 2020 Bloomberg L. . P. .

AbbVie stock is trading at a two-year high after its immunology drug Rinvoq outperformed Regeneron’s Dupixent in a closing phase. Is AbbVie Stock a Buy Now?

If there is one thing Wall Street hates is uncertainty. And there was a lot of uncertainty between the COVID-19 pandemic and the presidential election. So it’s no wonder that many investors have marginalized.
Source: Shutterstock

It should also come as no surprise that there has never been so much money on the sidelines – almost $ 5 trillion in fact. This is well above the record of $ 3. 8 trillion cash reset in January 2009 during the financial crisis!
Consumers also kept their wallets closed. Typically, Americans keep 7% to 8% of their income in savings. However, this year that rate increased by over 33%. According to the FDIC, more than $ 2 trillion has been stored in individual bank accounts. InvestorPlace – Stock Market News, Stock Advice & Trading Tips
That money came from the sale of stocks and massive government incentives pumped into the economy. As you may recall, this is U. . S.. . Government passed a $ 2. 2 trillion stimulus packages in March. Part of that package was a check for 1. $ 200 for American taxpayers with an Adjusted Gross Income of 75. $ 000 or less on your 2019 tax return.
Interestingly, people between 35 and 35. 000 and 75. 000 US dollars have increased their investment activity in the stock market by a whopping 90%.
Also, to keep the economy going, the Federal Reserve nearly threw in the sink. The Fed announced in March that it would not limit its quantitative easing program to USD 700 billion. The Fed also pledged to buy as many government bonds and mortgage-backed securities as possible « in the amounts » necessary to help stabilize the U.. S.. . economy. And it would buy commercial mortgage-backed securities from agencies.
Thanks to this unlimited quantitative easing, the Dow and S&P 500 will continue to top the 10-year treasury, which is just under 1%. . By comparison, the Dow and S&P 500 currently make about 2. 5% and 1. 9%.
And now that much of the uncertainty is being pushed out of the market, cash is pouring in from the sidelines. That drove the stock market up. The three main indices have hit record highs and the Dow has finally hit its 30 milestone. 000 exceeded.
Additionally, stocks tend to rise higher when the money supply is high. It’s never been this high, so there’s a definite upward trend in 2021 – and significant potential for big wins.
For this reason, I will sit down with my InvestorPlace colleague Louis Navellier on Thursday, April 17th. December at 7 p.m. for a special event of the Early Warning Summit 2021. m. ET.
Exactly a year ago, we launched Power Portfolio 2020 with the aim of providing our members with a robust, diversified equity portfolio that would do well in a wide variety of economic conditions.
I am proud to say that we did just that. As I mentioned yesterday, we closed the portfolio with massive gains of 35%, which blew the Dow’s 6% return over the same period.
Louis and I see several factors that could lead to even bigger profits in 2021, like the marginalized money we discussed today. We will discuss our expectations in detail at the upcoming early warning summit. In the meantime, I’ll be getting back in touch with another trend tomorrow that could lead to big market gains next year. I’m talking about clean energy and infrastructure.
I can’t wait to talk to you in more detail next week. Please don’t hesitate to reserve your spot for our special early warning summit event today. You can do so now by clicking here.
At the time of this writing, Matthew McCall held positions (either directly or indirectly) in any of the securities identified in this article.
Matthew McCall left Wall Street to actually help investors – by introducing them to the world’s biggest, most revolutionary trends before anyone else. Click here to see what Matt has up his sleeve right now.
More from InvestorPlace

Why everyone is investing in 5G WRONG

Top Stock Picker Reveals Its Next 1. 000% winner

Radical new battery could degrade oil markets

The article A tidal wave of cash is about to enter the market first appeared on InvestorPlace.

Every week Benzinga conducts a sentiment poll to find out what traders are most excited about, interested in or thinking about in managing and building their personal portfolios. We asked a group of over 300 investors if Advanced Micro Devices, Inc. . (NASDAQ: AMD) will reach $ 200 by 2022. AMD stock is trading around $ 91 at the time of publication, after hitting a 52-week low of $ 37. AMD Stock Forecast AMD develops and manufactures microprocessors for the computer and consumer electronics industry. Most of the company’s revenue comes from CPUs and GPUs. On Oct. . 27, AMD reported that revenue was up 56% year over year to $ 2. 8 billion. Compared to the previous quarter, growth was 45%. AMD attributed performance to its computing and graphics segments. Given AMD’s demand for microprocessor design and production, 70% of investors said they were confident that AMD stock could hit $ 200 by 2022. An investor said AMD has « a growing consumer base with more attractive prices and better overall performance ». « The respondent concluded by saying, » Because of their pricing and performance, AMD’s cards are far more attractive to the average person. I believe AMD will improve revenue and increase its market share through 2021. « Benzinga has been publishing actionable financial news and curating high quality financial data sets since 2009. Learn more about receiving stock and market data via APIs today. This survey was conducted by Benzinga in December 2020 and included responses from a diverse population of adults aged 18 and over. Participation in the survey was entirely voluntary, with no incentives to potential respondents. The study reflects results from over 300 adults. See More From Benzinga * Click Here For Benzinga Option Deals * Will Microsoft’s Stock Hit 0 By 2022? * Will Tesla’s shares hit $ 1,000 (again) by 2022? (C) 2020 Benzinga. com. Benzinga does not offer investment advice. All rights reserved.

Goldman Sachs, People, Merchant Bank