Sterling Check Is An Attractive Merger Arbitrage [Seeking Alpha]
First Advantage Corporation (FA)
Company Research
Source: Seeking Alpha
The company has agreed to be acquired by First Advantage Corporation in a cash and shares deal. The deal is expected to close in the third quarter of 2024 and offers a potential 9.3% internal rate of return for investors. Looking for a portfolio of ideas like this one? Members of Microcap Review get exclusive access to our subscriber-only portfolios. Learn More » Sterling Check ( NASDAQ: STER ) is a firm focused on digital identity services, essentially background checks and other employment related verifications. The firm is almost certainly a beneficiary of technology over time, as the formerly variable costs of labor performing background checks can become fixed costs as those processes become more and more automated. That also improves the moat of the firm, as the costs to start-up a competitor become higher as they shift more to technology and less to labor. However, the underlying business is not the primary reason I'm writing this piece, instead, it's a merger arbitrag
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News
- First Advantage Co. (NYSE: FA) is now covered by analysts at William Blair. They set an "outperform" rating on the stock.MarketBeat
- First Advantage Releases 2024 Global Trends Report [Yahoo! Finance]Yahoo! Finance
- First Advantage Releases 2024 Global Trends ReportGlobeNewswire
- First Advantage to Release First Quarter 2024 Financial Results and Hold Investor Conference Call on May 9, 2024GlobeNewswire
- First Advantage Co. (NYSE: FA) had its price target raised by analysts at Evercore ISI from $17.00 to $18.00. They now have an "outperform" rating on the stock.MarketBeat
FA
Earnings
- 2/29/24 - Beat
FA
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- FA's page on the SEC website