Auto Experience, Inc. Proposes To Acquire Auto Finance Firm Consumer Portfolio Services For $135 Million In Cash | News

DALLAS, Oct. 8, 2020 /PRNewswire/ — Auto Experience, Inc., created in 2018 to pursue strategic business opportunities in the automobile financing market, today announced it has informed the board of directors of Consumer Portfolio Services, Inc. (Nasdaq: CPSS) of its interest in acquiring the company in an all-cash transaction valued at $135 million.  An acquisition at that price would nearly double the current value of the Nasdaq-listed company.

Based in Irvine, Calif., Consumer Portfolio Services (CPS) is an independent specialty finance company that provides indirect automobile financing to consumers.  In an October 7, 2020 letter to the company formally conveying an “indication of interest,” Auto Experience said it proposes to acquire CPS for approximately $6.18 per share of common stock.  CPS shares closed at $3.35 on October 7, 2020.

In its letter to CPS, Auto Experience said it would add value to the company and its

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TCM|Strategic Comments on its Agreement to Acquire $53.5 Million of Digimarc Corporation Common and Convertible Preferred Equity

CORAL GABLES, Fla., Sept. 29, 2020 /PRNewswire/ — TCM|Strategic announced today it has agreed to acquire $53.5 million of common and convertible preferred equity in Digimarc Corporation (NASDAQ: DMRC).  For more details on the transaction, please see today’s press release from Digimarc.

TCM|Strategic’s decision to make this investment was the result of two conclusions:

  • The Legacy Business and the Growth Business are each worth more today than the current enterprise value of the entire company.
  • The Growth Business has not only the opportunity but also the high likelihood of being worth significantly more in the future.

For those interested, this deck contains detailed work in support of these points.

This financing provides Digimarc with enough capital to ensure the continued acceleration of growth in the Barcode business.  Furthermore, it should be sufficient to fund the company through profitability, even assuming the most conservative macro and micro scenarios. 

Therefore, we

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How to Acquire a Utilised Auto

You’ll find a number of reasons why people go in for a employed car, instead of a new one. They might want to get the auto which they like essentially the most and is not manufactured by the business anymore. They might also want a vehicle for temporary use, as they would be permanently leaving for some other place or abroad. Some youngsters may well need to buy an aged one and then modify it, the way they would like to. And some can’t simply afford a fresh car. Moreover, the second-hand cars sold nowadays are kept in this kind of a very good situation that the buyer won’t even come to know that it really is an age outdated car. Many people merely invest in this kind of vehicles and claim that they’ve bought it from an auto showroom. A single desires to make certain numerous fundamental things in … Read More

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