Nokia Denies Rumors of Bid for Juniper Networks; We Maintain Our FVEs for Both
On Nov. 30, Nokia released a statement denying its interest in Juniper Networks, disputing a prior CNBC report that Nokia was preparing a $16 billion ($42 per share) bid for Juniper. As we stated in our Nov. 29 note after the CNBC report came out, we would have a hard time justifying such a deal, given the significant product overlap between the two companies and the hefty 43% premium to Juniper’s market capitalization at the Nov. 29 close. An acquisition of Juniper would probably complicate ong...Planet Fitness is a holding company. Through its subsidiries, the company is engaged as a franchisor and operator of fitness centers. The company's stores include co-branded cardio equipment, free weights, strength machines, a workout area, a small retail area and a drink cooler. The company operates and manages its business in three business segments: Franchise, which includes operations related to its franchising business in the U.S., Puerto Rico, Canada, the Dominican Republic and Panama; Corporate-owned stores, which includes operations with respect to all corporate-owned stores throughout the U.S. and Canada; and Equipment, which includes the sale of equipment to franchisee-owned stores in the U.S.
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