Panini stickers would regularly enjoy great popularity, especially during major football events such as the European Championship that ended on Sunday. According to media reports, the company is in talks about a possible merger with a SPAC. Behind the shell company is a prominent athlete.
In 1961, the Paninis first printed pictures of footballers on paper and sold them in small bags. The company produced the first stickers nine years later for the 1970 soccer World Cup in Mexico. Panini is now active in 150 countries around the world and brings around 400 collector’s collections onto the market every year. The privately run company does not publish any information on sales or other key figures. According to Bloomberg, Panini turned over more than one billion euros for the first time in 2018.
It was also Bloomberg who first spoke about the talks between Panini and the shell company Slam Corp. on Wednesday. reported. The SPAC was founded by the former baseball star Alex Rodriguez, who is best known in this country for his liaison with the singer Jennifer Lopez.
Should the merger with the 500 million dollar wallet take place, Panini, which is active in the publishing business in addition to stickers, could be valued at a good three billion dollars.
It would also be the second SPAC deal by an iconic trading card company this year. In April, US rival Topps announced that it would go public through a merger with Mudrick Capital.
Investors reacted positively to the reports on the talks on Wednesday: The Slam share gained more than one percent in the first hours of trading. A Panini IPO is by no means ripe for a decision and can also be completely canceled.
“The shareholder” stays on the ball, says Benjamin Heimlich from “Der Aktionär”. (Analysis from 07/14/2021)
Please also note the information on the disclosure obligation in the event of conflicts of interest within the meaning of Directive 2014/57 / EU and corresponding EU regulations under the following link.
Stock exchanges slam share:
NASDAQ share price Slam share:
10,16 USD +1,80% (14.07.2021, 19:27)
ISIN Slam-Aktie:
KYG8210L1133
WKN Slam Action:
A2QP1N
NASDAQ-Symbol Slam-Aktie:
STRAW
Short profile Slam Corp .:
The Slam Corp. (ISIN: KYG8210L1133, WKN: A2QP1N, CCL, NASDAQ symbol: SLAMU) is a blank check company. It was formed primarily for the purpose of carrying out a merger, share swap, asset acquisition, share purchase, reorganization or similar business combination with one or more companies. The company has not selected a business combination target. The company intends to focus on acquiring companies in the sports, media, entertainment, health and wellness, and consumer technology sectors. (07/14/2021 / ac / a / n)
Disclosure of possible conflicts of interest:
You can view possible conflicts of interest on the site of the creator / source of the analysis.
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