Author: Vitaliy Dadalyan

Boxlight Buys Audio-Visual Specialist Sahara For $94.9M

Boxlight announced the acquisition of UK-based Sahara Presentation Systems, a specialist in AV (audio visual) solutions for £74 million ($94.9 million) on Friday. Boxlight shares jumped about 14.5% on Friday, following the deal, but are down 3.6% in pre-market trading on Monday.Per the terms of the deal, Boxlight (BOXL), an interactive technology solutions provider for the education market, will pay about $66.7 million in cash and the remaining $28.2 million in preferred stock to Sahara shareholders. The acquisition would include Sahara’s renowned brands Clevertouch and Sedao.Boxlight’s CEO Michael Pope said “The Sahara acquisition expands our geographic reach - particularly in the EMEA [Europe, the Middle East and Africa] region, provides significant revenue growth, results in immediate consolidated profitability, and adds tremendous global management talent.” He added “The combined companies are generating greater than $100M in sales and are highly profitable.” (See BOXL stock analysis on TipRanks)On Aug 17, Maxim Group analyst Jack...

Cramer Shares His Thoughts On Boeing, General Electric And More

On CNBC's "Mad Money Lightning Round," Jim Cramer said to a viewer he is right to buy Boeing Co (NYSE: BA). He likes it because American Airlines Group Inc (NASDAQ: AAL) got some money from the government, airlines are able to test people before they get on a plane and masks work in planes.It's not General Electric Company's (NYSE: GE) year, said Cramer. It has a very good turnaround plan, but it's not ready yet, he added. This time next year, it's going to be a much better stock, but a lot of people aren't that patient.Cramer feels like he had his call with Rocket Companies Inc (NYSE: RKT) and he is now ready to move on. He explained that there are a lot of people with short positions because they don't like the ownership structure.RedHill Biopharma Ltd (NASDAQ: RDHL) is a smart Israeli company, but Cramer would rather own Royalty...