We believe STW Communications (SGN) has a few interesting catalysts on the horizon. The business is due to be merged with the local operations of the world’s largest advertising and marketing business, WPP, after an EGM on April 4th. WPP is a global behemoth and the merger gives SGN shareholders $15m of cost synergies, incremental revenue synergies as well as a better balance sheet. The merger will also double revenue and EBIT.