Streetbeat News

Acquisitions Mergers

UMG

Universal Music Group (UMG) will be moved from its current listing in Amsterdam to a U.S. exchange, either the NYSE or Nasdaq, by 2025. This decision is driven by Bill Ackman, whose Pershing Square has significant influence over UMG.

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November 08, 2024 | 6:00 pm

BA

Boeing is considering selling its Jeppesen navigation unit for approximately $6 billion, according to Bloomberg News.

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November 08, 2024 | 5:45 pm

ALVR

Monteverde & Associates PC is investigating the merger of AlloVir, Inc. with Kalaris Therapeutics. AlloVir will acquire Kalaris, with AlloVir stockholders owning 25.05% of the new entity.

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November 08, 2024 | 5:45 pm

AUPH

Aurinia Pharmaceuticals Inc. has posted strong Q3 results and announced cost reduction measures. The company is experiencing impressive sales growth, has a strong balance sheet, and is expected to become more profitable in the future. There is speculation about a potential buyout.

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November 08, 2024 | 5:30 pm

PRK

DFCU Financial plans to acquire Winter Park National Bank, marking its third acquisition in Florida, to expand its presence and enhance financial services in the region.

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November 08, 2024 | 5:15 pm

ITRG

Integra Resources Corp. has completed a business combination with Florida Canyon Gold Inc., creating a new Great Basin precious metals producer. The transaction was approved by FCGI shareholders.

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November 08, 2024 | 5:15 pm

BLK

BlackRock is considering purchasing a minority stake in Millennium Management to expand its presence in the alternative asset business.

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November 08, 2024 | 5:15 pm

EMKR

Monteverde & Associates PC is investigating the proposed merger of EMCORE Corporation with Velocity One Holdings, LP. EMCORE stockholders are set to receive $3.10 per share under the merger agreement.

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November 08, 2024 | 5:15 pm

HSY

The Hershey Company has acquired Sour Strips, a popular sour candy brand known for its strong social media presence, to expand its sweets portfolio.

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November 08, 2024 | 5:15 pm

TRIP

Tripadvisor (TRIP) is recommended as a Strong Buy due to Viator's growth, a strong balance sheet, and potential strategic acquisitions. Viator's Q3 2024 revenue exceeded Tripadvisor's legacy segment for the first time, indicating positive trends despite a disappointing quarter.

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November 08, 2024 | 4:45 pm