Streetbeat News

Acquisitions Mergers

ON

TSLA

On Semiconductor Corp (NASDAQ:ON) completed the acquisition of SWIR Vision Systems, integrating it into its Intelligent Sensing Group. The acquisition is not expected to impact On Semiconductor's near-to-midterm financial outlook. The stock rose 5.41% on Tuesday, aided by broader tech stock gains and positive comments from Fed Chair Jerome Powell.

Portfolio Pulse from Erica Kollmann

July 02, 2024 | 9:11 pm

VSTO

Vista Outdoor has received additional information from MNC Capital regarding MNC's final indication of interest to acquire Vista Outdoor for $42.00 per share in an all-cash transaction. Vista Outdoor is currently reviewing the information and has not made any determination yet.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 9:09 pm

CHX

SLB

SLB and ChampionX have received a second request for additional information from the US Department of Justice regarding their pending transaction. The deal is expected to close in late 2024 or early 2025, pending regulatory approvals. ChampionX stockholders approved the transaction on June 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 9:02 pm

SPB

Spectrum Brands has filed a confidential Form 10 registration statement with the SEC for the spin-off of its Home and Personal Care (HPC) business. The company is exploring various strategic options including a spin-off, sale, or merger.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:55 pm

ON

onsemi has acquired SWIR Vision Systems to enhance its depth perception and 3D imaging capabilities. The acquisition is not expected to have a meaningful impact on onsemi's near to midterm financial outlook. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:32 pm

FFWM

First Foundation Inc. announced that affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, and North Reef Capital have agreed to make individual investments totaling $228 million in the company. Additionally, First Foundation will add four new directors to its board at the closing of the investment.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:25 pm

RNST

Renasant Corporation has announced the sale of Renasant Insurance to Sunstar Insurance Group, effective July 1, 2024. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:02 pm

SYT

SYLA Technologies (NASDAQ:SYT) shares are trading higher due to the recent merger of its subsidiaries, SYLA Solar and SYLA Biotech Corporation. The merger aims to advance SYLA's renewable energy business, with support from Japan’s Ministry of Economy, Trade and Industry.

Portfolio Pulse from Vaishali Prayag

July 02, 2024 | 7:54 pm

DKNG

MSGS

OWL

The Boston Celtics, fresh off their 18th NBA championship, are up for sale. Boston Basketball Partners plans to sell a majority stake in the team by 2024 or early 2025, with the remaining stake to be sold by 2028. The sale could break NBA records, with the team valued at $4.7 billion. The news has implications for Madison Square Garden Sports (NYSE:MSGS), Blue Owl Capital (NYSE:OWL), and DraftKings Inc (NASDAQ:DKNG).

Portfolio Pulse from Chris Katje

July 02, 2024 | 7:34 pm

PARA

PARAA

Paramount Global is in discussions to sell BET Network for $1.6 billion, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 6:20 pm