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Acquisitions Mergers

AAPL

AMD

AMZN

GOOG

GOOGL

INTC

IRBT

MSFT

QCOM

Intel Corp (INTC) has received a favorable non-binding opinion from Advocate General Laila Medina of the EU's Court of Justice in its antitrust case against the EU. The opinion supports Intel's position that the EU failed to prove Intel abused its market dominance to hinder rivals like AMD. This follows a 2022 ruling that annulled a 2009 European Commission decision which fined Intel for illegal rebates to PC makers. The Commission has reimposed a minor fine on Intel, which Intel is appealing. The article also mentions meetings between EU regulators and executives from other Big Tech companies, including Apple (AAPL), Alphabet (GOOG, GOOGL), and Qualcomm (QCOM), to discuss regulatory compliance. Additionally, the EU is scrutinizing Big Tech mergers, such as Microsoft's (MSFT) support for OpenAI and Amazon's (AMZN) merger with iRobot (IRBT).

Portfolio Pulse from Anusuya Lahiri

January 18, 2024 | 2:49 pm

MDC

Shares of M.D.C. Holdings Inc (NYSE:MDC) surged after announcing a merger agreement with Japan's Sekisui House. Sekisui House will acquire MDC for $63.00 per share in cash, valuing the equity at $4.9 billion. This price is a 19% premium over MDC's closing price on January 17, 2024, and a 41% premium over the 90-day volume-weighted average. The transaction is expected to close in the first half of 2024, subject to stockholder and regulatory approvals. Major shareholders representing 21.2% of MDC's shares have agreed to vote in favor of the deal.

Portfolio Pulse from Lekha Gupta

January 18, 2024 | 2:47 pm

ABBV

ACGL

GILD

HOOK

On CNBC's 'Halftime Report Final Trades,' analysts recommended Gilead Sciences (GILD), AbbVie (ABBV), Verizon (VZ), and Arch Capital (ACGL). Gilead purchased shares of HOOKIPA Pharma (HOOK), AbbVie expressed confidence in Botox's market share, Verizon disclosed a $5.8 billion write-down, and UBS maintained a Buy rating on Arch Capital with a lowered price target. GILD and ABBV shares rose slightly, while VZ fell and ACGL increased.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 2:36 pm

COSM

Cosmos Health has finalized the acquisition of a portfolio consisting of 10 drugs for approximately $3.5 million. This strategic move could potentially expand Cosmos Health's product offerings and market presence.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:27 pm

MDC

M.D.C. Holdings' stock is trading higher following the announcement that it will be acquired by Sekisui House, a Japanese firm not listed in the US.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:21 pm

DIS

Trian Fund Management has filed a preliminary proxy statement with the SEC for the nomination of Nelson Peltz and James A. Rasulo to the Disney board. This move indicates an active effort by Trian to influence the governance of Disney, potentially aiming for strategic changes at the company.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:19 pm

Boeing Co (NYSE:BA) stock is trading higher after Akasa Air announced an order for 150 Boeing 737 MAX planes. This order comes despite a recent mid-air incident involving a 737 MAX 9, which led to the FAA grounding 171 jets. The order was announced at the 'Wings India' air show and excludes the 737 Max 9 version. Akasa Air is set to receive 204 planes over eight years. Boeing is implementing additional quality inspections and has sent a team to oversee work at Spirit AeroSystems.

Portfolio Pulse from Adam Eckert

January 18, 2024 | 2:11 pm

AAPL

DFS

JPM

NVDA

PLUG

TSLA

The cryptocurrency market saw significant movements with a record $665M Bitcoin transaction and a surge in meme coins after Trump's statement against CBDCs. In the US markets, Discover Financial reported lower Q4 profits, and the Dow fell for the third consecutive session. Trump leads in New Hampshire polls and opposes CBDCs, while Biden seeks Ukraine aid. In tech, TSMC exceeded expectations despite a profit drop, and Apple and Nvidia plan expansions. Tesla faces questions over its pricing strategy, and Rivian introduces leasing options. JPMorgan's CEO met with other bank leaders to discuss fintech competition.

Portfolio Pulse from Akanksha Bakshi

January 18, 2024 | 2:05 pm

AEM

AGI

ORMFF

Alamos Gold (NYSE:AGI) has agreed to acquire Orford Mining Corporation (ORMFF) in a $16-million deal, obtaining all issued and outstanding shares of Orford. The acquisition is part of Alamos Gold's strategy to expand its pipeline of high-quality, long-term projects in favorable jurisdictions. Orford shareholders will receive 0.005588 Alamos shares per Orford share, equating to C$0.10 per share. Alamos will issue approximately 0.9 million shares. The deal highlights the Qiqavik Gold project's potential, along with other projects like West Raglan and Joutel Properties, and the Nunavik Lithium site. Orford's shareholders are offered a 134% premium based on the 20-day volume-weighted average price of Orford shares.

Portfolio Pulse from Stjepan Kalinic

January 18, 2024 | 2:04 pm

AJG

Arthur J. Gallagher & Co. has acquired The Rowley Agency, LLC, a company based in Concord, New Hampshire. The financial terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:04 pm