Streetbeat News

Acquisitions Mergers

DOCU

Shares of DocuSign Inc (NASDAQ:DOCU) jumped nearly 10% on Thursday after a Reuters report indicated that private equity firms Bain Capital and Hellman & Friedman are competing to acquire the company. The potential acquisition, which could be one of the biggest leveraged buyouts of the year, is still uncertain as an official announcement is expected in the coming weeks. DocuSign's market cap is about $12 billion, and its stock has risen over 50% in the last three months.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 9:28 pm

HLMN

Hillman Solutions Corp. has acquired Koch Industries. The financial terms of the deal have not been disclosed to the public.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:18 pm

TITN

Titan Machinery Inc. (NASDAQ:TITN) has acquired Scott Supply, Co., a dealership with a revenue of approximately $40 million in the trailing twelve-month period ended December 31, 2023. The acquisition, which closed on January 10, 2024, strengthens Titan Machinery's presence in eastern South Dakota and is expected to build upon Scott Supply's legacy of customer service excellence.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:14 pm

ACAC

Acri Capital Acquisition Corporation has extended the deadline for its initial business combination from January 14, 2024, to February 14, 2024. This extension provides the company with an additional month to complete its business combination plans.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:11 pm

XOMA

XOMA has disclosed that it will make a $1M milestone payment to LadRx following the FDA's acceptance of Zevra's NDA filing for arimoclomol, a treatment for Niemann-Pick Disease Type C. This follows a June 2023 agreement where XOMA paid LadRx $5M upfront and obtained a mid-single digit royalty on future arimoclomol sales, with the potential for up to $52.6M in additional milestone payments from Zevra.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:11 pm

EYPT

Cormorant Global Healthcare Master Fund, LP has acquired 855,000 shares of EyePoint Pharmaceuticals, as indicated by a Form 4 filing.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:09 pm

MMAT

Meta Materials Inc. (MMAT) has announced a proposed settlement with the SEC regarding an investigation into its merger with Torchlight Energy Resources. The settlement, which includes a $1 million penalty paid over one year, is pending approval by SEC Commissioners. The company believes this will remove uncertainty and allow it to focus on business objectives.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:03 pm

DOCU

DocuSign shares have risen after a Reuters report indicated that private equity firms Bain Capital and Hellman & Friedman are in competition to acquire the electronic signature company.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 8:43 pm

DOCU

Private equity firms Bain Capital and Hellman & Friedman are reportedly in competition to acquire DocuSign Inc, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 8:40 pm

ASML

MSFT

NVDA

ASML Holding N.V. (ASML) has halted shipments of high-end lithography machines to China, following U.S. directives. China's Commerce Minister expressed grave concerns over U.S. pressure on ASML and potential tariffs on Chinese chips. The U.S. is assessing reliance on Chinese chips and considering tariffs to protect against military use. Huawei's launch of a handset with an advanced chip despite sanctions raised U.S. security concerns. Microsoft Corp (MSFT) linked a cyberattack on U.S. Commerce Secretary Raimondo's email to China. Nvidia Corp (NVDA) faces challenges in China due to U.S. export controls, with Chinese companies potentially reducing orders for high-end AI chips from Nvidia by 50%-60% in five years. ASML's stock saw a slight decrease.

Portfolio Pulse from Anusuya Lahiri

January 11, 2024 | 8:25 pm