Streetbeat News

Acquisitions Mergers

CLPS

CLPS Incorporation (NASDAQ:CLPS) has acquired College of Allied Educators (CAE) in Singapore through its subsidiary CLPS Technology (Singapore) Pte. Ltd. The acquisition aims to enhance CLPS's Talent Creation Program (TCP) and Talent Development Program (TDP) by integrating CAE's educational platform with CLPS's IT education and training expertise. This strategic move is expected to develop skilled bilingual IT professionals, provide internship and job opportunities, and improve the quality of deliverables to CLPS's clients. Financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:43 pm

WLY

John Wiley & Sons Inc has agreed to sell its Wiley Edge business, which focuses on emerging talent and reskill training, to Inspirit Vulcan Bidco Limited, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:40 pm

GRFS

JNPR

MCRB

Juniper Networks' stock surged over 20% on reports of a nearing $13B acquisition deal by Hewlett Packard Enterprise. Seres Therapeutics announced preliminary Q4 net sales of $10.4M and total 2023 sales of $19.6M since its June launch. Grifols shares plummeted 42% premarket following a Gotham City Research report alleging manipulation of reported debt and EBITDA, suggesting actual leverage is higher than reported.

Portfolio Pulse from ryanfaloona@benzinga.com

January 09, 2024 | 1:38 pm

HPE

JNPR

Juniper Networks, Inc. (JNPR) shares surged over 23% in pre-market trading due to reports of advanced acquisition discussions with Hewlett Packard Enterprise Co (HPE). HPE's stock fell 8.5% in pre-market trading as the potential deal, which could be worth around $13 billion, may be announced soon. Other stocks experienced significant movements in pre-market trading, with various gainers and losers listed.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 1:23 pm

FRSX

Foresight Autonomous Holdings' CEO Haim Siboni addresses shareholders, highlighting 2023 achievements and a strategic shift for 2024. The company saw insider investment of over $1.1 million and refocused on defense and industrial vehicles. Partnerships with Japanese and Chinese manufacturers, Elbit Systems, and KONEC are noted. Subsidiary Eye-Net Mobile achieved milestones with SoftBank and joined Software République's incubation program, aiming for European V2X road safety solution deployment.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:22 pm

SUM

Summit Materials, Inc. (NYSE: SUM) has appointed Marshall Moore as EVP, Chief Operations Officer, effective January 4, 2024. Moore has a 35-year history in manufacturing and supply chain management, and previously held leadership roles at Synthomer and OMNOVA Solutions. His responsibilities at Summit will include enhancing operational excellence, integrating the acquisition of Argos USA, and driving value across all lines of business as part of the company's Elevate Strategy.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:17 pm

MATX

TDCX

ZIM

Three industrial stocks, ZIM Integrated Shipping Services Ltd. (ZIM), Matson, Inc. (MATX), and TDCX Inc. (TDCX), are considered overbought based on their RSI values, which could signal a potential short-term pullback. ZIM recently partnered with Hoopo Systems for tracking devices, MATX reported strong Q3 results, and TDCX received a buyout proposal from its CEO.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 1:15 pm

CATX

LNTH

Lantheus Holdings, Inc. has agreed to acquire an equity stake of up to 19.9% in Perspective's outstanding shares, with the transaction valued at approximately $33 million.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:06 pm

PPG

PPG Industries, Inc. is considering strategic alternatives for its silica products business, which contributes 1-2% of its net sales. The company has engaged Morgan Stanley as a financial advisor for this review. PPG's silica business is known for its performance-enhancing additives used in various industries. CEO Tim Knavish believes the business could thrive better as part of another company or as a standalone entity. The review is expected to be completed by mid-2024, and PPG will not provide regular updates unless necessary. The silica business includes facilities in Louisiana, The Netherlands, Ohio, and Pennsylvania, employing around 350 people.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:06 pm

LNTH

Perspective Therapeutics has entered into an agreement with Lantheus Holdings, where Lantheus will pay $28 million upfront for the exclusive option to negotiate for an exclusive license to Perspective Therapeutics' Pb212-VMT-α-NET.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:05 pm