Streetbeat News

Acquisitions Mergers

VSEC

VSE Corporation has priced a public offering of 1,724,137 common shares at $87 per share, raising $142.5 million. The proceeds will be used to finance part of the acquisition of Kellstrom Aerospace Group, Inc.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:15 am

LBTYA

Liberty Global has announced the key dates for the spin-off of Sunrise, which will become an independent publicly traded Swiss company. A special meeting of shareholders is scheduled for October 25, 2024. Post spin-off, Liberty Global will continue its operations in Belgium, Ireland, Slovakia, the U.K., and the Netherlands.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:10 pm

INTC

QCOM

Qualcomm is reportedly waiting for the outcome of the US election before making a decision on a potential move involving Intel. This indicates that political factors may influence Qualcomm's strategic decisions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:02 pm

AMPS

Altus Power has announced a formal review of strategic alternatives while reaffirming its fiscal year 2024 guidance. This indicates potential changes in the company's strategic direction, which could include mergers, acquisitions, or other significant corporate actions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:31 pm

KTRA

Kintara Therapeutics has issued a correction regarding the timing of the Contingent Value Rights (CVR) issuance related to its proposed merger with TuHURA Biosciences. The CVR issuance is now set to occur immediately before a reverse stock split. The merger is expected to close on October 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:18 pm

AGBA

AGBA Group Holding Limited has completed its merger with Triller Corp, resulting in a name change to Triller Group Inc. The combined company's stock and warrants will trade under new tickers 'ILLR' and 'ILLRW' on Nasdaq starting October 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:05 pm

VSEC

VSE Corporation has signed a definitive agreement to acquire Kellstrom Aerospace Group for $200 million. The deal includes $185 million in cash and $15 million in VSE common stock. The acquisition is expected to close in Q4 2024, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:02 pm

MSFT

Microsoft has announced the Xbox Game Pass Wave 2 lineup for October 2024, featuring Call of Duty: Black Ops 6, marking the first time a Call of Duty game launches day-one on Game Pass. This move follows Microsoft's acquisition of Activision Blizzard and aims to expand the Game Pass user base.

Portfolio Pulse from Franca Quarneti

October 15, 2024 | 7:09 pm

MSFT

Microsoft has settled an antitrust lawsuit filed by gamers over its $69 billion acquisition of Activision Blizzard. The lawsuit, which was dismissed with prejudice, raised concerns about potential monopolistic effects on the video game industry. The settlement details remain undisclosed. The acquisition has led to changes in Microsoft's Xbox Game Pass, including price hikes and restructuring, which have drawn criticism from the FTC and gamers.

Portfolio Pulse from Franca Quarneti

October 15, 2024 | 6:34 pm

SNY

Sanofi is negotiating with Clayton Dubilier & Rice (CD&R) to sell a 50% stake in its consumer healthcare business, Opella, for $16.4 billion. The French government may block the sale due to concerns over employment and national healthcare interests. The deal faces political opposition, with critics arguing it could undermine France's healthcare sovereignty.

Portfolio Pulse from Vandana Singh

October 15, 2024 | 5:33 pm