Streetbeat News

Acquisitions Mergers

AEXAF

EADSY

Atos SE has received non-binding interest in its Big Data & Security (BDS) business, with Airbus SE making an indicative offer of €1.5 billion-€1.8 billion for the entire unit. The potential acquisition would enhance Airbus's defense and security capabilities with advanced cybersecurity, computing, and AI. Atos is entering a due diligence phase with Airbus and continues exclusive negotiations with EPEI for the sale of Tech Foundations. Atos may sell additional assets to reduce debt and realign its business.

Portfolio Pulse from Shivani Kumaresan

January 03, 2024 | 12:24 pm

FTV

Fortive Corporation has successfully completed the acquisition of EA Elektro-Automatik, a leading provider of high-end power supplies for industrial and laboratory applications. This strategic move is expected to enhance Fortive's product offerings and market presence in the power supply sector.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:23 pm

S

SentinelOne, a cybersecurity firm, has announced the acquisition of PingSafe, an AI-driven cloud security company. This move is aimed at expanding SentinelOne's cloud security capabilities. The financial terms of the deal have not been disclosed. SentinelOne's stock, which trades under the ticker symbol S, may be influenced by this strategic acquisition as it enhances the company's product offerings in the cloud security space.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:22 pm

SFWL

SOAR

TPCS

The article highlights three industrials sector stocks that are considered oversold based on their Relative Strength Index (RSI) values, which are near or below 30. Shengfeng Development Limited (SFWL) has seen its stock fall 80% over the past month with an RSI of 24.39. Volato Group, Inc. (SOAR) expanded its fleet and saw its stock fall 55% over the past month with an RSI of 28.66. TechPrecision Corporation (TPCS) acquired Votaw Precision Technologies, doubling its revenue and EBITDA, and its stock fell 13% over the past month with an RSI of 29.26.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 12:20 pm

ESPR

Esperion Therapeutics, Inc. and Daiichi Sankyo Europe have amended their collaboration agreement with a $125 million deal, which also includes the resolution of pending litigation between the two companies. This amendment is expected to strengthen the partnership and enhance the commercial prospects for Esperion's products in Europe.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:07 pm

NA

Nano Labs Ltd (NASDAQ:NA), a Chinese fabless integrated circuit design company, has announced that Citibank N.A., the depositary for the company's ADRs, has issued a notification about the amendment to the deposit agreement and the termination of the ADR facility. The termination will be effective on February 1, 2024. This could affect the holders and beneficial owners of Nano Labs' ADRs.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:04 pm

BRKR

Bruker Corporation has acquired Nion Co., a specialized electron microscopy company. This acquisition is expected to enhance Bruker's materials and life sciences research offerings by integrating Nion's advanced electron microscopy technology.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:03 pm

AFMD

Affimed N.V. has sold its wholly-owned subsidiary AbCheck to an undisclosed buyer for $6 million. The sale is part of Affimed's strategic focus on its innate cell engager (ICE) pipeline and T cell engager programs. The transaction provides Affimed with additional capital to advance these programs, which are central to the company's growth strategy.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 11:35 am

SNX

TD Synnex Corp's Shyft Global Services division has acquired technology lifecycle service provider Cokeva, Inc. The acquisition enhances Shyft's depot repair service capabilities and offers customers a broader range of end-to-end technology services. Cokeva operates a 220,000 sq. ft. facility in Roseville, California, with high standards for quality management and cleanroom operations. As of August 31, 2023, TD Synnex had $1.25 billion in cash and equivalents. SNX shares closed down 1.38% at $106.13 on Tuesday.

Portfolio Pulse from Lekha Gupta

January 03, 2024 | 11:26 am

AUR

BL

FATE

NBTX

NKTX

NUKK

PNST

SOFI

U.S. stock futures were down, with Dow Jones futures dropping about 60 points. Pinstripes (PNST) shares fell 13% in pre-market trading after a 22% surge the previous day, following the closure of their business combination with Banyan Acquisition Corporation. BlackLine (BL) was downgraded by Piper Sandler, Aurora Innovation (AUR) by Goldman Sachs, and SoFi Technologies (SOFI) by Keefe, Bruyette & Woods, leading to pre-market declines. Other stocks experiencing pre-market losses include Nukkleus (NUKK), Nanobiotix (NBTX), Fate Therapeutics (FATE), and Nkarta (NKTX).

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 11:14 am