Streetbeat News

Acquisitions Mergers

MRAI

Marpai, Inc. has entered into a Securities Purchase Agreement with Hillcour Investment Fund, which is controlled by the company's CEOs, according to an SEC filing on December 14.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 2:08 pm

AYX

MSFT

ORCL

Alteryx Inc is in advanced talks with a private equity consortium, including Insight Partners and Clearlake Capital Group, for a privatization deal valued at around $5 billion. The deal discussions involve a cash offer over $50 per share, representing a premium of over 65% from the share price on September 5. Alteryx has faced stiff competition from Microsoft and Oracle, impacting its valuation and making it an acquisition target. There's also potential competition for the acquisition from Symphony Technology Group. The role of Alteryx's Co-founder, Dean Stoecker, who has significant voting power, remains uncertain in the deal.

Portfolio Pulse from Vandana Singh

December 15, 2023 | 2:04 pm

BATL

Battalion Oil's stock is trading higher following the announcement that it will be acquired by Fury Resources. This acquisition is expected to have a significant impact on Battalion Oil's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 2:03 pm

BATL

Battalion Oil Corporation has agreed to a merger with Fury Resources, with Fury set to acquire all outstanding shares of Battalion at $9.80 per share. The deal is valued at approximately $450 million and is expected to close in the first quarter of 2024, pending customary closing conditions and approval from Battalion's stockholders.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:58 pm

BRSH

Bruush Oral Care's stock is trading higher following the announcement of a merger agreement with Arrive Technology.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:57 pm

LRHC

La Rosa Holdings Corp (NASDAQ:LRHC) has acquired La Rosa Realty CW Properties, a franchisee in Longwood, Florida. CW Properties reported $3.4 million in revenue and positive net income for 2022. The franchisee offers real estate brokerage and agent support services. CEO Joe La Rosa aims to acquire 9 more franchisees in the next 6-8 months and reach a $100 million annual revenue run rate by the end of 2024. La Rosa Holdings Corp's shares rose 9.33% to $1.64 in premarket trading.

Portfolio Pulse from Vandana Singh

December 15, 2023 | 1:45 pm

LRHC

La Rosa Holdings has acquired a 100% interest in its franchisee, La Rosa Realty CW Properties LLC, according to an exclusive report by Benzinga.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:45 pm

NIO

TSLA

Nio (9866.HK) plans to launch its more affordable Firefly brand in Europe by 2025, targeting family-oriented consumers with smaller models. The move comes as Chinese EV makers seek to expand in Europe amid slowing domestic demand and a cost advantage over Western competitors. However, the EU is scrutinizing Chinese EV imports for potential competition rule breaches. Nio, facing increased losses due to a price war initiated by Tesla (TSLA.O) and higher production costs, has reduced its workforce by 10% and is exploring spin-offs and partnerships to reduce expenses. Partnerships with Geely (0175.HK) and Changan Automobile (000625.SZ) aim to develop a new battery pack and chassis architecture.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:39 pm

BAC

BCS

MS

Elon Musk is ordered by Judge Laurel Beeler to testify again in the SEC's investigation into his $44-billion Twitter takeover. The SEC claims new documents require Musk's further testimony. Musk's history with the SEC includes a 2018 settlement over misleading tweets, which he is now appealing to the Supreme Court. The SEC is also probing the timeliness and accuracy of Musk's disclosures during the Twitter acquisition. Banks that funded the takeover, including Morgan Stanley, Bank of America, and Barclays, face potential losses on their $13 billion backing, with the debt's value dropping and doubts about Twitter's management under Musk.

Portfolio Pulse from Neil Dennis

December 15, 2023 | 1:20 pm

EADSY

Airbus SE (OTC:EADSY) is in advanced discussions with Atos to acquire its cybersecurity division BDS, which is part of Eviden. Despite Airbus withdrawing from a previous deal for a stake in Evidian in March, CEO Guillaume Faury remains open to a strategic partnership. Airbus's restructuring in 2024 aims to focus on defense and space, with Christian Scherer leading the planemaking division. Airbus delivered 64 aircraft in November, totaling 623 for the year. Airbus's subsidiary is also developing solar-powered drones for communication services. EADSY shares closed down 1.26% at $38.50.

Portfolio Pulse from Nabaparna Bhattacharya

December 15, 2023 | 1:17 pm