Streetbeat News

Acquisitions Mergers

ASPA

Abri SPAC I's stockholders have approved the proposed merger with DLQ, Inc. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 2:49 pm

RITM

SCU

Sculptor Capital Management Consortium has made a non-binding proposal to acquire a company at a price of $13.50 per share. However, the proposal is not considered superior to the Rithm transaction, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:35 pm

STLA

Stellantis NV is reportedly close to acquiring a 20% stake in Chinese electric vehicle (EV) company Zhejiang Leapmotor Technologies Ltd. The deal, which could be announced in the coming days, is part of Stellantis' efforts to expand its presence in the Chinese auto market. The companies are also discussing a joint venture that could allow Stellantis to manufacture and sell Leapmotor cars outside China. Stellantis owns brands including Chrysler, Fiat, Jeep, and Peugeot.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:25 pm

TMUS

T-Mobile has projected that its merger synergies will reach approximately $7.5 billion by FY23.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:58 am

NIO

Chinese EV maker, Nio Inc. (NYSE:NIO) has acquired local automaker Leopard, earning a car production certification. The acquisition was part of a government-orchestrated deal to qualify NIO for independent vehicle production. The purchase of Leopard will allow NIO to end its history of contract manufacturing. NIO is also reportedly considering buying plant assets from its vehicle manufacturing partner, Anhui Jianghuai Automobile Group (JAC).

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 8:53 am

FLGC

Lifeist Wellness Inc. has announced the termination of the share purchase agreement with Flora Growth for the divestment and sale of its wholly owned subsidiary, Australian Vaporizers Pty Limited. The agreement was terminated due to a certain condition precedent not being fulfilled.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:19 am

SHEN

Shenandoah Telecommunications (SHEN) has announced plans to acquire 100% of the equity interests in Horizon Acquisition Parent for $385 million.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:07 am

ASPA

Abri's stockholders have approved the proposed business combination with DLQ. The deal is expected to close soon.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:05 am

AAPL

BB

GOOG

GOOGL

MSFT

NOK

Microsoft CEO Satya Nadella has admitted that exiting the smartphone industry was a mistake. The company shut down Windows Phone in 2017, two years after writing off its $7.6 billion acquisition of Nokia's smartphone business. Since then, Microsoft has attempted to re-enter the smartphone market with the Android-powered Surface Duo and Surface Duo 2. However, it's unclear if the company plans to launch a new phone.

Portfolio Pulse from Rounak Jain

October 25, 2023 | 7:00 am

MSFT

Microsoft has projected Q2 expenses of $15.5B-$15.6B, which includes $0.4B of purchase accounting adjustments and integration related costs from the Activision deal, according to a conference call.

Portfolio Pulse from Charles Gross

October 24, 2023 | 10:21 pm