Streetbeat News

Acquisitions Mergers

BNIX

Bannix Acquisition has announced an extension to complete its initial business combination until November 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:45 pm

AEL

American Equity Investment Life Holding Company (AEL) announced Q3 2023 sales of $2.2 billion, primarily from fixed index annuities. This represents an 18% increase from Q2 2023 and a 203% increase from Q3 2022. AEL also announced the release date of its Q3 2023 earnings results as November 7, 2023. Due to its pending merger with Brookfield Reinsurance, AEL will not hold an earnings conference call.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:22 pm

VMW

VMware shares are trading lower due to speculation of uncertainty regarding Chinese approval for the company's proposed deal with Broadcom.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:46 pm

ASMB

BAC

EVLO

GLUE

NTCT

OLK

SPRC

Bank of America Corp reported better-than-expected earnings for its third quarter, with EPS of $0.90, compared to $0.81 in the year-ago period, beating the consensus of $0.81. Revenue increased 3% year-over-year to $25.32 billion, beating the consensus of $25.14 billion. SciSparc Ltd. shares shot up 122% after Aegis Capital Corp. acted as exclusive placement agent on a $5.0 million private placement for SciSparc. Shares of Assembly Biosciences, Inc. got a boost after the company and Gilead announced a 12-year partnership. Olink Holding AB shares were also up after Thermo Fisher Scientific announced it will acquire the company. Evelo Biosciences, Inc. shares dropped 56% after releasing top-line results from its Phase 2 clinical study. Shares of NetScout Systems, Inc. were down after the company reported weak preliminary results for the second quarter and lowered its FY24 guidance. Monte Rosa Therapeutics, Inc. was down after announcing interim data from the Phase 1 dose escalation part of its ongoing phase 1/2 study.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 6:31 pm

CHK

SWN

Chesapeake Energy Corp has approached Southwestern Energy to express interest in a potential acquisition, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:05 pm

SFTBF

SSNLF

TOSYY

WDC

Western Digital Corp's stock is trading lower after reports that SK Hynix opposed the company's deal with Kioxia Holdings. SK Hynix, which has an indirect stake in Kioxia, is unwilling to negotiate the integration of the semiconductor division of Toshiba Corp. Western Digital and Kioxia are planning a merger to create a holding company for their NAND flash memory chips operations. Western Digital shareholders will own over 50% of the new company.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 6:00 pm

HNRA

HNR Acquisition Corp has announced an extension of the timing for its initial business combination to November 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:54 pm

AutoNation, Inc. (NYSE:AN) has confirmed that it will not be making a formal offer for Pendragon PLC. The company had previously submitted a preliminary, non-binding proposal to acquire Pendragon. AutoNation's CEO, Mike Manley, stated that the company will continue to leverage M&A to expand its business portfolio and create value for shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:18 pm

TPG

TPG Real Estate Partners has filed a formal notice with the Belgian Financial Services and Markets Authority for an all-cash voluntary and conditional public takeover offer for all the outstanding shares of Intervest Offices & Warehouses NV. The offer price represents a 52.2% premium over the closing share price on October 5, 2023. The acquisition will allow Intervest to operate with greater flexibility and pursue growth across its platform. The offer has the support of Intervest's Supervisory Board and Management Board.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:05 pm

WDC

SK Hynix has expressed concerns over the proposed merger between Western Digital and Kioxia, potentially disrupting the memory chip market consolidation.

Portfolio Pulse from Charles Gross

October 17, 2023 | 4:36 pm