Streetbeat News

Acquisitions Mergers

BSQR

Internet company Bsquare Corporation (NASDAQ:BSQR) announced that it will be acquired by IoT technology firm Kontron America for $1.90 per share, a 62% premium to the trailing 52-week volume-weighted average. The all-cash deal represents an implied equity value of approximately $38 million. Post-acquisition, Bsquare will become a privately held company and its shares will no longer be listed on any public market. The transaction is expected to close later in 2023.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 10:56 am

BSQR

Bsquare Corporation has agreed to be acquired by Kontron America for $1.90 per share, implying an equity value of around $38 million. This has led to a rise in Bsquare's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:45 am

AKRO

BCS

DAO

ETWO

FNGR

PLNT

SHCR

Several stocks recorded losses in Thursday's pre-market trading session. Youdao, Inc. (DAO) shares fell 8.1%, E2open Parent Holdings, Inc. (ETWO) shares dipped 4.1% following a downgrade from Redburn Atlantic analyst Alex Haissl, FingerMotion, Inc. (FNGR) shares declined 4.1%, Planet Fitness, Inc. (PLNT) shares fell 3.6%, Barclays PLC (BCS) shares declined 3.5%, Sharecare, Inc. (SHCR) shares tumbled 3.4% after a preliminary non-binding proposal for acquisition, and Akero Therapeutics, Inc. (AKRO) fell 3% following a 36-week analysis of a Phase 2b study.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 9:58 am

DOV

SIUAF

Dover Corp (NYSE:DOV) has agreed to sell its De-Sta-Co business (DESTACO) to Stabilus SE (OTC:SIUAF) for $680 million. DESTACO, part of Dover's Engineered Products segment, designs, manufactures, and markets workholding and automation components for industrial automation applications. The deal is expected to close in the first half of 2024.

Portfolio Pulse from Shivani Kumaresan

October 12, 2023 | 9:49 am

ILMN

VGK

EU antitrust regulators have ordered Illumina to sell Grail, a cancer detection startup it acquired. This decision comes as a result of concerns about potential anti-competitive practices.

Portfolio Pulse from Charles Gross

October 12, 2023 | 9:47 am

Dakota Gold Corp. (NYSE:DC) has entered into a binding agreement with OMF Fund IV SPV C LLC, managed by Orion Mine Finance, for an investment of $17 million and a commitment for future financing support.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 9:36 am

MANU

Caught Offside reported that the takeover of Manchester United (MANU) will happen, but it might be another year away.

Portfolio Pulse from Charles Gross

October 12, 2023 | 9:18 am

PXD

XOM

Jim Cramer plans to sell his entire stake in Pioneer Natural Resources (PXD) following its takeover by Exxon Mobil (XOM). The all-stock deal values Pioneer at $59.5 billion, 18% above its closing stock price on Oct. 5. The deal is expected to conclude in the first half of 2024. Cramer's decision is based on his regard for his Charitable Trust's performance. Meanwhile, outgoing CEO of Pioneer plans to retain his Exxon shares, citing the company's impressive dividend.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 7:52 am

DAL

DPZ

WBA

XOM

The CNN Money 'Fear and Greed' index showed easing investor fears, but remained in the 'Fear' zone. U.S. stocks settled higher on Wednesday as investors awaited the release of the consumer price index. Exxon Mobil Corporation's shares fell around 3.6% after it signed an agreement to acquire Pioneer Natural Resources Company. Investors are awaiting earnings results from Walgreens Boots Alliance, Inc., Delta Air Lines, Inc., and Domino's Pizza, Inc.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 7:14 am

DOV

SIUAF

Dover Corporation has agreed to sell its De-Sta-Co business to Stabilus for $680 million. The deal is expected to close in the first quarter of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 7:09 am