Streetbeat News

Acquisitions Mergers

GTH

Genetron Holdings has entered into a $126M definitive agreement and plan of merger with New Genetron Holding Limited and Genetron New Co. Genetron New Co will merge with the company and become a wholly-owned subsidiary.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:39 pm

AZEK

The AZEK Company Inc. (NYSE:AZEK) has entered into a definitive agreement to sell its Vycom business, a division of its Commercial segment, to Ohio-based Plaskolite, LLC, a global leader in the manufacturing of engineering thermoplastics.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 8:34 pm

ILMN

Illumina (ILMN) has stated that it will only decide whether to integrate or divest part or all of Grail if it wins both pending cases.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 8:11 pm

PXD

XOM

Exxon Mobil Corporation (XOM) has announced plans to acquire Pioneer Natural Resources (PXD) for $64.5 billion, marking one of its largest acquisitions in company history. This is the biggest deal by Exxon Mobil since the merger of Exxon and Mobil in 1999. An investment of $1,000 in Exxon Mobil stock when the merger closed in 1999 would be worth $2,635.66 today, marking a hypothetical return of 163.6% over the last 24 years. When factoring in dividends, the return would be 458.8%.

Portfolio Pulse from Chris Katje

October 11, 2023 | 7:24 pm

BCO

NCR

NCR Corporation's shares are trading higher following reports of a potential merger of its ATM business with Brink's Co., despite Brink's denying the speculation. NCR's CEO, Michael D. Hayford, is also retiring following the successful separation of NCR into NCR Atleos and NCR Voyix. The stock experienced above-average trading volume.

Portfolio Pulse from Ryan Gustafson

October 11, 2023 | 7:02 pm

GS

Goldman Sachs has announced the sale of Greensky to a consortium led by Sixth Street. The transaction is expected to result in a negative $0.19 EPS impact on Goldman Sachs' Q3 2023 results.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:41 pm

PSHG

Sphinx Investment Corp has offered to purchase all outstanding common shares of Performance Shipping Inc for $3.00 per share in cash, subject to certain conditions, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:21 pm

BCO

NCR

Brinks Co has announced that it is not currently in discussions about a possible strategic transaction with NCR Corporation.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 5:24 pm

NCR

NCR Corporation is reportedly in talks to merge its ATM business with Brink's Co. This has led to an increase in NCR's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 5:02 pm

PXD

XOM

Pioneer CEO Scott Sheffield has announced that all of Pioneer's oilfield employees will be offered positions with Exxon. Most of Pioneer's office employees will also be offered a position in the combined company, according to a letter sent to employees.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:56 pm