Streetbeat News

Acquisitions Mergers

PXD

XOM

Exxon's CEO, in an interview with CNBC, stated that they do not anticipate any regulatory issues with the Pioneer deal.

Portfolio Pulse from Charles Gross

October 11, 2023 | 11:39 am

GIB

CGI has expanded its presence in Miami by acquiring Momentum Consulting Corp. The acquisition will help CGI to strengthen its position in the market.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:36 am

PXD

XOM

ExxonMobil has announced a merger with Pioneer Natural Resources in an all-stock transaction valued at $59.5 billion.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:32 am

BSY

Bentley Systems' subsidiary Seequent has acquired Flow State Solutions, a leader in geothermal simulation. The acquisition is expected to enhance Seequent's capabilities in the geothermal energy sector.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:13 am

SHCR

John Chadwick, on behalf of Claritas Capital, has submitted a preliminary non-binding proposal to the board for the acquisition of all Sharecare shares not owned by reporting persons. The proposed price range is $1.35 to $1.80 per share in cash.

Portfolio Pulse from Charles Gross

October 11, 2023 | 10:09 am

AMZN

BBY

WMT

Mozilla Firefox is set to introduce a built-in fake reviews detector for popular e-commerce websites such as Amazon.com Inc., Best Buy Co Inc., and Walmart Inc. The feature, enabled by an add-on called Fakespot, uses AI and machine learning to detect patterns and similarities between reviews to flag deceptive ones. The feature adjusts the rating based on its findings and labels sellers based on their reliability. Mozilla acquired Fakespot in May this year.

Portfolio Pulse from Rounak Jain

October 11, 2023 | 10:01 am

FXI

SPY

YMM

Self-driving startup Plus has decided to split its operations between the US and China due to increasing tensions. China's Full Truck Alliance, a shareholder in Plus, will focus on the China unit.

Portfolio Pulse from Charles Gross

October 11, 2023 | 9:35 am

CVCY

CWBC

Central Valley Community Bancorp (CVCY) and Community West Bancshares (CWBC) have announced plans to merge in an all-stock transaction. The deal was announced late Tuesday, but no further details were provided.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:20 am

BSY

Bentley Systems' subsidiary, Seequent, has acquired Flow State Solutions, a leader in geothermal simulation software. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 7:28 am

CVCY

CWBC

Central Valley Community Bancorp (CVCY) and Community West Bancshares (CWBC) have agreed to a $99.4M all-stock merger deal. CWBC shareholders will receive 0.79 shares of CVCY for each CWBC share. The value of the merger will fluctuate based on CVCY's stock price. CVCY will also assume CWBC's outstanding stock options.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:47 am