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Acquisitions Mergers

HON

VSEC

VSE Corporation has entered into an asset purchase and perpetual license agreement with Honeywell. Under the agreement, VSE will exclusively manufacture and support certain of Honeywell's fuel control systems on four key engine platforms through its VSE Aviation business.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 12:08 pm

HON

VSEC

VSE Corporation has signed an asset purchase and perpetual license agreement with Honeywell. The deal, worth $105 million, will allow VSE to acquire certain assets and gain a perpetual license for certain Honeywell products.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:05 pm

BROG

Brooge Energy Limited (NASDAQ:BROG) has received a formal acquisition proposal from Gulf Navigation Holdings PJSC, a maritime and shipping giant listed on the Dubai Financial Market. The offer includes a complete takeover of all assets and businesses of Brooge Energy. The transaction, if agreed upon, is expected to close in Q4.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2023 | 11:45 am

PTC

PTC, a software company, has acquired pure-systems, a provider of product and software variant management solutions. The details of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:40 am

BIOS

Avertix Medical, Inc. and BIOS Acquisition Corporation have mutually agreed to terminate their proposed business combination. Avertix is a company focused on improving long-term management and outcomes of high-risk coronary disease in patients who have survived one or more heart attacks, while BIOS is a special purpose acquisition company.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:38 am

LAB

SLGC

Standard BioTools and SomaLogic are reportedly close to finalizing a merger deal, according to Bloomberg. The potential merger could have significant implications for both companies.

Portfolio Pulse from Charles Gross

October 04, 2023 | 11:38 am

NICE

NICE Ltd. has announced its acquisition of LiveVox, a cloud-based contact center platform. The deal is expected to enhance NICE's capabilities in proactive outreach with the power of conversational AI at scale.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:36 am

BA

EADSY

UAL

United Airlines Holdings Inc has announced orders for 110 more aircraft for delivery beginning in 2028. The order includes 50 Boeing Company 787-9 and 60 Airbus SE A321neo aircraft. The orders are part of United's growth strategy, which includes flying larger planes with more available seats on the same route. The new aircraft will also reduce United's per-seat carbon emissions, in line with the airline's expectation to be net zero by 2050.

Portfolio Pulse from Shivani Kumaresan

October 04, 2023 | 11:30 am

AMZN

GOOG

GOOGL

AI startup Anthropic is discussing a new $2 billion funding round with potential investors, including Alphabet Inc's Google, following Amazon's recent commitment to invest up to $4 billion in the company. The company aims to achieve a post-funding valuation of $20 billion - $30 billion, a significant increase from its $4 billion valuation in March. Anthropic is known for its generative AI models and plans to develop a more advanced model, Claude Next, requiring substantial capital due to its resource-intensive nature.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 11:28 am

CIVI

Civitas Resources has announced an acquisition in the Permian Basin for $2.1 billion. The deal is expected to be accretive to the company's earnings.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:04 am