Streetbeat News

Acquisitions Mergers

E

ENI's CEO announced that the company is in discussions with a strategic partner to sell a stake in its low-carbon unit, Plenitude. Following this, an IPO is expected.

Portfolio Pulse from Charles Gross

September 27, 2023 | 9:04 am

IMAX

Proxy advisory group ISS has advised investors of IMAX China to support the privatization deal with IMAX Corporation. This could potentially lead to a change in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:46 am

BYDIF

JBL

Jabil has signed a definitive agreement to sell its Mobility business to BYD Electronic for $2.2 billion. The Mobility business, which manufactures components for consumer electronics, is mainly located in Chengdu and Wuxi, China.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:19 am

CCOEF

MSFT

Capcom Co., Ltd's COO Haruhiro Tsujimoto stated that the company would decline any potential acquisition offer from Microsoft Corp. This statement was made in response to leaked documents showing Capcom as a potential acquisition target for Microsoft. Tsujimoto emphasized Capcom's preference for organic growth and developing talent in-house, stating that the company has no intention of acquiring other companies.

Portfolio Pulse from Franca Quarneti

September 26, 2023 | 10:21 pm

CPK

NEE

Chesapeake Utilities has agreed to acquire Florida City Gas from NextEra Energy for $923 million in cash. This acquisition is expected to expand Chesapeake's operations in Florida.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 10:02 pm

ACAQ

Athena Consumer Acquisition (ACAQ) has announced its intention to voluntarily delist from NYSE American LLC. The company also reported that the post-combination company plans to list on Nasdaq following the completion of a pending business combination.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:38 pm

SPSC

SPS Commerce has acquired The Order Exchange, a company specializing in EDI system automation and a long-term strategic partner of SPS Commerce. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:34 pm

MITAU

Coliseum Acquisition has reported its fourth extension of the deadline to complete its initial business combination. The deadline has been extended to October 25, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:12 pm

GNSS

Genasys has entered into a definitive agreement to acquire Evertel Technologies in a cash and stock deal worth $5.8 million.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:03 pm

MSFT

Artificial intelligence firm OpenAI is reportedly discussing a share sale that could increase its valuation to $90 billion, a threefold increase from its earlier valuation. Microsoft Corp., which owns a 49% stake in OpenAI, is expecting revenues of $1 billion this year. The proposed share sale is designed to allow OpenAI's employees to sell their existing shares. Despite this news, Microsoft's stock closed 1.7% lower on Tuesday.

Portfolio Pulse from Piero Cingari

September 26, 2023 | 8:50 pm