Streetbeat News

Acquisitions Mergers

IGT

Apollo Global Management is reportedly among the potential suitors interested in acquiring the global gaming unit of International Game Technology (IGT). This has led to a rise in IGT's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:01 pm

NNDM

SSYS

Nano Dimension (NNDM) has announced its intention to vote against the proposed merger between Stratasys (SSYS) and Desktop Metal. NNDM is urging other SSYS shareholders to join in opposition to the merger.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:59 pm

ABCM

DHR

Abcam founder and major investor, Jonathan Milner, has announced his opposition to the proposed acquisition of Abcam by Danaher Corporation. He has requested a general meeting to replace the company's board, CEO, CFO, and Chairman.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:13 pm

GXO

PFSW

GXO Logistics, Inc. (NYSE:GXO) has announced a definitive agreement to acquire PFSweb, Inc. (NASDAQ:PFSW) for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb's cash balance of $39 million at June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:06 pm

AAPL

GOOGL

META

MSFT

NVDA

Microsoft-backed OpenAI is expanding its global presence with a new office in Dublin, Ireland. This follows the establishment of its first non-US office in London. OpenAI has also listed nine job openings in Ireland, indicating its plans to grow its team. The company joins other tech giants such as Meta Platforms, Alphabet, LinkedIn, and Apple in establishing a base in Ireland. OpenAI aims to generate over $1 billion in revenue over the next 12 months from selling AI software and computing capacity.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 11:56 am

FSV

FirstService Corporation has recently completed three tuck-under acquisitions to expand its restoration services. The terms of the transactions were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 11:38 am

CVX

XOM

CrownRock, backed by billionaire Timothy Dunn, is reportedly preparing for a potential sale that could surpass $10 billion, marking a significant milestone in the U.S. oil and gas industry. The company has initiated discussions with investment banks to oversee the sale process. Oil industry giants like Exxon Mobil Corp and Chevron Corp are expected to be approached for the potential acquisition. The decision to explore a sale is driven by the recent upswing in oil prices and high demand for positions in the prosperous Permian basin, where CrownRock operates.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 11:29 am

BAER

Bridger Aerospace Group Holdings has acquired Ignis Technologies for $3 million, with an additional contingent earn-out consideration of up to $9 million. The acquisition is aimed at expanding Bridger's wildland fire software offerings.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 11:05 am

NBSE

Symetryx Corporation has proposed a specific company as a potential merger candidate to Neubase (NBSE) on September 13, 2023, and offered to facilitate an introduction if there is interest.

Portfolio Pulse from Charles Gross

September 14, 2023 | 10:12 am

NEWR

New Relic announced that the HSR waiting period has expired and none of the 53 parties contacted submitted a competing acquisition proposal during the 'Go-Shop' period. The deal with Francisco Partners & TPG remains on track to close late 2023 or early 2024.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 10:10 am