Streetbeat News

Acquisitions Mergers

LLY

NVO

RHHBY

Roche Holdings AG is accelerating the development of its obesity drug CT-388, aiming for over $3 billion in sales. The company is also cutting drug development costs and time, with plans to launch 20 transformative medicines by 2030. Roche is expanding its portfolio with a $850 million acquisition from Regor Pharmaceuticals.

Portfolio Pulse from Vandana Singh

September 30, 2024 | 3:39 pm

CVX

HES

The Federal Trade Commission (FTC) has approved Chevron's $53 billion acquisition of Hess Corporation. This decision allows Chevron to proceed with the acquisition, potentially impacting the oil and gas industry landscape.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:02 pm

CVX

HES

FTX has approved Chevron's $53 billion acquisition of Hess Corp, marking a significant move in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:40 pm

BWAY

BrainsWay Ltd. (NASDAQ:BWAY) shares rose after announcing a $20 million investment from Valor Equity Partners. The investment involves issuing 2,103,745 ADSs at a 20% premium. The funds will support strategic initiatives and expand access to Deep TMS technology.

Portfolio Pulse from Dylan Berman

September 30, 2024 | 2:39 pm

CVX

HES

The FTC has issued a consent order preventing John Hess, CEO of Hess Corporation, from joining Chevron's board following Chevron's acquisition of Hess. This move is part of regulatory measures to ensure fair competition.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:35 pm

TTEC

TTEC Holdings Inc shares surged by 30.9% after CEO Kenneth Tuchman proposed to take the company private at $6.85 per share, a 55% premium on the recent stock price. The Board has formed a Special Committee to review the proposal, which is contingent on financing and shareholder approval.

Portfolio Pulse from Henry Khederian

September 30, 2024 | 2:28 pm

SATS

EchoStar shares fell after announcing DirecTV will acquire its video business, including Dish TV, in an $11.7 billion debt exchange deal.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:19 pm

BKD

DHC

Diversified Healthcare Trust (DHC) shares rose following the announcement of selling 18 senior living communities to Brookdale for $135 million.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:12 pm

SATS

EchoStar Corp (NASDAQ:SATS) shares fell after announcing DirecTV will acquire its video distribution business, including DISH TV and Sling TV, through a debt exchange. The deal aims to improve EchoStar's financial profile and focus on its 5G network. EchoStar also secured $2.5 billion in financing and plans to issue $5.1 billion in new senior secured notes.

Portfolio Pulse from Adam Eckert

September 30, 2024 | 1:50 pm

TPG

Creative Planning, a leading independent wealth management firm, has received a substantial minority investment from TPG Capital, a global alternative asset management firm. The investment aims to enhance Creative Planning's service offerings and growth trajectory. Terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:50 pm