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Acquisitions Mergers

EMKR

Emcore shares rise as Mobix Labs offers to acquire the company for $3.80 per share in an all-cash deal.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:16 pm

BCSA

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) announced the termination of its business combination agreement with Linqto, Inc. Linqto will pay a $5 million termination fee to BCSA within 30 days.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:08 pm

ITGR

ULBI

Ultralife Corporation is set to acquire Electrochem Solutions from Integer Holdings for $50 million in cash. This acquisition is expected to enhance Ultralife's product offerings and market reach.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:07 pm

EMKR

MOBX

Mobix Labs has submitted a non-binding proposal to acquire EMCORE Corporation for $3.80 per share in cash, representing a 200% premium over EMCORE's current stock price. This acquisition aims to enhance Mobix Labs' competitive strength in the aerospace and defense sector.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:04 pm

T

DirecTV has finalized a merger with Dish Network, allowing AT&T to exit the pay-TV business by selling its 70% stake in DirecTV to TPG for $7.6 billion. The merger, expected to close in Q4 2025, will create a combined entity with 20 million subscribers, aiming to better compete with streaming services.

Portfolio Pulse from Benzinga Neuro

September 30, 2024 | 11:53 am

OR

Osisko Gold Royalties Ltd has secured a $50 million deal to acquire royalties on Spartan Resources' Dalgaranga Gold project in Western Australia. The project is poised for near-term production with significant geological potential, and Osisko expects a 12+ year mine life with low production costs.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:45 am

BWAY

BrainsWay Ltd. has secured a $20 million investment from Valor Equity Partners to expand its TMS technology. The investment will strengthen BrainsWay's balance sheet and strategic initiatives, while Valor gains board representation.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:34 am

MMC

Marsh McLennan (NYSE:MMC) is set to acquire McGriff Insurance Services for $7.75 billion, enhancing its capabilities in various insurance sectors. The deal is expected to close by year-end, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:31 am

TEX

Terex Corporation plans to raise $1.25 billion through a term loan and $750 million via senior notes to fund its acquisition of Dover Corporation's Environmental Solutions Group. The company is also amending its credit agreement to increase its revolving credit facilities.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:28 am

TTEC

TTEC Holdings, Inc. has received a proposal from its CEO, Kenneth Tuchman, to take the company private at $6.85 per share, a 69% premium over the current stock price. The proposal is non-binding and subject to various conditions, including financing and approval by a special committee and minority shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:07 am