Streetbeat News

Acquisitions Mergers

PACW

PacWest Bancorp has announced a merger with Banc of California, leading to a rise in PacWest's share prices.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 10:06 am

BANC

Banc Of California has announced a merger with PacWest, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 10:06 am

FXI

MXL

SIMO

Silicon Motion's shares have surged by 80% following the approval of its merger with Maxlinear in China. However, Maxlinear's shares have fallen by $8.

Portfolio Pulse from Charles Gross

July 26, 2023 | 9:59 am

SP

SP Plus Corporation has acquired certain assets of Roker, a move that will enhance its existing Sphere suite of solutions. The financial details of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 5:34 am

BANC

PACW

Banc of California, Inc. (BANC) and PacWest Bancorp (PACW) have announced a merger, with PacWest merging into Banc of California. The all-stock merger transaction is expected to position the business banking franchise to take advantage of market opportunities and expand its product offerings. The merger announcement coincided with the companies' respective earnings reports, with both beating analyst consensus estimates for earnings per share.

Portfolio Pulse from Ryan Gustafson

July 25, 2023 | 9:32 pm

MITT

WMC

Terra Property Trust (TPT) has acquired a 5.2% stake in AG Mortgage Investment Trust (MITT), stating that MITT is undervalued. TPT is considering all options to unlock this value, including a strategic combination involving MITT. TPT also reaffirms its commitment to complete the merger with Western Asset Mortgage Capital Corporation (WMC) in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:20 pm

BANC

Banc Of California has announced a merger with PacWest, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:08 pm

BOH

FCNCA

HBAN

KEY

WAL

ZION

Banc of California and PacWest have announced a merger agreement, leading to a rise in regional bank stocks.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:05 pm

FISV

Trintech has acquired the financial reconciliation business from Fiserv. The acquisition includes two leading reconciliation solutions, further enhancing Trintech's portfolio of capabilities. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:04 pm

PACW

PacWest Bancorp has announced a merger with Banc of California, leading to a rise in PacWest's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:01 pm