Streetbeat News

Acquisitions Mergers

WOR

Worthington Enterprises expresses a positive long-term outlook, citing recent interest rate recalibrations and their strong balance sheet. They aim to leverage their business system for transformation, innovation, and M&A to drive growth and reward shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:33 pm

CVLT

Commvault has acquired Clumio for approximately $47 million. The acquisition aims to enhance Commvault's capabilities in protecting large data sets, particularly for AI workloads, as the focus in the cyber landscape shifts towards resilience.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:29 pm

AHR

American Healthcare REIT has acquired the remaining 24% membership interest in Trilogy REIT Holdings for approximately $258 million. This acquisition consolidates AHR's ownership in Trilogy REIT Holdings.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:18 pm

TRIB

Trinity Biotech has acquired Metabolomics Diagnostics, valuing it at $1.3M. The acquisition includes cash, liabilities, and over 270,000 Trinity Biotech ADS. The PrePsia test for preeclampsia will be commercialized in the U.S. by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:09 pm

TRIB

Trinity Biotech has acquired Metabolomics Diagnostics, gaining access to the PrePsia test, which predicts preeclampsia risk in pregnant women. The test will be commercialized in the U.S. by 2025, enhancing Trinity's diagnostic capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:09 pm

LWAY

Lifeway Foods has received a non-binding proposal from Danone North America to acquire the company at $25.00 per share. Danone currently owns 23.4% of Lifeway's stock. Shareholders are advised not to take any action yet.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:08 pm

CRM

Salesforce has signed a definitive agreement to acquire Zoomin. The acquisition will not affect Salesforce's current financial guidance.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:02 pm

LBRDA

LBRDK

Liberty Broadband shares are rising following the company's announcement of a counterproposal to Charter for a proposed business combination.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:23 pm

TRS

TriMas shares are experiencing increased trading volume due to circulating unconfirmed rumors about potential takeover interest in the company.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:17 pm

INTC

QCOM

Intel shares are trading higher due to speculation of a potential takeover by Qualcomm. Qualcomm is reportedly considering acquiring Intel to diversify its business. Meanwhile, Intel launched its Xeon 6 with P-cores and Gaudi 3 AI accelerators, enhancing its AI capabilities. Intel's stock has decreased by 32.61% over the past year but has risen 13.25% in the past month. The stock is currently considered overbought with an RSI of 83.7.

Portfolio Pulse from Erica Kollmann

September 24, 2024 | 5:39 pm