Streetbeat News

Acquisitions Mergers

LSXMA

SIRI

Liberty Media and Sirius XM have announced the final exchange ratio for their split-off, where Liberty SiriusXM shareholders will receive 0.8375 shares of new Sirius stock per share. This will be followed by a merger creating a new public company trading under the symbol 'SIRI'.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:20 pm

JWN

Anne E. Gittinger has reported a 9.4% stake in Nordstrom as of September 3. Erik and Peter Nordstrom are set to engage in discussions with a special committee regarding a potential going private deal.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:17 pm

DXPE

DXP Enterprises, Inc. (NASDAQ:DXPE) has acquired Hartwell Environmental Corporation, enhancing its presence in the water and wastewater industry in Texas and Oklahoma. The acquisition was funded with cash, and no financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:17 pm

EPAM

EPAM Systems is set to acquire NEORIS, aiming to expand its delivery capabilities in Latin America and Europe. This acquisition is expected to enhance client value across key industries. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:06 pm

WISA

WiSA Technologies' shares rose following their announcement of a $210 million asset purchase agreement to acquire Datavault's intellectual property and IT assets.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:04 pm

BX

LBO

PSP

Blackstone Inc. (NYSE:BX) is acquiring AirTrunk, a major data center platform in Asia Pacific, for over A$24 billion, marking its largest investment in the region. This move aligns with the growing demand for digital infrastructure driven by AI and digitization. The acquisition is pending approval from the Australian Foreign Investment Review Board. Blackstone's shares are slightly down premarket.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 12:01 pm

CRGY

Crescent Energy has signed a definitive agreement to acquire assets from a private Eagle Ford operator for $168 million in cash.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:48 am

ESGR

Enstar has announced the expiration of the 35-day 'go-shop' period related to its merger agreement with Sixth Street, a global investment firm. Sixth Street will acquire Enstar for $5.1 billion.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:16 am

GOCO

GoHealth, Inc. (NASDAQ:GOCO) is set to acquire e-TeleQuote Insurance, Inc., a Medicare insurance marketplace firm. The acquisition is expected to close by September 30, 2024, and aims to enhance consumer experiences and drive growth.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:06 am

CRM

FEPI

IGV

Salesforce (CRM) shares are slightly down despite a strong earnings report and a new acquisition of AI company Tenyx. The acquisition aims to enhance Salesforce's AI capabilities in customer service. Investors can also gain exposure through ETFs like IGV and FEPI.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 11:02 am