Streetbeat News

Acquisitions Mergers

MXL

SIMO

MaxLinear's acquisition of Silicon Motion is nearing completion, with approval from Chinese authorities expected soon, according to market sources.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 12:49 pm

NNDM

SSYS

Nano Dimension (NNDM) has increased its special tender offer price for Stratasys (SSYS) shares to $20.05/share in cash and extended the offer period to July 24. NNDM also reiterated its previously announced financial results preview for the quarter ended March 31.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 12:47 pm

BYTS

BYTE Acquisition Corp. (NASDAQ:BYTS) and Airship AI Holdings, Inc. announced a definitive agreement for a business combination, with Airship AI expected to become a public company and list on Nasdaq under the ticker symbol 'AISP'. The transaction is expected to close in Q3 2023.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 12:33 pm

CIR

CIRCOR International (CIR) has accepted a proposal from KKR to increase the price of its previously announced definitive merger agreement from $49 to $51 per common share in cash.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 12:28 pm

ALPA

Alpha Healthcare Acquisition Corp. III (NASDAQ:ALPA) announced a non-binding letter of intent to acquire a commercial stage regenerative medicine company, conditioned upon the closing of ALPA's initial business combination with Carmell Therapeutics Corporation. The target company has approximately $50 million in unaudited TTM net revenue and $5 million in unaudited TTM EBITDA.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 12:25 pm

AEL

RIDE

American Equity Investment Life Holding Company (AEL) shares rose 8.7% in pre-market trading following a report suggesting Brookfield is nearing a deal to acquire the company. Meanwhile, Lordstown Motors Corp. (RIDE) fell 56.2% in pre-market trading after filing for Chapter 11 bankruptcy protection.

Portfolio Pulse from Lisa Levin

June 27, 2023 | 12:19 pm

AMG

Affiliated Managers Group (AMG) has entered into a definitive agreement to acquire a minority equity interest in Forbion Group Holding B.V., a leading pan-European life sciences venture capital and growth equity firm. The transaction is expected to close in the second half of 2023.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 12:05 pm

AEL

BAM

BNRE

American Equity Investment Life Holding Co (AEL) shares are up 15% after receiving a $55 per share acquisition proposal from Brookfield Reinsurance Ltd (BNRE). The deal represents a 35% premium to the closing price as of June 23, 2023, and a 42% premium to the 90-day VWAP for AEL shares.

Portfolio Pulse from Lekha Gupta

June 27, 2023 | 11:49 am

AEL

American Equity Investment Life (AEL) has received a $55 per share acquisition proposal from Brookfield Reinsurance, causing AEL shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:52 am

CIR

KKR

CIRCOR has accepted a proposal from KKR affiliates to increase the price of its definitive merger agreement from $49 to $51 per share, valuing the all-cash transaction at $1.7 billion, including debt assumption.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:36 am