Streetbeat News

Acquisitions Mergers

AEL

BAM

American Equity's Board of Directors confirmed receiving a $55 per share acquisition proposal from Brookfield Reinsurance. The offer includes $38.85 per share in cash and $16.15 per share in Brookfield Asset Management Ltd.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:32 am

DDD

SSYS

3D Systems has submitted an enhanced proposal to combine with Stratasys, offering $20 per share, a 33% premium to Stratasys' closing price on May 24, 2023. The offer includes $7.50 in cash and 1.3223 newly issued shares of 3D Systems common stock.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:17 am

YRD

Yiren Digital has entered an agreement to acquire 100% equity interest in Chongqing Jintong for RMB204.9 million. Chongqing Jintong primarily operates financing guarantee business and provides relevant financing advisory services.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 10:03 am

MSFT

TRI

Thomson Reuters Corp (NYSE:TRI) has agreed to acquire California-based legal technology provider Casetext for $650 million in cash. The acquisition will complement Thomson Reuters' AI roadmap and build on its recent initiatives, including a planned investment of over $100 million annually on AI capabilities.

Portfolio Pulse from Lekha Gupta

June 27, 2023 | 9:10 am

AEL

HOOD

JEF

SNX

WBA

Walgreens, TD Synnex, American Equity, Robinhood, and Jefferies Financial are stocks to watch on Tuesday. Walgreens and TD Synnex are expected to report earnings, while American Equity is reportedly close to being acquired by Brookfield. Robinhood is cutting 7% of its full-time staff due to reduced customer engagement and trading activity.

Portfolio Pulse from Lisa Levin

June 27, 2023 | 8:14 am

TRI

Thomson Reuters Corporation (TSX:TRI) has signed a definitive agreement to acquire Casetext, a California-based provider of AI technology for legal professionals, for $650 million cash. The acquisition will complement Thomson Reuters' existing AI roadmap and build on its recent initiatives, including a commitment to invest over $100 million annually on AI capabilities.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 2:14 am

AREN

Group Black is in talks to acquire a majority stake in Arena Group Holdings (NYSEAMERICAN: AREN), publisher of over 50 publications including Sports Illustrated. The acquisition news caused AREN's stock price to surge, closing up 12.60% at $4.11 and up 7.54% after market at $4.42.

Portfolio Pulse from Benzinga Staff

June 26, 2023 | 11:25 pm

ABCM

Starboard Value LP has expressed support for Abcam to run a full sale process, believing there is significant value in the company and aiming to maximize value for all shareholders.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 10:02 pm

AREN

Private equity firm Group Black is reportedly in talks to acquire a majority stake in sports media company Arena Group, the publisher of Sports Illustrated.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 8:55 pm

AEL

American Equity shares are trading higher following a report suggesting Brookfield is nearing a deal to acquire the company.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 8:42 pm