Streetbeat News

Acquisitions Mergers

ENFN

Enfusion shares are trading higher following a report suggesting the company is attracting takeover interest.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 3:38 pm

ENFN

Enfusion, a provider of cloud-based investment management software, is attracting takeover interest from private equity firms and other potential buyers, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 3:37 pm

LVO

LiveOne Inc (NASDAQ:LVO) has signed a binding letter of intent to acquire Guru Fantasy Sports, Inc. in an all-stock transaction. The acquisition will be integrated into PodcastOne's business, entering the $20 billion fantasy sports market. The deal is expected to add $2.5+ million in revenues and over $600k in EBITDA.

Portfolio Pulse from Akanksha Bakshi

June 26, 2023 | 3:16 pm

SIMO

Silicon Motion shares are trading higher after a report indicated that two Chinese regulators overseeing the semiconductor sector have approved MaxLinear's planned acquisition of the company.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 3:06 pm

BX

PLD

Prologis Inc (NYSE:PLD) has agreed to acquire 14 million square-feet of industrial properties from Blackstone Inc (NYSE:BX) for $3.1 billion in cash. The deal is expected to close by the end of Q2. Prologis reported Q1 2023 revenues of $1.77 billion, up 45%, and core FFO rose 12% Y/Y to $1.22 per share.

Portfolio Pulse from Lekha Gupta

June 26, 2023 | 3:04 pm

MEDS

TRxADE Health (NASDAQ:MEDS) shares surged after the company announced the acquisition of Superlatus, Inc., a US-based holding company of food products and distribution capabilities. The deal will see Superlatus shareholders receive 3,839,176 shares of MEDS, representing 19.99% of the total issued and outstanding stock.

Portfolio Pulse from Erica Kollmann

June 26, 2023 | 2:42 pm

VCIG

VCI Global Ltd (NASDAQ:VCIG) is acquiring a 51% stake in software company Cogia GmbH for $5 million, to be settled by issuing new VCI Global ordinary shares to Cogia AG. The acquisition aims to strengthen VCI Global's presence in global AI-related industries.

Portfolio Pulse from Shivani Kumaresan

June 26, 2023 | 2:37 pm

MEDS

TRxADE Health announced its acquisition of Superlatus, leading to a surge in its share price on strong volume.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 2:32 pm

ARES

PACW

Ares Management Corp (ARES) has acquired a $3.5 billion high-quality portfolio of asset-backed loans from PacWest Bancorp (PACW). The portfolio includes senior-secured loans backed by assets across various industries and asset classes, such as consumer loans, auto loans, and real estate loans.

Portfolio Pulse from Lekha Gupta

June 26, 2023 | 2:25 pm