Streetbeat News

Acquisitions Mergers

IBM

IBM has signed a deal with Vista Equity Partners to acquire Apptio Inc for $4.6 billion. Apptio is a leader in FinOps software and has over 1,500 clients, serving over half of the Fortune 100. The acquisition will accelerate IBM's IT automation capabilities and enhance business value across technology investments.

Portfolio Pulse from Anusuya Lahiri

June 26, 2023 | 2:09 pm

XFIN

Baird Medical, a leading microwave ablation (MWA) medical device developer in China, is set to go public on NASDAQ through a business combination with ExcelFin Acquisition Corp. The combined company will have an estimated post-transaction enterprise value of $370 million and will operate as Baird Medical Investment Holdings Limited under the ticker symbol BDMD.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 1:55 pm

NDSN

Nordson Corporation (NASDAQ:NDSN) has agreed to acquire ARAG Group and its subsidiaries for $1 billion in an all-cash transaction. ARAG is a global leader in precision control systems and smart fluid components for agricultural spraying. The acquisition is expected to close in Nordson's fourth quarter.

Portfolio Pulse from Akanksha Bakshi

June 26, 2023 | 1:26 pm

PACW

PacWest Bancorp's shares are trading higher after Ares Management acquired the bank's $3.5 billion specialty finance loan portfolio. The acquisition is expected to improve PacWest's liquidity and capital, allowing the bank to focus on relationship-based community banking.

Portfolio Pulse from Adam Eckert

June 26, 2023 | 1:17 pm

AMED

OPCH

Option Care Health (OPCH) has terminated its merger agreement with Amedisys (AMED) and will receive a $106 million termination fee. The company will incorporate the fee into its capital allocation strategy.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 1:10 pm

RIOT

Riot Blockchain has purchased 7.6 EH/s of next-generation miners from MicroBT for a total consideration of $162.9 million, expanding its mining capacity.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 1:04 pm

KNDI

Kandi Technologies' subsidiary SC Autosports has acquired Northern Group for 3,951,368 restricted shares valued at $13 million.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 12:36 pm

AMED

UNH

Amedisys, Inc. has entered into a merger agreement with Aurora Holdings Merger Sub Inc., a subsidiary of UnitedHealth Group, for the acquisition of Amedisys's outstanding stock at $101 per share in an all-cash transaction. Amedisys will become a wholly-owned subsidiary of UnitedHealth Group after the merger.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 12:36 pm

FREE

Whole Earth Brands received a non-binding proposal from Martin Franklin to acquire the company for $4 per share in cash, according to a 13D filing.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 12:28 pm

SYY

Sysco Corporation's specialty produce company, FreshPoint, has agreed to acquire BIX Produce, a leading produce specialty and fresh cut distributer based in Minnesota. The acquisition will expand FreshPoint's geographic footprint, strengthen specialty produce offerings, and add a 200,000 sq. ft. production and warehouse facility.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 12:16 pm