Streetbeat News

Acquisitions Mergers

IBM

IBM is close to acquiring software company Apptio for about $5 billion, which would provide the technology giant with greater automation capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2023 | 1:35 am

ILMN

TWTR

FTC Chair Lina Khan is set to testify on July 13 before the House Judiciary Committee, which has criticized her leadership and the FTC's privacy investigation into Twitter following its acquisition by Elon Musk. The committee has also questioned the FTC's approach to the merger of Illumina and Grail.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2023 | 1:34 am

ERYP

ERYTECH has announced the approval of its merger with Pherecydes, and the combined company will be renamed Phaxiam Therapeutics. The merger aims to create a world leader in phage therapy.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 8:33 pm

FCPT

Four Corners Property Trust (FCPT) has announced the acquisition of a Texas Roadhouse property for $3.7 million.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 8:16 pm

CFMS

MEDS

SMX

SPCE

SWBI

XAIR

US stocks traded lower with the Dow Jones dropping around 200 points on Friday. The S&P Global manufacturing PMI dropped to 46.3 in June from 48.4 in May. Shares of TRxADE HEALTH, Conformis, and Smith & Wesson Brands spiked higher, while Beyond Air, Virgin Galactic Holdings, and SMX Public Limited Company shares dropped.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 7:53 pm

BA

EWG

Germany plans to purchase 60 Chinook helicopters from Boeing for up to €8 billion, including necessary infrastructure works in Germany, according to a parliamentary source cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 5:56 pm

DKNG

DraftKings and Fanatics are competing to acquire PointsBet's US business after a failed $48 billion merger between DraftKings and Fanatics in 2021. DraftKings recently made a surprise $195 million bid for PointsBet, topping Fanatics' $150 million deal.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 5:16 pm

CFMS

MEDS

SMX

SPCE

SWBI

XAIR

US stocks traded lower with the Nasdaq Composite dropping over 100 points on Friday. The S&P Global manufacturing PMI dropped to 46.3 in June from 48.4 in May. TRxADE HEALTH, Conformis, and Smith & Wesson Brands saw their shares rise, while Beyond Air, Virgin Galactic Holdings, and SMX experienced declines.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 4:04 pm

BYN

Pinstripes Inc plans to go public via a merger with Banyan Acquisition Corp (NYSE:BYN) at a pro forma enterprise value of $520 million. Upon completion, Pinstripes will trade on the NYSE under PNST and warrants under PNST WS. The transaction is expected to close in 4Q23.

Portfolio Pulse from Akanksha Bakshi

June 23, 2023 | 3:32 pm

KBE

KRE

SPY

XLF

Treasury Secretary Janet Yellen expects more bank mergers this year due to higher interest rates and recent banking turmoil, making it more expensive for banks to retain depositors.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 3:12 pm