Streetbeat News

Acquisitions Mergers

JBLU

SAVE

JetBlue has set June 26, 2023, as the record date for the June 2023 prepayment to Spirit stockholders of $0.10 per Spirit share, with payment to occur on June 30, 2023, as part of the Merger Agreement between JetBlue, Sundown Acquisition Corp., and Spirit Airlines.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 1:03 pm

SQSP

Squarespace has entered into a definitive agreement to acquire Google Domains assets, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 1:01 pm

AAWH

Ascend Wellness Holdings (OTCQX:AAWH) plans to raise $7 million through a private placement offering, selling 9.9 million shares of class A common stock at $0.71 per share. The proceeds will be used to pursue acquisitions in the cannabis industry.

Portfolio Pulse from Vuk Zdinjak

June 16, 2023 | 12:55 pm

WAB

Wabtec has acquired L&M Radiator, a heavy-duty equipment radiators and heat exchangers manufacturer, for $230 million in cash. The acquisition will help Wabtec expand its installed base and recurring revenue in mining, engine cooling, and heat transfer solutions.

Portfolio Pulse from Shivani Kumaresan

June 16, 2023 | 12:32 pm

CUBI

Customers Bancorp (NYSE:CUBI) has acquired a $631 million venture banking loan portfolio from the FDIC at approximately 85% of book value. The company has also recruited 30 team members from the group that originated these loans to service the venture-backed growth industry.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 12:31 pm

ESTE

NOG

Earthstone Energy (ESTE) has acquired Novo Oil & Gas Holdings for $1.5 billion, while Northern Oil & Gas (NOG) has acquired a 33.33% stake in Novo assets for $500 million. Analysts have raised their price targets on ESTE following the acquisition.

Portfolio Pulse from Lisa Levin

June 16, 2023 | 12:28 pm

AMZN

IRBT

The Competition and Markets Authority (CMA) has cleared Amazon's $1.7 billion acquisition of iRobot, the maker of Roomba vacuum cleaners. The deal is not expected to hamper competition in the UK, as iRobot's market position is modest and faces significant rivals.

Portfolio Pulse from Anusuya Lahiri

June 16, 2023 | 12:12 pm

ORCL

Oracle Corp has downsized its health unit, including Cerner, which it acquired for $28.3 billion in December 2022, by laying off hundreds of employees and cutting back open positions. The move follows Cerner's challenged work with the U.S. Department of Veterans Affairs. Oracle's Q4 revenue increased 17% YoY to $13.8 billion, beating analyst estimates.

Portfolio Pulse from Anusuya Lahiri

June 16, 2023 | 12:09 pm

AMRK

A-Mark Precious Metals' direct-to-consumer subsidiary, JM Bullion, has acquired the assets of BullionMax. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 12:05 pm

WAB

Wabtec Corporation has acquired L&M Radiator, Inc. for $203 million, expanding its product portfolio and global footprint.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 12:02 pm