Streetbeat News

Acquisitions Mergers

MANU

Manchester United is still in negotiations with multiple parties for a potential sale, including Qatari banker Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe's Ineos Group. The club's share price has risen, suggesting investors believe a deal is likely.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:25 pm

BBBYQ

OSTK

Bed Bath & Beyond (OTC:BBBYQ) shares are trading higher after Overstock.com (NASDAQ:OSTK) emerged as a stalking-horse bidder, offering more than $20 million for the bankrupt retailer's assets, including intellectual property and data.

Portfolio Pulse from Aaron Bry

June 15, 2023 | 4:21 pm

NEX

PTEN

NexTier Oilfield Solutions announced a definitive merger agreement with Patterson-UTI in an all-stock merger of equals transaction, causing NexTier shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 3:52 pm

NEX

PTEN

Patterson-UTI Energy (PTEN) has announced a merger with NexTier Oilfield (NEX) worth $5.40 billion, expected to be completed in Q4 of 2023. The payment method has not been disclosed.

Portfolio Pulse from Benzinga Insights

June 15, 2023 | 3:10 pm

MANU

Manchester United Ltd (NYSE:MANU) shares surged following reports of the company negotiating exclusivity with Qatar's Sheikh Jassim in a $6 billion+ sale deal. The Glazer family prefers the Qatari bid over British billionaire Jim Ratcliffe's bid.

Portfolio Pulse from Adam Eckert

June 15, 2023 | 3:08 pm

MANU

Manchester United shares are trading higher after a report suggests the company is negotiating granting exclusivity to Qatar's Sheikh Jassim in $6 billion sale negotiations.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 3:02 pm

ESTE

NOG

Earthstone Energy (ESTE) has agreed to acquire Novo Oil & Gas Holdings for $1.5 billion, while Northern Oil & Gas (NOG) will acquire a 33.33% stake in Novo assets for $500 million. The acquisition will increase ESTE's Delaware Basin acreage position by 11,300 net acres. The deal is expected to close in Q3 2023.

Portfolio Pulse from Lekha Gupta

June 15, 2023 | 2:46 pm

MANU

Manchester United PLC is in negotiations with Qatar's Sheikh Jassim for granting exclusivity in a potential $6B+ sale of the club.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:38 pm

PTEN

Patterson-UTI Energy and NexTier Oilfield Solutions have entered a definitive merger agreement to combine in an all-stock merger of equals transaction.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:28 pm

CSL

Carlisle Companies Inc (NYSE:CSL) has agreed to sell Carlisle Fluid Technologies (CFT) to an affiliate of Lone Star Funds for $520 million. The transaction is expected to close in Q3 2023. CFT reported $297 million in revenue in 2022.

Portfolio Pulse from Shivani Kumaresan

June 15, 2023 | 2:23 pm