Streetbeat News

Acquisitions Mergers

MANU

Manchester United shares are trading higher after reports of a successful acquisition bid by Qatari investors.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:00 am

NEX

PTEN

NexTier Oilfield Solutions (NEX) and Patterson-UTI Energy (PTEN) are reportedly in merger talks, which could create a significant player in the oil field services industry. However, a deal is not imminent and there is no certainty that the talks will materialize into an agreement.

Portfolio Pulse from Lekha Gupta

June 13, 2023 | 10:57 am

BG

Bunge has agreed to merge with private company Viterra Limited in a stock and cash transaction, causing Bunge shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 10:53 am

MANU

ORCL

U.S. stock futures traded higher with Oracle, Manchester United, and other big stocks recording gains in Tuesday's pre-market session. Oracle reported better-than-expected Q4 results, while Manchester United received a bid from Qatari investors.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 10:42 am

CNM

Core & Main Inc (NYSE:CNM) has agreed to acquire J.W. D'Angelo Co Inc, a fire protection and waterworks products service provider with three locations in Southern California, for an undisclosed sum. The acquisition will expand CNM's presence and service capabilities in the region.

Portfolio Pulse from Shivani Kumaresan

June 13, 2023 | 10:37 am

NNDM

SSYS

Nano Dimension has reaffirmed its $18 per share all-cash tender offer for Stratasys shareholders and demands an Extraordinary General Meeting to replace the majority of Stratasys Board of Directors with nominees proposed by Nano.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 10:27 am

BG

Bunge has agreed to merge with Viterra in a stock and cash transaction worth approximately $8.2 billion. Viterra shareholders will receive around 65.6 million Bunge shares, valued at $6.2 billion, and $2 billion in cash.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 10:19 am

AMZN

AVGO

NDAQ

TSLA

VMW

The S&P 500 and Nasdaq reached their highest levels since April 2022, with investors awaiting inflation data and the Fed's interest rate decision. Nasdaq, Inc. shares dropped 12% after announcing the acquisition of Adenza, while Broadcom Inc. shares gained 6% on reports of EU approval for its VMware acquisition. The Nasdaq 100 rose 1.76% amid gains in Amazon and Tesla shares.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 9:30 am

NEX

PTEN

NexTier Oilfield Solutions and Patterson-UTI Energy have held merger talks, according to the Wall Street Journal. The potential merger could create a larger oilfield services company.

Portfolio Pulse from Charles Gross

June 13, 2023 | 8:42 am

MANU

Manchester United shares are trading higher after reports of a successful acquisition bid by Qatari investors.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 9:46 pm