Streetbeat News

Acquisitions Mergers

KC

KDNY

WETG

US stocks opened higher with the Nasdaq Composite gaining over 50 points. Information technology shares jumped by 0.9%, led by WeTrade Group and Kingsoft Cloud Holdings. Novartis agreed to acquire Chinook Therapeutics for $40 per share in cash.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 2:06 pm

CWH

Camping World Holdings (NYSE:CWH) has announced the acquisition of Funtime RV in Oregon, expected to close in Q3 2023. This will increase the company's Oregon location count to nine. Camping World has also recently acquired Halterman's RV, Roy Robinson RV Center, and Hitch RV.

Portfolio Pulse from Lekha Gupta

June 12, 2023 | 1:51 pm

EURN

Euronav, a leading tanker company, has reportedly attracted takeover interest according to Betaville reports.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 1:43 pm

GLNCY

TECK

Glencore has submitted a proposal to acquire Teck Resources' steelmaking coal business for cash. The deal would allow Glencore to exit the thermal coal business by combining it with Teck's steelmaking coal operations. Teck is in talks with Glencore, but no deal is guaranteed.

Portfolio Pulse from Akanksha Bakshi

June 12, 2023 | 1:42 pm

GTLS

IR

Chart Industries has agreed to sell its Roots business to Ingersoll Rand for $300 million, with the deal expected to close in Q3 2023. GTLS reiterated its full-year 2023 outlook and will treat Roots as assets held for sale. GTLS shares are trading higher by 0.59% at $132.26 in premarket.

Portfolio Pulse from Shivani Kumaresan

June 12, 2023 | 1:30 pm

ICAGY

RYAAY

Ryanair plans to buy slots that International Consolidated Airlines Group (IAG) may sell for its planned acquisition of Air Europa. Ryanair is interested in slots in Canary and Balearic Islands and in Madrid as they are in a growth phase in Spain.

Portfolio Pulse from Akanksha Bakshi

June 12, 2023 | 1:11 pm

NAAS

NaaS Technology is set to acquire 89.99% of issued and outstanding shares of Sinopower Holdings International for approximately $6.1 million from an existing shareholder.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 1:09 pm

QCOM

Qualcomm's Head of AI Business revealed in an exclusive interview that the company is actively seeking more mergers and acquisitions in the AI space in the future.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 1:05 pm

BX

Blackstone has announced a majority investment in New Tradition Media, a leading out-of-home advertising company. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 1:02 pm

ASST

CFLT

IFBD

NDAQ

QCOM

Qualcomm's AI unit head will interview on Benzinga's PreMarket Prep show, Nasdaq shares drop 9% after acquiring Adenza, Confluent to host investor day event, Asset Entities shares surge 150% after announcing AI bot for Discord, and Infobird shares rise 50% on no news.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:57 pm