Streetbeat News

Acquisitions Mergers

NDAQ

Nasdaq announced the acquisition of Adenza for $10.5 billion in cash and stock, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:02 am

DHC

OPI

D. E. Shaw Galvanic Portfolios filed a 13D expressing opposition to the deal between Diversified Healthcare (DHC) and Office Properties Income Trust (OPI) on May 12.

Portfolio Pulse from Charles Gross

June 12, 2023 | 10:55 am

KDNY

ORCL

XPEV

Several stocks recorded gains in today's pre-market trading session, including Chinook Therapeutics, which jumped 66.8% after agreeing to be acquired by Novartis AG. XPeng's shares climbed 9.6% following strong pre-sale orders for its new SUV, the G6. Other notable gainers include Braskem, Paramount Global, Olo Inc., Kingsoft Cloud Holdings, Archer Aviation, Amprius Technologies, Intellia Therapeutics, NIO, and Oracle Corporation.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 10:55 am

APRN

Blue Apron Holdings has entered into definitive agreements with Freshrealm, selling its production and fulfillment operational infrastructure to the company.

Portfolio Pulse from Charles Gross

June 12, 2023 | 10:52 am

AVGO

MRVL

VMW

Broadcom is likely to receive conditional EU antitrust approval for its proposed $61 billion acquisition of VMware. The approval is linked to Broadcom's interoperability remedies to rivals, addressing competition concerns, with one remedy targeted at Marvell Technology.

Portfolio Pulse from Akanksha Bakshi

June 12, 2023 | 10:47 am

AAC

X-energy and Ares Acquisition (AAC) have revised their business combination terms, reducing X-energy's pre-money equity value from $2.1 billion to $1.8 billion. The companies believe this change will create a more attractive entry point for investors and reinforce long-term value creation.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 10:32 am

SOL

Emeren Group has agreed to sell a portfolio of 6 rooftop distributed generation (DG) projects in Henan province, totaling 29 MW, to CNNP Rich Energy Co., Ltd., a leader in the China renewable energy sector. Terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 10:06 am

NDAQ

Nasdaq has agreed to acquire Adenza from Thoma Bravo for $10.5B in cash and shares of common stock. The acquisition will help Nasdaq become the trusted fabric of the world's financial system. Upon closing, Holden Spaht, a Managing Partner at Thoma Bravo, will join Nasdaq's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 10:02 am

KDNY

NVS

Chinook Therapeutics' stock is up following Novartis' agreement to acquire the company for $40 per share.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 9:58 am

NDAQ

Nasdaq has agreed to acquire Adenza, a software maker used by banks and brokerages, in a $10.5 billion cash-and-stock deal, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

June 12, 2023 | 9:47 am