Streetbeat News

Acquisitions Mergers

ATVI

MSFT

T

Activision Blizzard CEO Bobby Kotick revealed in an interview with Variety that he was prepared to buy Time Warner in 2018. The discussion also touched on the toxic workforce claims and the Microsoft deal.

Portfolio Pulse from Charles Gross

May 31, 2023 | 9:44 pm

COSM

Cosmos Health Inc. plans to acquire and finance Docpharm GmbH for €800,000 in cash, with an additional €1,000,000 provided by a basic credit line from a designated bank account within 10 days of closing the acquisition.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 8:28 pm

BNED

Barnes & Noble Education has closed the sale of its Digital Student Solutions (DSS) segment, allowing the company to focus on growth opportunities within its retail business.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 8:26 pm

DHT

DHT Holdings has announced the acquisition of a 2018-built VLCC for $94.5 million, with delivery scheduled for Q3 2023. The company plans to finance the acquisition with available liquidity and projected mortgage debt, expecting it to be accretive to earnings per share.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 8:20 pm

MLR

Miller Industries (NYSE:MLR) has acquired custom hydraulic cylinder manufacturer Southern Hydraulic Cylinder for $17.5 million in an all-cash transaction. The acquisition aims to improve the stability of Miller Industries' supply chain and is expected to be accretive within the first year.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 8:18 pm

USPH

U.S. Physical Therapy (USPH) has acquired a 75% equity interest in a physical therapy practice with four clinics for $3.1 million. The current practice owners will retain a 25% equity interest. The business generates approximately $2.6 million in annual revenues and 27,000 annual visits.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 8:06 pm

ATVI

MSFT

Microsoft's appeal of the UK Competition and Market Authority's decision to block its acquisition of Activision Blizzard is set for July. Microsoft claims the CMA made critical mistakes in evaluating the company's standing in cloud gaming services.

Portfolio Pulse from Franca Quarneti

May 31, 2023 | 7:26 pm

MRVI

Maravai LifeSciences Holdings' shares are trading higher after private equity firm Thomas H. Lee Partners reportedly made a $17 per share offer for the company.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 7:05 pm

MS

Morgan Stanley's Co-President announced the company will continue to seek deals in the asset or wealth management space that are a good fit, according to Reuters.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 6:52 pm

MRVI

Private equity firm Thomas H. Lee Partners has made a $17 per share bid for Maravai LifeSciences (MRVI), according to a source cited by Street Insider.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 6:32 pm