Streetbeat News

Acquisitions Mergers

FMBH

First Mid Bancshares has received approval for its merger with Blackhawk Bancorp from the Board of Governors of the Federal Reserve System on May 26.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 2:19 pm

AAIC

AI

ETRN

US stocks traded mixed with the Nasdaq Composite gaining over 1% on Tuesday. The S&P CoreLogic Case-Shiller home price index declined 1.1% YoY in March. Arlington Asset Investment Corp. (AAIC) shares rose 46% after Ellington Financial announced plans to acquire the company. Equitrans Midstream Corporation (ETRN) shares rose 39% after RBC Capital upgraded the stock. C3.ai, Inc. (AI) shares gained 21% in anticipation of the company's quarterly results.

Portfolio Pulse from Lisa Levin

May 30, 2023 | 2:11 pm

CLIN

Clean Earth Acquisitions Corp and Alternus have agreed to extend the termination date for their business combination agreement to November 28.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 1:38 pm

ATVI

FXI

MSFT

China's State Administration for Market Regulation (SAMR) has approved Microsoft's $69-billion acquisition of Activision Blizzard. The deal has been approved by nearly 40 countries but still faces antitrust scrutiny in the US and UK. Activision Blizzard's titles have been popular in China, but many were pulled from the market due to a dispute with NetEase.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 1:36 pm

GRNA

GreenLight Biosciences is set to be acquired by a group of buyers led by Fall Line Capital in an all-cash transaction valuing the company at approximately $45.5 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 1:33 pm

AAIC

Arlington Asset Investment Corp (NYSE:AAIC) shares are trading higher after Ellington Financial announced plans to acquire the company. Arlington shareholders will receive 0.3619 shares of Ellington for each share held, plus 9 cents per share in cash. Upon closing, Ellington shareholders will own 85% of the combined company, and Arlington shareholders will own 15%.

Portfolio Pulse from Adam Eckert

May 30, 2023 | 1:25 pm

AAIC

Arlington Asset Investment shares are trading higher after Ellington Financial announced plans to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 1:23 pm

CPB

Flagstone Foods has acquired Emerald Nuts from Campbell Soup Company (NYSE:CPB), expanding its portfolio with a leading snack nut brand in the United States. The acquisition is expected to drive growth for both Flagstone and its retail partners.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 1:22 pm

DTRUY

TM

Toyota Motor Corp and Daimler Truck Holding AG have signed a memorandum of understanding to merge their truck operations in Japan. The companies will equally invest in the holding company of the merged MFTBC and Hino, collaborating in commercial vehicle development, procurement, production, carbon neutrality, and CASE technologies.

Portfolio Pulse from Shivani Kumaresan

May 30, 2023 | 1:17 pm

AJG

Arthur J. Gallagher & Co. has acquired Bernard Benefits and Bernard Healthcare Financial Planning, expanding its employee benefits consulting and brokerage services. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 1:12 pm