Streetbeat News

Acquisitions Mergers

NNDM

SSYS

Stratasys' board unanimously rejected Nano Dimension's partial tender offer to acquire Stratasys shares for $18.00 per share, stating it undervalues the company and is not in the best interests of shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 10:03 am

VRSK

Verisk (NASDAQ:VRSK) has acquired Morning Data, a software supplier for brokers and managing general agents (MGAs) globally. The acquisition will help Verisk expand its solutions for straight-through processing and distribution to SME brokers, coverholders, MGAs, captives, and (re)insurers.

Portfolio Pulse from Charles Gross

May 30, 2023 | 9:22 am

APO

Apollo Global Management (NYSE:APO) has announced that its affiliates will acquire United Living Group, a leading provider of essential infrastructure, social housing maintenance, and construction services in the UK. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 7:48 am

AVCNF

Avicanna Inc. (AVCNF) has signed a definitive Asset Purchase Agreement with Shoppers Drug Mart to acquire assets of Shoppers' medical cannabis business for approximately $2.6 million. The deal is set to finalize on July 31, 2023, and Avicanna will launch its new platform, MyMedi.ca, by the closing date.

Portfolio Pulse from Javier Hasse

May 29, 2023 | 3:07 pm

ACN

Accenture plans to acquire Brazil-based sustainability consultancy Green Domus to enhance its Sustainability Services team. Financial terms of the transaction have not been disclosed.

Portfolio Pulse from Charles Gross

May 29, 2023 | 2:12 pm

AAPL

SPOT

Nine years ago, Apple made its biggest acquisition by purchasing Beats Electronics for $3 billion. If an investor had invested $1,000 in Apple at that time, their investment would now be worth $248,058.02, a 24,705% gain. Apple's acquisition of Beats helped the company launch its Apple Music streaming service, which is expected to reach 110 million subscribers by 2025.

Portfolio Pulse from Shanthi Rexaline

May 29, 2023 | 12:25 pm

PENN

Dave Portnoy, founder of Barstool Sports, has expressed uncertainty about his future with the company after his contract with Penn Entertainment (NASDAQ:PENN) ends in 20 months. The acquisition of Barstool Sports by Penn Entertainment has diversified the company with online sports betting and sports media.

Portfolio Pulse from Chris Katje

May 27, 2023 | 9:04 pm

COP

TTE

ConocoPhillips (COP) is set to acquire the remaining 50% interest in Surmont from TotalEnergies (TTE) for approximately $3 billion, with contingent payments of up to $325 million. The transaction is expected to close in H2 2023 and add around $600 million of annual free cash flow in 2024.

Portfolio Pulse from Anusuya Lahiri

May 26, 2023 | 5:20 pm

NEWR

Private equity firms Francisco Partners and TPG have ended negotiations to acquire New Relic Inc (NEWR), a software analytics company.

Portfolio Pulse from Bill Haddad

May 26, 2023 | 5:05 pm

COP

TTE

ConocoPhillips (NYSE:COP) is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion, subject to customary adjustments, as well as contingent payments of up to approximately $325 million. The transaction is expected to close in the second half of 2023.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 4:26 pm