Streetbeat News

Acquisitions Mergers

BG

Glencore's Viterra is reportedly in merger talks with grain rival Bunge, according to Bloomberg. Shares of both companies are moving higher.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 5:11 pm

ATVI

MSFT

Microsoft has appealed the UK's Competition and Markets Authority (CMA) decision to block its $69 billion acquisition of Activision Blizzard. The appeal was filed with the Competition Appeal Tribunal (CAT), and the judicial review process may last up to nine months. The European Union approved the transaction on May 15, while the US Federal Trade Commission (FTC) has filed a lawsuit to block the acquisition.

Portfolio Pulse from Franca Quarneti

May 25, 2023 | 4:51 pm

VSAT

ViaSat (NASDAQ:VSAT) stock is up after the European Commission unconditionally approved its acquisition of Inmarsat. The approval follows clearances from the UK Competition & Markets Authority and the US Federal Communications Commission. The transaction is expected to close by the end of the month.

Portfolio Pulse from Anusuya Lahiri

May 25, 2023 | 4:44 pm

WTT

Wireless Telecom Group Inc (WTT) has agreed to be acquired by Maury Microwave, Inc. for an estimated price of $2.13 per share, a 34% premium to WTT's closing price as of May 24. The transaction is expected to close in Q3 2023. Post acquisition, CEO Tim Whelan will step aside and the company will be managed by its remaining leadership team.

Portfolio Pulse from Lekha Gupta

May 25, 2023 | 4:40 pm

BKNG

EU antitrust regulators are expected to warn Booking Holdings (BKNG) about its proposed acquisition of Etraveli, as it may reduce competition in the online travel agency market.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 3:58 pm

MGAM

Mobile Global Esports Inc. (MOGO) has executed a definitive agreement to acquire, implement, and relaunch the social challenge technology developed by Nils Lahr and OrionsWave. The acquisition aims to enhance MOGO's social platform and drive gamer engagement.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 3:51 pm

CELUSD

Cryptocurrency consortium Fahrenheit has won the auction for bankrupt lender Celsius Network (CRYPTO: CEL), with assets previously estimated to be worth around $2 billion. The deal includes Celsius's institutional loan portfolio, staked cryptocurrencies, mining unit, and alternative investments. Regulatory approval is still required to close the deal.

Portfolio Pulse from Murtuza Merchant

May 25, 2023 | 3:37 pm

COSM

Cosmos Health (NASDAQ:COSM) has entered into a binding Letter of Intent to acquire German pharmaceutical distributor Docpharm GmbH. The acquisition is expected to boost Cosmos Health's annual revenue by approximately 70% by the end of 2025 compared to FY 2022.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 3:25 pm

LL

LL Flooring Holdings shares are trading higher after F9 Investments announced in a 13D Filing that it acquired the company's common stock and is contemplating the possibility of a combination with Cabinets To Go.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 3:23 pm

WTT

Wireless Telecom Group (WTT) announced its sale to Maury Microwave, Inc., with shareholders receiving $2.13 per share. This news has led to an increase in WTT's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 3:22 pm