Streetbeat News

Acquisitions Mergers

GLPG

EcoR1 Capital has acquired 6.71 million shares of Galapagos, crossing the 10% threshold of voting rights as of September 10, 2024. This significant stake indicates increased influence over Galapagos' decisions.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:02 pm

APO

Apollo Global Management's shares rose following the announcement that BP will sell its $1 billion stake in the Trans Adriatic Pipeline to Apollo.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 7:55 pm

RVNC

Revance Therapeutics shares are trading lower after Crown Laboratories failed to start a tender offer by the September 13, 2024 deadline. Crown Labs had agreed to acquire Revance for $6.66 per share in cash, with the deadline already extended from August 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 7:54 pm

FROG

JFrog shares experienced a surge in trading volume due to unconfirmed rumors of a takeover approach, as suggested by blog comments. This has led to increased market interest and speculation.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 7:49 pm

SBT

Sterling Bancorp shares fell after announcing the sale of Sterling Bank and Trust F.S.B. to EverBank Financial Corp. The company plans to dissolve and wind down operations post-sale.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 7:36 pm

HE

Central Pacific is reportedly close to acquiring Hawaiian Electric's bank, which could improve Hawaiian Electric's financial situation following the Maui fire. Warburg, Centerbridge, and Atlas are in talks to fund the deal.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 7:24 pm

TRMB

Trimble Inc. shares rose after announcing the launch of Transporeon Visibility in North America and the sale of its global telematics business to Platform Science, securing a 32.5% stake and a board seat.

Portfolio Pulse from Vaishali Prayag

September 16, 2024 | 7:11 pm

TRMB

Trimble has announced an agreement for Platform Science to acquire its Global Transportation Telematics business units. Post-acquisition, Trimble will hold a 32.5% stake in the new Platform Science business.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:36 pm

SMAR

Smartsheet shares are rising due to reports that Blackstone and Vista Equity are close to acquiring the company for approximately $56 per share.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:20 pm

SMAR

Vista Equity and Blackstone are nearing a deal to acquire Smartsheet for approximately $56 per share, valuing the company at nearly $8 billion.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:19 pm