Streetbeat News

Acquisitions Mergers

ANCTF

SVNDF

SVNDY

7-Eleven's parent company, Seven & i Holdings, rejected a $39 billion takeover offer from Alimentation Couche-Tard, citing undervaluation. Couche-Tard is considering raising its bid and is open to divestitures for regulatory approval. Shareholders like Oasis Management are disappointed with the rejection.

Portfolio Pulse from Vandana Singh

September 12, 2024 | 1:23 pm

YGMZ

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) and Oxylus Global Inc have mutually agreed to terminate their proposed acquisition due to regulatory approval uncertainties. MingZhu plans to explore alternative options for business diversification and growth.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:08 pm

YGMZ

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) and Oxylus Global Inc have mutually agreed to terminate their proposed acquisition due to regulatory approval uncertainties. MingZhu plans to explore alternative options for business diversification and growth.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:08 pm

NPSCY

X

Nippon Steel is in talks with the United Steelworkers union regarding its proposed acquisition of U.S. Steel. The union has opposed the deal, and political figures like Kamala Harris and Donald Trump have expressed concerns. President Biden may block the $14.1 billion takeover.

Portfolio Pulse from Benzinga Neuro

September 12, 2024 | 1:05 pm

EJH

E-Home Household Services' subsidiary, Zhongrun Pharmaceutical, plans to merge with NBL Pharmaceuticals. The companies have signed a cooperation agreement, but financial terms have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:04 pm

ONCT

Oncternal Therapeutics is discontinuing clinical trials for ONCT-534 and ONCT-808 due to insufficient results and high costs. The company will explore strategic alternatives such as asset sales, licensing, or mergers, and will reduce its workforce to conserve cash.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:01 pm

BELT

IYG

MA

Mastercard is acquiring Recorded Future for $2.65 billion to enhance its cybersecurity services. This acquisition aims to strengthen Mastercard's threat intelligence capabilities, crucial for securing the digital economy. The deal is expected to close by Q1 2025, subject to regulatory review.

Portfolio Pulse from Lekha Gupta

September 12, 2024 | 12:54 pm

COIN

DOGE-USD

MSFT

PLTR

Dogecoin rose 4.7% following a tweet from Elon Musk. Microsoft laid off 650 Xbox employees as part of restructuring after the Activision Blizzard acquisition. Cathie Wood's Ark Invest sold $6.4M of Palantir shares and increased Coinbase holdings amid a Bitcoin rebound.

Portfolio Pulse from Akanksha Bakshi

September 12, 2024 | 12:51 pm

JNJ

Johnson & Johnson (JNJ) announced results from a Phase 2 study on Rybrevant for lung cancer and recently agreed to acquire V-Wave for $600 million. The company offers a 3.01% annual dividend yield, translating to $1.24 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $199,432 is needed. JNJ shares fell 1.5% to $164.82.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 12:33 pm

MNTX

Manitex International is set to be acquired by Tadano for $5.80 per share in cash. This acquisition could impact Manitex's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:31 pm