Streetbeat News

Acquisitions Mergers

ACN

Accenture, through Accenture Ventures, has invested in financial technology company EMTECH to aid in transforming central banks' financial and technology infrastructure. The terms of the investment were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 10:00 am

RXO

RXO has announced an upsized public offering of $500 million in common stock to finance its acquisition of Coyote Logistics. The offering is priced at $26 per share and is expected to close on September 11, 2024. The acquisition is expected to be completed by September 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:55 am

BIG

OLLI

Big Lots' Chapter 11 bankruptcy filing presents a growth opportunity for Ollie's Bargain Outlet. Big Lots plans to sell its assets and close some stores, which could allow Ollie's to expand its store count and market share. Analyst Matthew Boss suggests Ollie's could benefit from Big Lots' store closures, potentially increasing its store count by 13.5% in the coming years.

Portfolio Pulse from Michael Juliano

September 09, 2024 | 10:50 pm

FWONA

SIRI

Liberty Media and Sirius XM have completed their split-off and merger, resulting in Sirius XM becoming an independent public company. Sirius XM will trade under the symbol 'SIRI' on the Nasdaq starting September 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:04 pm

HPE

Hewlett Packard Enterprise (HPE) shares fell over 6% after-hours following the announcement of a $1.35 billion public offering of Series C mandatory convertible preferred stock. The proceeds will fund the acquisition of Juniper Networks and other expenses.

Portfolio Pulse from Erica Kollmann

September 09, 2024 | 9:33 pm

INVH

Invitation Homes Inc. announced it has entered agreements to acquire 580 single-family homes for lease, investing approximately $216 million. These acquisitions are in core markets like Tampa, Denver, and the Carolinas, with 80% being completed homes.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:32 pm

IBM

IBM is set to acquire Oracle services provider Accelalpha, although the terms of the deal have not been disclosed. This acquisition is part of IBM's strategy to enhance its cloud services and consulting capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:31 pm

L

Loews Corporation announced that the Delaware Court of Chancery found no liability in connection with its 2018 acquisition of minority limited partner interests in its Boardwalk Pipelines subsidiary.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:17 pm

SNY

VIR

Vir Biotechnology has finalized an exclusive worldwide license agreement with Sanofi, acquiring three clinical-stage T-cell engagers and the PRO-XTEN masking platform. This strategic move enhances Vir's portfolio in oncology and infectious diseases.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:16 pm

EVBN

NBTB

Evans Bancorp is set to merge into and with NBT Bancorp, indicating a strategic consolidation in the banking sector. This merger could lead to enhanced operational efficiencies and expanded market reach for the combined entity.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:16 pm