Streetbeat News

Acquisitions Mergers

SON

Sonoco is considering strategic alternatives for its Thermoformed and Flexibles Packaging business as part of its efforts to simplify its portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:11 pm

PCTY

Paylocity has signed a definitive agreement to acquire Airbase Inc., marking its expansion into finance and spend management solutions. This move aims to enhance the integrated value for HR and finance leaders. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:10 pm

DOCU

Docusign Inc (NASDAQ:DOCU) is set to announce its Q2 earnings, with expectations of revenue growth and continued profitability improvements. Analysts anticipate revenue of $727.36 million and earnings of 80 cents per share. The company has a strong track record of beating estimates. Investors are keen on updates regarding AI integration and the Docusign Intelligent Agreement Management platform. The software sector, including Docusign, may see increased M&A activity.

Portfolio Pulse from Chris Katje

September 04, 2024 | 8:06 pm

NPSCY

X

President Biden is set to block Nippon Steel's $15 billion acquisition of U.S. Steel, citing the importance of keeping U.S. Steel domestically operated. The deal is under investigation by CFIUS, and U.S. Steel's shares fell over 20% on the news.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 6:50 pm

IMXI

RELY

Breach Inlet Capital has sent a public letter to the board of International Money Express (IMXI), urging them to announce strategic alternatives to maximize shareholder value. They believe IMXI is undervalued and could attract private equity interest, potentially leading to a significant share price increase.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:20 pm

JNJ

Johnson & Johnson has been ordered to pay $1 billion to Auris Health shareholders for breaching a 2019 acquisition agreement. The court found J&J failed to support Auris' iPlatform technology, leading to a breach of contract. J&J plans to appeal the decision.

Portfolio Pulse from Vandana Singh

September 04, 2024 | 6:13 pm

HEPA

Hepion Pharmaceuticals shares rose following the announcement of a planned merger with Pharma Two B, expected to occur in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:12 pm

T

VZ

Verizon Communications Inc. (NYSE:VZ) shares fell by 3.84% amid reports of advanced talks to acquire Frontier Communications, a move aimed at enhancing its fiber network. The potential acquisition, valued over $7 billion, raises concerns about Verizon's financial health and integration risks.

Portfolio Pulse from Henry Khederian

September 04, 2024 | 6:02 pm

X

United States Steel shares are declining following reports that President Biden may block Nippon Steel's acquisition of the company.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:52 pm

SPY

X

The White House is reportedly preparing to block Nippon Steel's acquisition of U.S. Steel, according to sources cited by Jeff Stein of The Washington Post. This move could have significant implications for U.S. Steel's stock and the broader market.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:46 pm