Streetbeat News

Acquisitions Mergers

FYBR

Frontier Communications shares are rising following Verizon's announcement of an impending acquisition deal.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:38 pm

CTRA

Coterra Energy is considering acquiring assets with shorter lifespans if they align with the company's overall inventory strategy, as stated by an executive at the Barclays Conference.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:35 pm

FYBR

VZ

Verizon is in advanced talks to acquire Frontier Communications, aiming to enhance its fiber network and compete with rivals like AT&T. The deal could be announced this week if negotiations proceed smoothly.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:33 pm

BX

Barry Manilow is suing Hipgnosis Songs Fund, a Blackstone-backed company, for $1.5 million over unpaid bonuses related to his song catalog sale. The lawsuit accuses Hipgnosis of fraud and breach of contract, while Hipgnosis countersued Manilow for breach of contract. The outcome could impact future musician contracts with song catalog companies.

Portfolio Pulse from Chris Katje

September 04, 2024 | 4:35 pm

BIOA

LLY

NVO

BioAge Labs Inc, a biotech company, has filed for a $100 million IPO to be listed on Nasdaq under the symbol BIOA. The company is developing obesity drugs, with its lead drug Azelaprag showing promising results in preclinical trials. BioAge plans to conduct Phase 2 trials in combination with drugs from Eli Lilly and Novo Nordisk.

Portfolio Pulse from Vandana Singh

September 04, 2024 | 3:13 pm

EPAM

EPAM Systems shares rose following the announcement of its agreement to acquire NEORIS, indicating positive investor sentiment towards the acquisition.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:31 pm

CASY

Casey's General Stores, Inc. (NASDAQ:CASY) is set to release its Q1 earnings on Sept. 4, with expectations of $4.52 EPS and $4.2 billion in revenue. The company recently announced a $1.145 billion acquisition of Fikes Wholesale. Analysts have revised their ratings, with price targets ranging from $400 to $445.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 2:07 pm

SEM

Select Medical Corporation has announced an agreement to acquire Valir Rehabilitation Hospital in Oklahoma City. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:02 pm

TRGP

WMB

Targa Resources has reportedly rejected a merger and acquisition interest from Williams Companies, as reported by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:37 pm

GNPX

Genprex is transferring its diabetes gene therapy program into a new wholly-owned subsidiary to focus on developing GPX-002 for Type 1 and Type 2 diabetes.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:30 pm