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Acquisitions Mergers

ILMN

Illumina, Inc. (NASDAQ:ILMN) successfully overturned a €432M fine from the European Commission regarding its acquisition of GRAIL, as the European Court of Justice ruled the Commission lacked jurisdiction. Illumina retains a 14.5% stake in GRAIL, which is now an independent public company.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:05 am

CRH

CRH plc has completed the final phase of its $1.1 billion sale of lime operations in Europe, marking a significant divestment for the company.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:10 am

AAL

ETSY

LUV

Elliott Investment Management has secured a 10% stake in Southwest Airlines, allowing it to call a special meeting amid a leadership dispute. Elliott demands the removal of CEO Robert Jordan and plans to nominate new board members. Southwest has been trying to improve its stock price, but Elliott criticizes these efforts as insufficient.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 6:53 am

HPE

Hewlett Packard Enterprise (HPE) is continuing its $4 billion claim against the estate of the late Mike Lynch, following his death in a yacht accident. The claim stems from a 2022 UK High Court ruling favoring HPE in a fraud case related to its acquisition of Lynch's company, Autonomy.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 4:19 am

X

Vice President Kamala Harris has expressed her support for keeping United States Steel Corporation (NYSE:X) American-owned amidst foreign acquisition attempts by Nippon Steel. Harris emphasized the importance of maintaining strong American steel companies. Nippon Steel has pledged a $1.3 billion investment as part of its $14 billion acquisition bid, facing opposition from U.S. unions and politicians.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 1:55 am

ADDY

BMWYY

BX

EADSY

NOVO

ORAN

PPRUY

SNY

TEF

European stocks saw marginal gains on Labor Day, with the German DAX index setting a record close. Sanofi, Orange, and Telefonica led gains among large-cap stocks, while Airbus, Adidas, Kering, and BMW lagged. U.S. natural gas futures rose due to high demand, and Blackstone announced a major acquisition.

Portfolio Pulse from Piero Cingari

September 02, 2024 | 7:15 pm

AAPL

AMZN

NVDA

This week in AI, Apple is considering investing in OpenAI, potentially valuing it at over $100 billion. Amazon's AI assistant has significantly improved software upgrade efficiency. Nvidia is expected to have strong near-term business despite potential Blackwell delays. Concerns were raised about the US's AI warfare preparedness.

Portfolio Pulse from Benzinga Neuro

September 01, 2024 | 1:01 pm

AAPL

GOOGL

META

MSFT

Gene Munster from Deepwater Asset Management predicts that Apple will rely on OpenAI, Google, and Meta for AI features, rather than developing its own large language model. This strategy could lead to innovative products like AirPods with cameras, competing with Meta and Google's smart glasses. Apple's potential investment in OpenAI is part of a fundraising round valuing the AI company at over $100 billion.

Portfolio Pulse from Ananya Gairola

August 31, 2024 | 8:42 am

PRI

Primerica has authorized the abandonment of its indirect ownership of its subsidiary, E-Telequote Insurance, by September 30, 2024. E-Telequote has agreed to sell 18.9% of its stock to a new investor, resulting in the investor wholly owning E-Telequote post-closing, with Primerica relinquishing all rights without consideration.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:22 pm

SOI

Solaris Oilfield Infrastructure, Inc. (SOI) has received shareholder approval for its proposed acquisition of Mobile Energy Rentals. This acquisition is expected to enhance Solaris' service offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:16 pm