Streetbeat News

Acquisitions Mergers

DOV

TEX

Terex shares are trading higher after the company announced the acquisition of Environmental Solutions Group from Dover for $2 billion.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:37 pm

HAS

MAT

Mattel shares are trading higher following reports that L Catterton made an offer to acquire the company. Additionally, Hasbro is reportedly considering submitting an offer.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:36 pm

HAS

MAT

Hasbro is in discussions about potentially submitting an offer to acquire Mattel, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:34 pm

IQV

SAVA

SERV

TELL

TEX

IQVIA Holdings Inc. (NYSE:IQV) posted strong Q2 earnings, raising its 2024 guidance, leading to a 7.4% stock surge. Other notable gainers include Tellurian Inc. (NASDAQ:TELL) up 64.5% on acquisition news, Serve Robotics Inc. (NASDAQ:SERV) up 46.6% after Nvidia disclosed a stake, and Cassava Sciences, Inc. (NASDAQ:SAVA) up 27.2% on positive Phase 3 trial updates.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 3:29 pm

MAT

L Catterton has approached Mattel with an acquisition offer, according to a Reuters exclusive report.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:28 pm

CLW

FDM

RZV

Clearwater Paper Corporation (NYSE:CLW) has agreed to sell its tissue business to Sofidel America Corporation for $1.06 billion. The transaction is expected to close in late 2024, with net proceeds of around $850 million to be used for debt reduction and growth initiatives. CLW shares rose 9.66% following the announcement. Investors can also gain exposure through Invesco S&P Smallcap 600 Pure Value ETF (NYSE:RZV) and First Trust DJ Select MicroCap ETF (NYSE:FDM).

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 3:21 pm

CLW

Cleanwater Paper shares are trading higher after the company announced a deal to sell its tissue business for $1.06 billion.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 2:36 pm

DOV

FTIF

TEX

UTRN

Terex Corporation (NYSE:TEX) is acquiring Environmental Solutions Group (ESG) from Dover Corporation (NYSE:DOV) for $2 billion in an all-cash deal. The acquisition is expected to enhance Terex's financial profile and expand its North American footprint. The transaction is anticipated to close in the second half of 2024.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 1:45 pm

NVDA

SERV

Serve Robotics Inc (NASDAQ:SERV) shares are trading higher due to continued momentum after Nvidia Corp (NASDAQ:NVDA) disclosed a 10% stake in the company. Nvidia converted a promissory note into shares, leading to a significant price increase for SERV. The stock is also gaining attention from retail traders.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 1:27 pm

HEPA

Hepion Pharmaceuticals Inc (NASDAQ: HEPA) has entered into a definitive merger agreement with Pharma Two B Ltd., an Israeli company developing a Parkinson's Disease drug. The merger is valued at approximately $58.5 million, and the combined company will operate under the 'Pharma Two B' name. Pharma Two B will file a registration statement with the SEC and apply to list its shares on Nasdaq under the ticker symbol 'PHTB'. Hepion also announced a $2.9 million private placement of non-convertible senior notes, while Pharma Two B secured an $11.5 million private placement of shares and warrants. HEPA stock is up 1.96% at $1.04 in premarket trading.

Portfolio Pulse from Vandana Singh

July 22, 2024 | 1:19 pm