Streetbeat News

Acquisitions Mergers

TAP

Molson Coors has reached its target leverage ratios after years of paying down debt from a 2016 acquisition. The company is now focusing on share repurchases, benefiting from Budweiser's marketing issues and gaining market share.

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November 11, 2024 | 10:00 pm

EDR

Endeavor Group Holdings, Inc. (NYSE: EDR) has announced a management buyout of its subsidiaries OpenBet and IMG ARENA to OB Global Holdings LLC. The buyout is backed by Ariel Emanuel and includes participation from OpenBet executives, including CEO Jordan Levin.

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November 11, 2024 | 9:30 pm

ANGI

IAC

IAC is considering spinning off its 85% stake in Angi, a home improvement services platform. While no specific timeline is set, the transaction is expected by the end of IAC's second quarter.

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November 11, 2024 | 9:30 pm

ABBV

AbbVie's stock experienced a decline on Monday due to concerns over a recent acquisition that may not be delivering the expected results.

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November 11, 2024 | 8:45 pm

NORD

Nordicus Partners Corporation (OTCQB: NORD) has acquired Bio-Convert ApS in an all-stock transaction, exchanging 12 million restricted common shares for 100% of Bio-Convert's shares.

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November 11, 2024 | 8:00 pm

XOM

ExxonMobil has acquired the FPSO Prosperity in Guyana from SBM Offshore for $1.23 billion, finalizing the purchase before the lease term expired.

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November 11, 2024 | 8:00 pm

CI

Cigna's stock saw an increase as the company dispelled merger rumors, providing clarity and stability to investors.

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November 11, 2024 | 7:00 pm

LAZ

Lazard CEO Peter Orszag discussed the potential temporary benefits of Trump's election victory for Lazard's business, particularly in the context of market impacts, M&A activity, and regulatory changes.

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November 11, 2024 | 7:00 pm

CI

Cigna Group has confirmed that it is not pursuing a merger with Humana, indicating that the deal was not strategically beneficial.

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November 11, 2024 | 6:30 pm

MUFG

Mitsubishi UFJ Financial Group (MUFG) is looking to expand its presence in India through acquisitions, aiming for a 20% annual return growth over the next decade.

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November 11, 2024 | 6:00 pm