Streetbeat News

Acquisitions Mergers

ROIC

Retail Opportunity Investments Corp. shares are trading higher following a report suggesting Blackstone is in talks to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:32 pm

TENB

Tenable Holdings shares are trading higher following a report suggesting the company is working with advisors after receiving takeover interest.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:53 pm

IYE

SHEL

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) and Shell PLC (NYSE:SHEL) subsidiaries agreed to sell a group of assets in the U.K. Southern North Sea to Viaro Energy. The assets include 11 operated offshore assets and one exploration field, producing around 28,000 boepd in 2023. This sale is part of a broader strategy for energy transition and aligns with Viaro's activities. Exxon also finalized a deal to sell its Malaysian oil and gas assets to Petronas.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 6:50 pm

TENB

Tenable is reportedly working with advisers following interest in a potential takeover. The deliberations are in the early stages, and a sale is not certain.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:06 pm

EADSY

Airbus CEO announced that the company is exploring various options in the space sector, including potential mergers and acquisitions (M&A). Additionally, Airbus confirmed a new cost reduction program in its commercial division.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:38 pm

PARA

Edgar Bronfman Jr. is still in talks about a potential bid for National Amusements Inc. (NAI), the parent company of Paramount Global. This comes after Paramount struck a deal with Skydance Media and RedBird Capital Partners, which includes a 45-day 'go shop' provision expiring on August 21st. Bronfman Jr.'s bid is backed by Bain Capital and could be between $2 billion and $2.5 billion. The Skydance deal values Paramount at $8 billion and includes a $400 million break-up fee.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:00 pm

BX

ROIC

Blackstone is reportedly in talks to acquire Retail Opportunity Investment Corp, according to sources. This potential acquisition could have significant implications for both companies involved.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:44 pm

XOM

Exxon Mobil has entered into an agreement with a Viaro Energy unit to sell a group of its non-operated upstream assets in the UK Southern North Sea. The transaction is expected to close in 2025, subject to approvals.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:32 pm

EWJ

SPY

X

Pennsylvania Governor Shapiro has expressed serious concerns about Nippon Steel's acquisition of U.S. Steel, stating that the deal would not meet his approval in its current form.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:14 pm

BHP

FLMMF

LUNMF

BHP and Lundin Mining are set to acquire Filo Corp for C$4.1 billion, offering C$33 per share in cash and Lundin Mining shares or a mix of both. Filo also announces a C$115 million private placement to BHP and Lundin Mining. The deal aims to develop Filo del Sol to its full potential and offers various benefits to Filo shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:07 pm