Streetbeat News

Acquisitions Mergers

ESGR

Enstar Group shares are trading lower after the company announced it will be acquired by Sixth Street for $338 per share.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:55 pm

RIVN

VWAGY

Rivian and Volkswagen have received approval from German authorities to form a joint venture. Volkswagen will invest up to $5 billion, with $3 billion going to Rivian and $2 billion in the joint venture, contingent on meeting certain milestones. The partnership aims to leverage Rivian's software expertise for next-gen EV architecture.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:19 pm

LHX

L3Harris Technologies has highlighted its performance following the acquisition of Aerojet Rocketdyne. The company has increased internal investments in Aerojet Rocketdyne by 40% year-over-year, focusing on expanding and modernizing manufacturing to enhance production across its product lines.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:02 pm

A

Agilent Technologies has acquired Sigsense Technologies to enhance lab operations through AI and power monitoring. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:56 pm

NLSP

NLS Pharmaceutics shares are trading higher following the announcement of a merger where Kadimastem will become a wholly owned subsidiary of NLS.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:48 pm

HPE

JNPR

Hewlett Packard Enterprise (HPE) is expected to secure unconditional EU antitrust approval for its acquisition of Juniper Networks (JNPR), according to Reuters citing sources.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:31 pm

PR

Permian Resources Corporation (NYSE: PR) has announced the pricing of a public offering of 26.5 million shares of Class A Common Stock at $15.30 per share. Concurrently, its subsidiary plans to offer $750 million in senior unsecured notes. The proceeds will be used to fund a recent acquisition of oil and gas properties from Occidental Petroleum Corporation, expected to close in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:29 pm

PBI

Pitney Bowes shares are trading higher following a report indicating that the company has sold a part of its e-commerce business to Stord.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:28 pm

CPTN

Cepton shares are trading higher following the announcement that the company will be acquired by Koito for $3.17 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:20 pm

SNAL

Snail Games has acquired the publishing rights to two new games, 'The Cecil' and 'Chasmal Fear'.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:07 pm