Streetbeat News

Acquisitions Mergers

CHUY

DRI

Chuy's Holdings shares are trading higher following the announcement that Darden Restaurants will acquire the company.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 10:22 am

APLM

CHUY

DRI

LESL

ONCO

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) surged 47.4% in pre-market trading after announcing that Darden Restaurants, Inc. (NYSE:DRI) will acquire Chuy's for $37.50 per share in cash, valuing the deal at approximately $605 million. Other notable pre-market movers include Onconetix, Inc. (NASDAQ:ONCO), Apollomics, Inc. (NASDAQ:APLM), and Leslie’s, Inc. (NASDAQ:LESL).

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 10:00 am

DCO

Ducommun Incorporated (NYSE:DCO) has received an unsolicited acquisition offer from Albion River LLC to buy all outstanding shares for $65 per share in cash. The Board of Directors is reviewing the proposal.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 9:48 am

ADBE

Figma Inc. has secured a $12.5 billion valuation through a secondary share sale involving prominent investment firms. This valuation is significantly lower than the previously terminated $20 billion acquisition deal with Adobe Inc. due to antitrust concerns raised by the European Union.

Portfolio Pulse from Benzinga Neuro

July 18, 2024 | 9:12 am

GEHC

GE HealthCare (NASDAQ:GEHC) is set to acquire Intelligent Ultrasound Group's clinical AI software business for $51 million. This acquisition aims to enhance GE HealthCare's ultrasound portfolio with advanced AI-driven image analysis tools, improving workflows and ease-of-use for clinicians and patients.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 7:32 am

FMX

Mill Point Capital has acquired FEMSA's Imbera and Torrey, forming a new entity called AeriTek Global LLC.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 5:46 am

AAWH

VRNOF

The cannabis industry is seeing consolidation, with cannabis concentrates emerging as a key growth area. Brands like Ozone (OTC: AAWH) and The Essence (OTC: VRNOF) are performing well in multiple states, making them attractive acquisition targets.

Portfolio Pulse from Nicolás Jose Rodriguez

July 17, 2024 | 10:56 pm

COF

DFS

Capital One Financial Corporation (NYSE:COF) shares are trading higher following the announcement of its intention to acquire Discover Financial Services (NYSE:DFS). Discover reported better-than-expected Q2 earnings, and Capital One unveiled a $265 billion community benefits plan as part of the acquisition.

Portfolio Pulse from Erica Kollmann

July 17, 2024 | 9:43 pm

CHUY

DRI

Chuy's Holdings Inc (NASDAQ:CHUY) shares surged after the company announced it will be acquired by Darden Restaurants, Inc. (NYSE:DRI) for $37.50 per share in cash, valuing the deal at approximately $605 million. The acquisition is expected to be neutral to Darden's net earnings per share for fiscal 2025.

Portfolio Pulse from Adam Eckert

July 17, 2024 | 9:29 pm

BLK

BlackRock has priced a $2.5 billion debt offering consisting of three tranches of senior unsecured notes. The proceeds will be used to fund a portion of the cash consideration for its proposed acquisition of Preqin Holding Limited.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 8:36 pm