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Acquisitions Mergers

BKKT

Bakkt Holdings shares are trading higher following a report suggesting the company is considering a potential sale or breakup.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:01 pm

BKKT

Crypto marketplace Bakkt is considering a potential sale or breakup, according to Bloomberg. This strategic review comes as the company evaluates its future direction amidst a challenging market environment.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 3:59 pm

PWSC

Bain Capital is acquiring PowerSchool Holdings (NYSE:PWSC) for $5.6 billion, offering $22.80 per share in cash, a 37% premium over the previous share price. Post-acquisition, PowerSchool will be delisted from the NYSE. Vista Equity Partners and Onex Partners will retain minority stakes. The tax receivable agreement was amended to avoid $450 million in payments. Bain Capital aims to expand PowerSchool globally, though concerns about debt and layoffs remain.

Portfolio Pulse from Lekha Gupta

June 07, 2024 | 3:36 pm

YEXT

Yext shares are trading higher following a report suggesting the company is exploring a sale.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 3:34 pm

ONFO

Onfolio Holdings is set to acquire a majority interest in SEO Marketing Inc.'s assets, with the deal expected to close early next week.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:21 pm

YEXT

Yext has reportedly hired investment bankers to explore strategic alternatives, including a potential sale, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:01 pm

ASXC

Asensus Surgical shares are trading higher following the announcement that the company will be acquired by KARL STORZ for $0.35 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:07 pm

SGD

Safe and Green Development Corporation has announced the acquisition and launch of MyVONIA, an AI-powered personal assistant designed to simplify daily tasks and improve productivity for both individuals and businesses.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:03 pm

ASXC

KARL STORZ is set to acquire Asensus Surgical for $0.35 per share in cash, representing a significant premium over recent stock prices. The merger aims to create a leading surgical robotics division within KARL STORZ.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:46 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) has seen a significant stock price increase following its acquisition of cryptocurrency exchange Bitstamp Ltd. for $200 million. The deal, expected to close in the first half of 2025, expands Robinhood's market presence globally. Robinhood's stock has risen 151.86% over the past year and 80.30% year-to-date, with strong technical indicators suggesting continued bullish momentum. However, the company is also facing potential regulatory actions from the SEC.

Portfolio Pulse from Surbhi Jain

June 07, 2024 | 12:41 pm