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Acquisitions Mergers

CI

CVS

HUM

UNH

Cigna and Humana have resumed merger talks after a year-long pause, aiming to consolidate their positions in the health insurance industry amid Medicare cost pressures. This potential merger could significantly impact market dynamics and competition.

Portfolio Pulse from Vandana Singh

October 21, 2024 | 2:27 pm

LUMN

ROAD

VVI

Several US-listed stocks saw significant gains on Monday. Construction Partners, Inc. (NASDAQ:ROAD) rose 11.1% after announcing FY25 revenue above estimates and an acquisition. Viad Corp (NYSE:VVI) climbed 16.5% following a deal to sell its GES business. Lumen Technologies, Inc. (NYSE:LUMN) gained 3.7% due to a partnership with Meta.

Portfolio Pulse from Avi Kapoor

October 21, 2024 | 2:22 pm

PLBY

Hefner Capital has made a $100 million offer, including equity, to acquire the Playboy brand. This move could significantly impact the current owner, PLBY Group, Inc., as it may lead to changes in ownership and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 2:18 pm

ROAD

Construction Partners shares rise after announcing FY25 revenue above estimates and the acquisition of Asphalt Inc for $654 million in cash and 3 million in class A common stock.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:54 pm

VVI

Viad Corp shares rose following the announcement of a deal to sell its GES business to Truelink Capital for $535 million.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:39 pm

SNY

Sanofi is in exclusive talks with US private equity firm CD&R to sell a 50% stake in its consumer health unit, Opella. This move aligns with Sanofi's focus on innovative medicines and vaccines. The transaction, valued at approximately $17.36 billion, is expected to close in Q2 2025. Sanofi's stock is down 0.87% in premarket trading.

Portfolio Pulse from Vandana Singh

October 21, 2024 | 1:08 pm

GVP

GSE Solutions (NASDAQ:GVP) has amended its merger agreement with Pelican Energy Partners, increasing the merger consideration from $4.10 to $4.60 per share. This new offer represents a 12.2% increase from the previous agreement and a 69% premium over the stock's closing price before the merger announcement.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:03 pm

ALK

Alaska Air Group has announced that its Q3 results will reflect the consolidated financial and operational performance following the acquisition of Hawaiian Holdings. The company now expects its Q3 combined results to be on the better end of the previously guided EPS range.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:01 pm

SCWX

Sophos has announced a definitive agreement to acquire Secureworks in an all-cash transaction valued at approximately $859 million. Secureworks shareholders will receive $8.50 per share. The acquisition aims to integrate both companies' AI-driven security platforms to enhance their security solutions.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 12:53 pm

HEI

HEICO Corporation's Electronic Technologies Group has acquired 88% of Mid Continent Controls, Inc., a company specializing in in-cabin power and entertainment components for business jets. The acquisition is expected to be accretive to HEICO's earnings within a year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 12:46 pm