Streetbeat News

Acquisitions Mergers

BHIL

Benson Hill has received a preliminary, non-binding indication of interest from Argonautic Ventures Master at $0.2236 per share. The Investor Group, which owns about 16% of Benson Hill's outstanding shares, may see changes in its composition.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:31 pm

INFN

Infinera shares are trading higher following a report suggesting Nokia is considering an acquisition of the company.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:25 pm

NOK

Nokia shares are trading lower following a report suggesting the company is considering an acquisition of Infinera.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:24 pm

NOK

Nokia is reportedly considering the potential acquisition of Infinera, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:16 pm

CERE

TPX

Cerevel Therapeutics shares are trading higher amid rumors that the FTC's closed-door meeting may be about the company's merger with Tempur Sealy International.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:53 pm

FUN

SIX

Six Flags Entertainment shares are trading higher following the announcement that regulatory conditions for its merger with Cedar Fair have been satisfied.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:24 pm

FUN

SIX

Cedar Fair shares are trading higher after the company announced that the regulatory conditions for its merger of equals with Six Flags Entertainment have been satisfied.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:23 pm

PENN

PENN Entertainment is unlikely to yield to activist pressure to sell at this early stage of executing a potentially game-changing online sports betting partnership with ESPN.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:52 pm

HOLX

Stephens initiated coverage on Hologic Inc (NASDAQ:HOLX) with an Overweight rating and a price target of $87, citing its strong position in women's health and potential for growth through M&A. The analyst expects 5%-7% near-term growth and highlights M&A as crucial for long-term growth.

Portfolio Pulse from Vandana Singh

June 27, 2024 | 6:43 pm

NOG

OILT

PSCE

SM

SM Energy Company (NYSE:SM) shares are down 10.2% after announcing a $2.55 billion acquisition of Uinta Basin oil and gas assets from XCL Resources, LLC. Northern Oil and Gas, Inc. (NYSE:NOG) will purchase a 20% share for $510 million. SM Energy plans to fund the acquisition through debt and cash reserves. The acquisition is expected to boost key financial metrics in 2025, including a 35% rise in Adjusted EBITDAX and a 45% increase in Adjusted free cash flow. The company also announced an 11% dividend increase and a new $500 million share repurchase program.

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 5:35 pm