Streetbeat News

Acquisitions Mergers

BAC

JPM

LYV

StubHub is considering an IPO as soon as July and has enlisted Goldman Sachs, JPMorgan, and Bank of America to assist. The company reported $350 million in EBITDA.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 5:35 pm

EIS

El Al has announced a deal to purchase approximately 30 Boeing 737 MAX aircraft, valued between $2 billion and $2.5 billion, with deliveries starting in 2027.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 4:25 pm

DSY

Big Tree Cloud Holdings Limited (NASDAQ:DSY) shares are trading higher following the completion of its business combination with Plutonian Acquisition Corp. and its recent Nasdaq debut. The stock has seen heavy trading volume, with over 42 million shares traded. The company focuses on personal care products and aims to expand its product portfolio globally.

Portfolio Pulse from Erica Kollmann

June 10, 2024 | 4:22 pm

DSY

ENSV

ICCH

KWE

PERI

SIFY

U.S. stocks traded mixed with the Dow Jones falling slightly while the NASDAQ and S&P 500 rose. Energy shares climbed, and financial shares fell. Diamond Offshore Drilling will be acquired by Noble Corporation. KWESST Micro Systems shares surged after a significant contract award. Big Tree Cloud Holdings, ICC Holdings, and KWESST Micro Systems saw significant gains, while Perion Network, Sify Technologies, and Enservco Corporation experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 4:02 pm

ICCH

ICC Holdings, Inc. (NASDAQ: ICCH) shares surged after announcing a definitive acquisition deal with Mutual Capital Group, Inc. for $73.8 million. The acquisition price of $23.50 per share represents a significant premium over recent stock prices. The transaction is expected to close in Q4 2024, with ICCH continuing as an independent subsidiary.

Portfolio Pulse from Lekha Gupta

June 10, 2024 | 3:52 pm

PARA

PARAA

Edgar Bronfman Jr., backed by Bain Capital, is interested in buying National Amusements, the company controlling Paramount Global, for $2 billion to $2.5 billion. National Amusements is already in advanced negotiations to sell to Skydance Media.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 3:33 pm

ICCH

ICC Holdings shares are trading higher following the announcement that Mutual Capital Group will acquire the company for $23.50 per share.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 3:26 pm

AILE

CRWD

GERN

ICCH

KKR

KRYS

LENZ

LUV

NISN

OPRA

QXO

RBA

SMHI

STEP

WHD

U.S. stocks were mixed on Monday, with the Dow Jones index falling around 0.2%. ICC Holdings, Inc. (NASDAQ:ICCH) saw a significant rise of 43% after Mutual Capital Group announced plans to acquire the company for $23.50 per share. Other notable gainers included QXO, Inc. (NASDAQ:QXO), Opera Limited (NASDAQ:OPRA), Ivanhoe Electric Inc. (NYSE:IE), and several others.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 3:25 pm

CRML

Critical Metals shares are trading higher after the company announced a binding heads of agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 2:52 pm

VSTO

Vista Outdoor Inc. (NYSE:VSTO) shares are trading higher after the company rejected an unsolicited acquisition proposal from MNC Capital, deeming it inferior to an existing merger agreement with Czechoslovak Group a.s. (CSG). Additionally, Vista Outdoor received a $2+ billion indication of interest from a U.S.-based private investment firm regarding The Kinetic Group, which could lead to a superior proposal. The company remains committed to the CSG merger but will adjourn the special stockholders' meeting to July 2, 2024.

Portfolio Pulse from Shivani Kumaresan

June 10, 2024 | 2:09 pm