Streetbeat News

Acquisitions Mergers

VIA

Via Renewables Inc. has released merger information through Nasdaq, with the anticipated last trading date set for June 11.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:32 pm

IP

International Paper shares are trading higher following a report suggesting Suzano could borrow up to $19 billion for its bid.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:32 pm

YEXT

Yext, Inc. (NYSE:YEXT) stock is rising following a Reuters report that the company is considering a sale. The company has hired investment bankers to explore alternatives. Yext is also set to release its fiscal-year first quarter earnings on Monday, with analysts expecting an adjusted EPS of 6 cents and revenue of $96.32 million.

Portfolio Pulse from Dylan Berman

June 07, 2024 | 6:05 pm

VIA

Via Renewables shareholders have approved a merger at a special meeting.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 5:07 pm

WBA

Walgreens has decided to shelve its plans for an IPO of its Boots unit amid ongoing sale discussions.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:59 pm

IP

Suzano SA, the Brazilian pulp giant, is considering taking on up to $19 billion in debt to make a new bid for International Paper Co. (IP), after the initial offer was rejected as too low. Suzano aims to keep the combined company's net debt close to five times EBITDA.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:21 pm

OPTT

Paragon Technologies has proposed an investment of up to $3 million in Ocean Power Technologies (OPTT). If a financing agreement is reached, Paragon will drop its lawsuits against OPTT.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:14 pm

ASXC

KARL STORZ Endoscopy-America, Inc. has agreed to acquire Asensus Surgical Inc. (NYSE:ASXC) for $0.35 per share in cash, representing a significant premium. The transaction is expected to close in Q3 2024, after which Asensus will no longer be publicly traded.

Portfolio Pulse from Vandana Singh

June 07, 2024 | 4:02 pm

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