Streetbeat News

Acquisitions Mergers

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares are rising after the company announced its acquisition of cryptocurrency exchange Bitstamp for approximately $200 million in cash. The acquisition is expected to close in the first half of 2025 and aims to significantly expand Robinhood's crypto business globally.

Portfolio Pulse from Adam Eckert

June 06, 2024 | 1:27 pm

VNDA

Vanda Pharmaceuticals has received an unsolicited, non-binding acquisition proposal from Cycle Group Holdings, offering $8.00 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:25 pm

TENB

Tenable Holdings, Inc. has announced the acquisition of Eureka Security, Inc. to enhance its cloud security platform with data security posture management capabilities. The acquisition is expected to close this month and is not anticipated to have a material impact on revenue this year. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:22 pm

RLGT

Radiant Logistics has acquired the operations of DVA Associates, enhancing its presence in Portland, Oregon. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:04 pm

ARM

NVDA

SFTBF

SFTBY

Elliott Investment Management has acquired a $2 billion stake in SoftBank Group Corp and is demanding a $15 billion share buyback. SoftBank's stock has surged due to the success of Arm Holdings, but investors remain skeptical of its AI investments. The clash between SoftBank's AI ambitions and investor demands for returns will shape the company's future.

Portfolio Pulse from Surbhi Jain

June 06, 2024 | 12:39 pm

HCAT

Health Catalyst, Inc. (NASDAQ:HCAT) has acquired Carevive Systems, an oncology-focused health technology company. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:38 pm

DLB

GE

Dolby Laboratories (NYSE: DLB) announced it will acquire GE Licensing for $429 million in an all-cash transaction. The acquisition aims to strengthen Dolby's licensing business and is expected to be accretive to operating margins and EPS in fiscal 2025.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:37 pm

VSTO

Vista Outdoor Inc. (NYSE: VSTO) shares surged after MNC Capital increased its acquisition offer to over $3.0 billion, representing a 46% premium to the VWAP from the announcement of Vista’s transaction with the Czechoslovak Group a.s. The revised offer is over a 30% premium to the last closing price before MNC’s initial offer. The offer also implies a valuation for Revelyst of over $1 billion, compared to Vista’s valuation of $570 million. VSTO shares are up 6.97% premarket.

Portfolio Pulse from Lekha Gupta

June 06, 2024 | 12:35 pm

AAL

NDSN

PAYC

TITN

The article highlights four industrial stocks that are currently oversold, presenting potential buying opportunities. These stocks include Paycom Software Inc (PAYC), Titan Machinery Inc (TITN), American Airlines Group Inc (AAL), and Nordson Corp (NDSN). Each company has experienced recent declines in stock prices and has an RSI value below 30, indicating they are oversold.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 12:32 pm

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) has announced the acquisition of crypto exchange Bitstamp for $200 million. The deal, expected to close in the first half of 2025 pending regulatory approvals, will significantly expand Robinhood's presence in the crypto market by integrating Bitstamp's extensive customer base and product offerings.

Portfolio Pulse from Murtuza Merchant

June 06, 2024 | 12:23 pm