Streetbeat News

Acquisitions Mergers

ACN

Accenture has acquired Teamexpat, though the terms of the deal were not disclosed. This acquisition is expected to enhance Accenture's capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:47 pm

ENV

Software firm Envestnet has reportedly attracted acquisition interest from private equity firms Advent International and GTCR, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:34 pm

DIS

Reliance and Disney have filed confidential antitrust papers for a merger of their media assets in India. They have assured the Indian antitrust body that the merger will not affect competition or advertisers, even with combined cricket rights.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:30 pm

AMAT

AMKR

INTC

MU

TSM

The U.S. Commerce Department has granted $75 million to Absolics Inc. for a new semiconductor facility in Georgia, under the CHIPS and Science Act. The facility will focus on advanced substrate technology for semiconductor packaging, creating 1,000 construction jobs and 200 manufacturing and research positions. Absolics, an affiliate of SKC Co., has Applied Materials Inc. (NASDAQ:AMAT) as an investor. The initiative aims to boost U.S. leadership in semiconductor technology.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 1:14 pm

ASNS

Actelis Networks has signed a binding term sheet to acquire 61% to 75% of the issued and outstanding shares of Quality Industrial Corporation.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:10 pm

AJG

Arthur J. Gallagher & Co. has announced that its U.S. wholesale brokerage division, Risk Placement Services, Inc. (RPS), has acquired CCI Surety, Inc. The terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:04 pm

HPE

Hewlett Packard Enterprise (HPE) announced its decision to divest its Communications Technology Group to HCLTech. This move is part of HPE's strategy to focus on its core businesses. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:40 pm

MICS

The Singing Machine Company, Inc. (NASDAQ: MICS) has announced that its Executive Committee has authorized management to explore a range of potentially transformational corporate transactions. The aim is to expand beyond its current consumer electronics karaoke business into areas like disruptive software solutions and sustainability-centric technologies.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:17 pm

KKR

Gamma Biosciences, established by KKR, has announced the sale of its operating company Mirus Bio to Merck KGaA for $600 million in cash.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:09 pm

NVDA

SNOW

Snowflake Inc. (NYSE:SNOW) shares are trading higher in the premarket session following an interview where CEO Sridhar Ramaswamy hinted at increased collaboration with Nvidia Corporation (NASDAQ:NVDA). Snowflake's Q1 earnings report showed a 33% revenue increase, and the company announced plans to acquire technology assets from TruEra.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 12:03 pm