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Acquisitions Mergers

BA

Boeing Company (NYSE:BA) has been awarded a $3.4 billion contract by the U.S. Navy to manufacture P-8A Poseidon aircraft for the Royal Canadian Air Force and the German Navy. The contract includes aircraft for Canada, with the first delivery expected in 2026, and additional aircraft for Germany, increasing their total to eight with the first delivery in 2025. This contract is expected to generate significant economic benefits, including over 3,000 jobs in Canada.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 12:14 pm

TDCX

TDCX Inc. has announced a definitive merger agreement with Transformative Investments Pte Ltd for a going-private transaction, led by its CEO Laurent Junique and affiliates, valuing the company at approximately $1.037 billion.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:33 am

MSFT

TSLA

Elon Musk, CEO of Tesla Inc., has expressed his readiness to compete against OpenAI, Microsoft Corp., and Jeff Bezos' investment in Figure AI Inc., which aims to develop the world's first autonomous humanoid robot. Musk highlighted Tesla's Optimus, a humanoid robot in development, as a challenger to Figure's project. Optimus, which has been in development for two years, is expected to perform useful tasks in Tesla factories by 2024, despite not being autonomous yet.

Portfolio Pulse from Rounak Jain

March 01, 2024 | 11:19 am

EVBG

Everbridge, Inc. (NASDAQ:EVBG) and Thoma Bravo have amended their merger agreement, increasing the acquisition price to $35.00 per share in cash, which is $6.40 higher than the original price. This adjustment reflects a significant increase in the valuation of Everbridge by Thoma Bravo.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:02 am

TNC

Tennant Company (NYSE:TNC) has acquired M&F Management and Financing, the parent company of TCS EMEA, to expand its presence in Eastern Europe and the EMEA region. This strategic move aims to leverage TCS's established network in countries like Romania, Hungary, the Czech Republic, Slovakia, Austria, Switzerland, Poland, and others, as well as in the Middle East and Africa, to enhance Tennant's global sales and service network.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 10:53 am

DIS

The grandchildren of Walt Disney Co founders, Walt Disney and Roy Disney, have publicly supported CEO Bob Iger and the company's board in an open letter, criticizing activist investors, including billionaire Nelson Peltz, who have been challenging the company's management and strategies. This support comes amid a proxy war with Peltz, who advocates for cost-cutting, a more profitable streaming business, and better succession planning.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 8:01 am

TNC

Tennant Company (NYSE:TNC) has acquired M&F Management and Financing GmbH, the parent company of TCS EMEA GmbH, its largest distributor in Central and Eastern Europe, to boost growth in the EMEA region. This acquisition expands Tennant's direct sales network into several countries, including Romania, Hungary, Czech Republic, Slovakia, Austria, Switzerland, Poland, and extends to the Middle East and Africa.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 7:29 am

AAPL

AMSSY

Rumors suggest the Apple Inc. (AAPL) Watch Ultra with a microLED display might be canceled, impacting supplier ams-Osram (AMSSY) with a 40% stock drop and potential non-cash impairment charges. However, tech journalist Mark Gurman doubts the cancellation, noting multiple suppliers for the project.

Portfolio Pulse from Ananya Gairola

March 01, 2024 | 6:45 am

DOGE-USD

A property in Portugal has been listed for sale in Dogecoin (CRYPTO: DOGE), marking a significant move towards integrating digital currency with real estate. This initiative, led by Dogecoin developer Paulo Vidal and facilitated by Remax Portugal, demonstrates the growing acceptance of cryptocurrencies. The transaction process is integrated into Remax's system, allowing payments in Dogecoin without altering the agency's existing infrastructure. This development not only showcases Dogecoin's potential beyond an internet currency but also sets a precedent for cryptocurrency in real estate transactions.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 12:45 am

PFE

Pfizer Oncology has announced the formation of a new Oncology organization and outlined its strategic priorities following the acquisition of Seagen in late 2023. The company highlighted its robust portfolio and R&D capabilities, projecting 8+ potential blockbuster medicines by 2030.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:02 pm