Streetbeat News

Acquisitions Mergers

ARM

BA

IBM

SAVE

TSLA

U.S. markets closed lower with notable stock movements: Tesla declined after missing revenue estimates, Spirit Airlines surged on merger talks, IBM slightly increased despite missing revenue estimates, Boeing fell due to revenue decline, and Arm Holdings dropped amid licensing threats.

Portfolio Pulse from Benzinga Neuro

October 24, 2024 | 1:40 am

AMGN

AZN

CTLT

GPCR

NVO

PFE

RHHBY

VKTX

Roche's Q3 sales rose 9% to $17.5 billion, driven by Ocrevus and Vabysmo. Roche urges regulators to block Novo Holdings' $16.5B acquisition of Catalent, citing potential negative industry impacts. The acquisition could affect competition in the GLP-1 market, where several companies, including Roche, have therapies in development.

Portfolio Pulse from Vandana Singh

October 23, 2024 | 11:05 pm

ALTR

Altair Engineering Inc. (NASDAQ:ALTR) shares rose on Wednesday following reports of potential acquisition talks with Siemens AG. Siemens is considering acquiring Altair to enhance its software-driven product offerings. Altair's stock has increased 20% year-to-date, and the company has been exploring a sale. However, there is no guarantee that Siemens will proceed with the acquisition.

Portfolio Pulse from Vaishali Prayag

October 23, 2024 | 9:29 pm

PAG

Penske Automotive Group (NYSE:PAG) is acquiring an additional Porsche dealership in Melbourne, Australia, expected to add $130M in annualized revenue. This acquisition will bring the total estimated annualized revenue for their three Porsche dealerships in Melbourne to $260M.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:49 pm

DYCQ

DYCQU

DT Cloud Acquisition Corp, a SPAC, has entered into a business combination agreement with Maius Pharmaceutical. Upon closing, Maius will become a subsidiary of a new holding company, which will be listed on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:48 pm

HOFV

Hall Of Fame Resort & Entertainment has postponed its 2024 annual meeting to review a non-binding proposal from IRG Canton Village to take the company private. A special committee of independent directors has been formed to evaluate the proposal with financial and legal advisors.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:45 pm

AGAE

Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) has entered into a strategic relationship with Yellow River Capital Group, which includes a $6.6 million investment by Yellow River. This investment involves subscribing to 6 million shares of AGAE's common stock and a warrant to purchase an additional 6 million shares over five years at $1.80 per share. Yellow River will also appoint a director to AGAE's board, enhancing AGAE's growth potential in entertainment content and location-based entertainment chains.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:41 pm

LVS

Las Vegas Sands has completed a transaction to purchase SCL common stock, acquiring 23.4 million shares and increasing its ownership to 71.31%.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:38 pm

DFH

Dream Finders Homes is set to acquire Alliant National Title Insurance Company, though the financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:32 pm

ESI

Element Solutions shares are experiencing an uptick in trading activity due to reports that the company might be considering a sale.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:51 pm