This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
CoStar Group (NASDAQ: CSGP) , the parent company of Apartments.com and Homes.com, announced its intention to acquire Matterport (NASDAQ: MTTR) , a virtual tour software platform, for an enterprise value of $1.6 or more 0.02906 shares Matterport's Merger Arbitrage Opportunity As of this writing, Matterport trades for roughly $4.40
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, a smaller US producer with operations in several major basins, including the Permian and Eagle Ford, according to a report by Reuters citing sources familiar with the matter. The firm’s other co-founder, Kirk Lazarine, also sits on Granite Ridges board.
The board has indicated it is “minded” to recommend the offer, should a firm bid be made at the latest proposed terms of 49.4p The latest approach marks KKRs fifth bid for Assura, surpassing its previous offer of 48p per share in February, which valued the company at 1.56bn.
The potential deal would be the latest in a wave of merger activity in the oil patch. ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) closed multibillion-dollar acquisitions this year and have since agreed to even larger transactions. The company owns more than 80,000 acres in the northern part of the Midland Basin.
A high-stakes clash between private equity titans KKR and Bain Capital over a $4bn buyout of Fuji Soft is reshaping the landscape of mergers and acquisitions (M&A) in Japan, and could become a blueprint for more aggressive dealmaking in the country, according to a report by the Financial Times.
The oil companies currently find themselves on opposite ends of a major dispute stemming from Chevron's pending acquisition of Hess (NYSE: HES) , which it made as a countermove following Exxon's mega-deal for Pioneer Natural Resources. Exxon believes Chevron's pending acquisition of Hess triggers this clause. billion, or $64.5
regulatory agencies, have cast uncertainty on the merger's future. The acquisition could well elevate Microsoft's standing in the gaming industry as a whole. Such a move has the potential to secure its position as the world's third-largest gaming company based on revenue. Microsoft seeks to purchase a $68.7
The sale comes amid a surge in private equity-led buyouts in Japan, as companies divest non-core assets to enhance corporate and shareholder value. This figure includes a $47bn takeover bid for Seven & i Holdings by Canadian retailer Alimentation Couche-Tard.
But in the investment banking world, the best time to finalize potential mergers or acquisitions is over the weekend, as markets aren't open and companies don't have to worry about the potential for leaked information to cause an immediate spike in share prices. With this bid valuing American Equity at $4.3
Energy companies have signed over $180 billion in merger agreements over the last six months. However, Devon Energy (NYSE: DVN) has gotten left out of the current merger wave washing over the oil patch. The oil producer has reportedly pursued several acquisition targets, only to lose to a competitor.
Blackstone launched a $1.74bn bid to take Japanese digital comic distributor Infocom private, including a tender offer for a per-share price of 6,060 yen, Infocom said on Tuesday. The company’s current parent Teijin separately said it will sell all of its 58% stake in Infocom for 134.4 The tender offer will amount to 141.4
Terran Orbital's board is still mulling what to do next, but investors are excited about the possibilities, and sent shares of the company up 11% for the week, according to data provided by S&P Global Market Intelligence , as of midday Friday. Investors appear to be hoping for a sweetened bid from Lockheed Martin to get the deal done.
The planned acquisition of Spirit Airlines (NYSE: SAVE) by JetBlue Airways (NASDAQ: JBLU) is officially off, and investors are worried about what comes next for Spirit. A deal doomed from the start JetBlue and Spirit agreed to combine in July 2022 after JetBlue won a bidding war against Frontier Group Holdings. airlines."
Private equity-owned companies HealthComp and Virgin Pulse are planning to merge in a $3bn transaction in a bid to create a comprehensive employer health benefits platform. New Mountain will maintain majority ownership of the combined company, while Marlin will retain a minority position. Providence, R.I.-based Fresno, Calif.-based
When BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisitioncompany (SPAC) in December 2021, it bore a striking resemblance to Palantir Technologies (NYSE: PLTR) , which went public through a direct listing in September 2020. after it closed its merger. Let's see why BigBear.ai Why did BigBear.ai
Despite a growing, stable revenue stream from high-profile clients, the company suffered from a high-interest-rate environment that has pressured its bottom line. Now, with the prospect of lower interest rates, investors have bid the stock higher by almost 15% since the beginning of July. Its dividend return of around 5.3%
For most of 2023, this has been the question on space investors' minds: Will Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) -- the two defense giants that own rocket company United Launch Alliance 50-50 -- sell ULA to an outside investor? Multiple theories soon emerged for who might end up buying the space company.
About 90% of the deals on its platform were completed without real estate agents -- its buyers simply place bids on its marketplace instead of directly haggling with the sellers. But since its market debut via a merger with a special purpose acquisitioncompany ( SPAC ), Opendoor's stock has lost nearly 90% of its value.
The reports cites Vista as confirming that the company’s board received the offer, which represents a 12.3% Adding to the complexity of the situation, Prague-based defence firm Czechoslovak Group (CSG) has been considering the acquisition of Vista’s Revelyst division, alongside its existing $2.15
Blackstone launched a $1.74bn bid to take Japanese digital comic distributor Infocom private, including a tender offer for a per-share price of 6,060 yen, Infocom said on Tuesday. The company’s current parent Teijin separately said it will sell all of its 58% stake in Infocom for 134.4 The tender offer will amount to 141.4
The merger wave in the oil patch is continuing in 2024. The latest deal will see APA Corporation (NASDAQ: APA) acquire fellow oil company Callon Petroleum (NYSE: CPE). That acquisition will enhance APA's scale in the resource-rich Permian Basin. Here's a look at the latest oil stock merger and what it means for investors.
As the artificial intelligence (AI) race heats up, investors have become increasingly aware of the powerful position of electronic design automation (EDA) software companies. That's because these companies deal with a type of design suite specifically for semiconductors that are so vital to AI's development.
Steel being "in play," as they say on Wall Street, highlights how unpredictable and shocking acquisition activity can be. When the market opened for trading on the Monday after the news of the acquisition offer broke, every steel company rose, even Cleveland-Cliffs. Although specific to the steel industry, U.S. Adding U.S.
That's why chip design companies like Broadcom just completed its mega-merger with the big cloud software management business VMware , and why networking hardware giant Cisco Systems has submitted a bid to purchase Splunk to bet on cloud and network monitoring services. Datadog is still working on that.
Deidre chats with Solo Brands CEO John Merris about the company's collection of brands and where it could be headed next. Deidre Woollard: Two state named airlines, one big merger. So yesterday afternoon was all of a sudden a go to your computer moment for me because a big merger in the airline world was announced yesterday.
It was no surprise that Intel (NASDAQ: INTC) had to walk away from its bid to acquire Israel's chip manufacturer Tower Semiconductor (NASDAQ: TSEM). Because it was still under merger agreements with Intel at the time, Tower did not provide any financial guidance during its Q2 2023 earnings update. Data by YCharts.
On the company's various press release pages, the only news out since Sept. It's going to take more than waving a wand, or changing an office nameplate, to reverse years of Boeing decisions to bid low to win unprofitable defense contracts. Ted Colbert, who's been with Boeing for 15 years, is stepping down from running the division.
Earlier this year, Sigma Lithium was further linked to mergers & acquisitions activity with Tesla (NASDAQ: TSLA) as the purported buyer. And that bit about automotive and battery companiesbidding for Sigma Lithium almost certainly is reminding investors of Tesla's reported earlier interest.
Eleda’s founders, Johan Halvardsson and Peter Condrup, and management team will substantially reinvest in the company. The firm’s decentralized operating model allows its companies to deliver the highest quality to their customers with the optimal mix of local presence and the resources of a larger organization. “We
Acquisition fever The last couple of years have been a period of merger and acquisition deals for the energy sector. billion acquisition of Pioneer Natural Resources and Chevron 's $53 billion bid to acquire Hess. As such, the new company will be 60.5% Examples of this include ExxonMobil 's $59.5
Dice Therapeutics (NASDAQ: DICE) made a huge move higher on merger news, while Sanofi (NASDAQ: SNY) scored a significant victory that has shareholders feeling better about the company's prospects. Read on to learn more about both of these companies and the impact they're having on the biopharma space more broadly.
Macy's (NYSE: M) could reportedly be the target of an acquisitionbid, while Cigna Group (NYSE: CI) called a potential deal off. Nevertheless, shareholders in both companies are happy with the potential outcomes. Private equity companies are going shopping for Macy's Shares of Macy's jumped 15% at the open on Monday morning.
The sale was made through a competitive bidding process, a person familiar with the matter said, declining to be identified. Reports of the acquisition costs sent shares in Infroneer sliding 6% on Tuesday. The company also manufactures and sells construction machinery, and asphalt mixture, emulsion, and other materials.
The company has previously rejected four approaches from KKR, including a 48p per share bid last month. Assura also turned down an all-share merger proposal from Primary Health Properties, which was valued at approximately 43p per share, determining that the KKR-Stonepeak cash offer was more compelling.
It has no interest in selling its shares to a third party nor any intention of entertaining any bids for Endeavor, which is currently conducting a formal review into its ‘strategic alternatives’. Silver Lake’s voting power majority means it is able to decide whether to approve an offer to take the company private.
After a media report stated that several potential acquirers are circling around the company, market players bid the shares up by just under 5% on the day. So far, this interest has been expressed in a series of what Bloomberg described as "early looks" at the highly specialized tech company. That performance trounced the 0.8%
The acquisition will create a premier producer focused on the resource-rich Permian Basin. The merger of Diamondback and Endeavor follows in the footsteps of recent deals by ExxonMobil (NYSE: XOM) and Occidental Petroleum (NYSE: OXY) , which are bulking up their positions in the Permian Basin. The company will issue 117.3
Normally, acquisitions go fairly smoothly. ONEOK 's (NYSE: OKE) proposed acquisition of Magellan Midstream Partners (NYSE: MMP) is increasingly uncertain. Acquisitions follow a rhyming path When a company offers to buy another company, it generally provides a premium to the current market price.
Ashlyn Falahee, VP of Sales & Marketing, Sun Protection of Florida Peakstone Group is a Chicago-based, 40+ person investment bank that specializes in mergers and acquisitions advisory and capital raising.
Warburg Pincus is among those considering a bid for the assets, while Apollo Global Management Inc. A potential bid by the RRJ group could value the Vodafone unit at about €5bn ($5.3bn), according to the people, who asked not to be identified as the information is private. in London, giving the company a market value of £20.6bn.
One area where those positive feelings often reign supreme is in the arena of mergers and acquisitions. This is important to remember as you look at ExxonMobil 's (NYSE: XOM) proposed acquisition of Pioneer Natural Resources (NYSE: PXD). But, in many ways, that's just par for the course when it comes to mergers.
Companies across the market are looking for ways to make the most of opportunities, but they also face major obstacles as well. Here's more on what each company is trying to do and why investors had such different reactions to the moves. The company also withdrew previous guidance for 2023.
suggested that a recent proposal from Microsoft could finally break the logjam that has thus far prevented its acquisition of the video game developer from moving forward. The Competition & Markets Authority (CMA) released a decision early Friday stating that it might approve the Microsoft-Activision merger. Revenue of $228.5
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content