The Federal Trade Commission is considering legal action to block Tapestry's planned $8.5 billion acquisition of Capri Holdings, amid concerns over antitrust implications, as highlighted by recent comments from FTC officials and developments in the European Commission's investigation.
Salesforce (NYSE: CRM) is in advanced talks to acquire Informatica (NYSE: INFA) at a price below its current market value of $38.48 per share, with Informatica's market cap standing at $11.5 billion.
Dish Network (SATS) surged 5% following reports of financing offers exceeding $1B, potentially linked to debt-free units and collateralized by wireless spectrum, amidst ongoing discussions for committed financing and strategic transactions aimed at enhancing flexibility post-merger with EchoStar.
Stewart Information Services Corp. (NYSE: STC) is acquiring All New York Title Agency to strengthen its National Commercial Services business in New York, enhancing its reach in various housing markets, while the terms of the deal remain undisclosed, as Stewart's stock fell 7.1% amid reports of potential changes in mortgage practices.
Accenture (NYSE: ACN) has acquired Unlimited, an integrated customer engagement agency, enhancing Accenture Song's capabilities in generative AI and CRM activation, with a shared vision to deliver impactful customer experiences and drive growth for clients, marking the latest in a series of investments to adapt to evolving consumer behavior.
Entain Plc (OTCPK:GMVHF) ADRs surged 5% following reports of private equity firms, such as Apollo Global (APO), eyeing the sports betting company amid the impending departure of Chairman Barry Gibson, potentially leaving Entain open to acquisition.
Phathom, Rhythm, and Vaxcyte top pharma takeover list, notes Needham analyst Stringer.
Tricon Residential Inc. announces court approval for its acquisition by Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust for $3.5 billion, pending regulatory approval, with shares expected to be delisted post-transaction completion.
Star Bulk Carriers (NASDAQ:SBLK) gains 1.3% in early trading as Eagle Bulk Shipping (EGLE) shareholders approve merger, creating a $2.1B dry bulk shipping giant, with Star Bulk set to become the world's largest publicly-listed bulker owner.
A potential acquisition of HubSpot by Google makes sense strategically, but may face regulatory challenges due to existing lawsuits against Google, according to Stifel analysts.