Big $8.2 Billion Bunge-Viterra Deal Delayed: Key Concerns and Approvals Needed
The $8.2 billion Bunge-Viterra deal is delayed due to pending approvals from China, Canada, and the EU, as regulators review antitrust concerns.
Category In The Spotlight
Transformational Deal: BNP Paribas’ $5.5B Acquisition of Axa’s Investment Division to Revolutionize Asset Management
BNP Paribas is acquiring Axa's investment division for €5.5B, creating a major asset management player with €1,500B under management.
Sabio Holdings Secures $10M Credit Boost for Strategic Expansion
Sabio Holdings secures a $10 million credit facility from SLR Digital Finance,replaces Avidbank. This boost supports expansion and enhances financial stability.
Tempus Realty Partners Sells Big with $7.97 Million Deal in 2024
Tempus Realty Partners recently sold a 116,000-square-foot industrial building in Wilmington, North Carolina, for $7.97 million on July 26, 2024. The company originally bought the property for $7.2 million in November 2021. This sale shows how well Tempus can spot good investment opportunities and make a profit.
Stord’s Powerful Move: Acquires Pitney Bowes’ Fulfillment Services, Boosts Stock by 12%
Logistics startup Stord is acquiring the e-commerce fulfillment services operations of Pitney Bowes, which confirmed the sale of this small business segment amid ongoing strategic review, causing a 12% rise in Pitney Bowes' after-hours trading.
ESCO Technologies Boosts Defense Segment with $550M Acquisition, Eyes $175M Revenue Growth in 2024
ESCO Technologies (NYSE:ESE) agreed to acquire Ultra Maritime's Signature Management & Power business for $550M, funded through cash and debt, with the new acquisition expected to generate $175M in revenue in 2024 as part of its aerospace and defense segment.
SM Energy Eyes $3 Billion Expansion with XCL Resources Acquisition, Boosting Uinta Basin Presence
SM Energy (NYSE:SM) is reportedly in advanced talks to acquire Utah oil and gas producer XCL Resources for ~$3B, potentially expanding its operations into the Uinta Basin.
Shift4’s Bold Move: Acquires Majority Stake in Vectron, Expanding to 65,000 POS Locations Across Europe
Shift4 has acquired a majority stake in Vectron, adding 65,000 European POS locations, and completed its acquisition of Revel Systems.
Penn Entertainment’s Stock Tumbles 8%: Analyst’s Bold Prediction Shakes Market
Penn Entertainment (NASDAQ:PENN) dropped 8.2% after an analyst stated that a strategic review is unlikely due to a clear ESPN Bet product roadmap, upcoming football season, and volatile interest rates impacting M&A.
FTC’s Critical Meeting Puts AbbVie’s $8.7 Billion Cerevel Deal in the Spotlight
Cerevel Therapeutics (NASDAQ:CERE) shares fluctuated amid concerns about the FTC's closed-door meeting potentially affecting AbbVie's planned $8.7 billion acquisition of the company.