Mergers and Acquisitions

Warren Buffett's real-estate brokerage business, HomeServices of America, is considering a deal with Compass. What Happened: According to The Wall Street Journal, Compass — the biggest U.S. brokerage by volume in 2023 — offered to buy HomeServices of America for an unknown price. HomeServices of...

Fintech firm Rocket Companies (NYSE:RKT) agreed to acquire Redfin Corp. (NASDAQ:RDFN), a digital real estate platform, in an all-stock transaction valued at $12.50 per share, or approximately $1.75 billion in equity. Under the terms of the agreement, Redfin shareholders will receive 0.7926 shares...

New On The Block Raizen, a Brazilian joint venture between Shell plc (NYSE:SHEL) and Cosan SA (NYSE:CSAN), tapped JPMorgan to shop around its Argentinian oil refinery and gas stations network. Bloomberg recently reported that the company is undergoing a "profound" portfolio revision, citing CEO...

New On The Block Boeing (NYSE:BA) is seeking to sell Insitu, a maker of small, long-range military drones, per Bloomberg. The Arlington County, Virginia-based aerospace company acquired Insitu in 2008. Since then, the business has gone on to make drones for various military, including Ukraine...

New On The Block The New York Giants are seeking to sell up to a 10% ownership stake. The Giants, regarded as one of the most valuable sports teams in the world because of their history and the New York City market, have hired Moelis & Co. as their banker. Per ESPN, the Mara and Tisch families...

U.S. private equity firm Bain Capital is considering withdrawing its tender offer for Japanese IT company Fuji Soft after rival KKR & Co (NYSE:KKR) raised its bid in an extended bidding war. Bain stated that it is carefully evaluating its next steps, including the possibility of pulling out. If...

New On The Block PharmChem, Inc. (OTC:PCHM), the go-to name for drug-detecting sweat patches, is officially exploring strategic alternatives (i.e., mergers, acquisitions, or an outright sale). So far, the board of directors expressed confidence that it can handle things solo as opposed to hiring a...

New On The Block Sage Therapeutics, Inc. NASDAQ: SAGE) is officially exploring "strategic alternatives" to make shareholders happy. The process includes anything from a possible business combination to a full-on sale. Who’s interested? That would be Biogen Inc. (NASDAQ:BIIB), which submitted...

It seems even the mighty Guinness isn't immune to a hangover from the economic times. Diageo, the global booze behemoth, is reportedly considering selling or spinning off its iconic beer brand. The deal could fetch a frothy $10 billion, according to Bloomberg. The reasons? Inflation and health...

President Joe Biden prioritized freeing non-violent drug offenders during his final few days in the White House, but TikTok? That's President-elect Donald Trump's problem now. According to the Associated Press, Biden has no intention of enforcing the ban, which takes effect on his last full day in...

São Paulo-based airline Azul SA (NYSE:AZUL) shares are trading higher on Thursday. What Happened: Seaport Research Partners analyst Daniel McKenzie upgraded the stock from Neutral to Buy and announced a price forecast of $5.00. In October 2024, the analyst downgraded Azul due to concerns over long...

Barrick Gold Corporation (NYSE:GOLD) has alerted shareholders about an unsolicited mini-tender offer from TRC Capital Investment. What Happened: The offer seeks to purchase up to 5 million of Barrick's common shares, representing about 0.29% of the outstanding shares of the second-largest gold...

Instacart parent company Maplebear Inc (NASDAQ:CART) received an upgrade to Buy while also getting added to Needham’s conviction list on Monday as analysts expressed concern over increasing competition. What Happened: Needham analyst Bernie McTernan upgraded Maplebear from a Hold rating to a...

On Monday, Eli Lilly And Co (NYSE:LLY) agreed to acquire Scorpion Therapeutics, Inc’s PI3Kα inhibitor program STX-478. STX-478 is a once-daily oral, mutant-selective PI3Kα inhibitor currently being evaluated in a Phase 1/2 clinical trial for breast cancer and other advanced solid tumors....

New On The Block TD Bank, or Toronto-Dominion Bank (TSX:TD), will consider selling its 10.1% stake in Charles Schwab Corp. The sale is part of a strategic review stemming from the Canadian bank’s U.S. money-laundering scandal. Incoming TD Bank CEO Raymond Chun confirmed the process to...