Mergers and Acquisitions

The oil and gas production sector has already seen some mega deals in 2023 and merger and acquisition (M&A) activity is expected to continue into 2024 as the oil majors seek new growth opportunities. Exxon Mobil (NYSE:XOM) announced in October an agreement to acquire Pioneer Natural Resources (...

Oil giant Exxon Mobil Corporation (NYSE: XOM) is making headlines this week after agreeing to acquire Pioneer Natural Resources (NYSE: PXD) in one of its largest acquisitions in company history. Here’s a look at today's Pioneer deal, as well as a look back at the company’s previous...

The cannabis industry's mergers and acquisitions (M&A) landscape is undergoing a transformation, as highlighted in a recent panel discussion led by Scott Greiper, founder and president at Viridian Capital Advisors, at the Benzinga Cannabis Capital Conference in Chicago. This evolving sector...

Cisco Systems Inc (NASDAQ:CSCO) on Thursday announced agreements to acquire Splunk Inc (NASDAQ:SPLK) for $157 per share, a total equity value of about $28 billion. The acquisition price reflects a premium of 31.3% on Splunk’s price of $119.59 as of Wednesday's market close. Benzinga reported...

The U.S. Federal Trade Commission (F.T.C.) agreed to pause its in-house trial against the $69 billion acquisition of Activision Blizzard Inc. (NASDAQ:ATVI) by Microsoft Corp. (NASDAQ:MSFT). What Happened: The decision marks a significant victory for Microsoft and Activision as they strive to...

Visa Inc. (NYSE: V) is reportedly getting close to making a deal to acquire a Brazilian cloud-based platform provider for banking services and payments, Pismo. The company, which is in advanced discussions, can announce the deal this month, per Bloomberg. A final agreement has not been reached yet...

Microsoft Corp (NASDAQ: MSFT) indicated that it plans to challenge the Federal Trade Commissions’s lawsuit to block its $68.7 billion deal — $95 per share — to acquire video-game developer Activison Blizzard Inc (NASDAQ: ATVI), following the FTCs allegations that the deal...

Due to the difficult macroeconomic headwinds, the merger and acquisition (M&A) sector has cooled down compared to 2021. What Happened: According to the Boston Consulting Group, during the first seven months of 2022, there were more than 22,000 deals announced, totaling $1.85 trillion in value....

On Oct. 4, Wells Fargo & Co. (NYSE: WFC) analyst Michael Blum initiated coverage of Archaea Energy Inc. (NYSE: LFG) with an Overweight rating and a price target of $25 per share. About two weeks later, BP (NYSE: BP) purchased Archaea for approximately $26 per share of class A and class B shares...

Midwest Carriers announced Tuesday that it recently acquired refrigerated hauler Osborn & Son Trucking. Fond du Lac, Wisconsin-based Osborn & Son operates a fleet of 21 tractors and 60 trailers out of its consolidation facilities in New Jersey and Illinois. The company was founded in 1898...

It's not just a big deal in terms of dollars. The acquisition of LTL carrier AAA Cooper by Knight-Swift (NYSE: KNX) is radical in that it joins an LTL carrier with a truckload carrier, one of the biggest. The two businesses are very different. How will they integrate? On this week's Drilling Deep...

Draftkings Inc (NASDAQ: DKNG) announced Monday it has acquired BlueRibbon Software Ltd., a Tel Aviv-based jackpot and iGaming company. What Happened: BlueRibbon’s technology will be integrated into DraftKing’s products, allowing the company to offer additional features...

Primo Nutraceuticals Inc. (CSE: PRMO) (PINK: BUGVF) disclosed Thursday its intends to acquire Colorado-based Full Spectrum Biosciences Inc. Under the deal, the Vancouver-based company agreed to fully obtain FSB's revenue-generating assets. The transaction would include FSB's websites...

Denver-based Dixie Brands is close to wrapping up a $43-million reverse takeover with BR Brands. Meet BellRock Brands: The two companies announced the deal in March, just before many of the shelter-in-place and quarantine provisions were put in place as a precautionary measure...

Stem Holdings Inc. (OTCQX: STMH) (CSE: STEM) confirmed Tuesday the acquisition of e-commerce and DaaS (delivery-as-a-service) provider Driven Deliveries Inc. (OTCQB: DRVD). The all-stock transaction is scheduled to close by the year and. Shareholders of...