Budrigantrade review-6 big stocks to trade that you might have missed
2023.03.05 12:43
Budrigantrade review-6 big stocks to trade that you might have missed
If you missed any of Budrigantrade.com’s biggest deal dispatches from the past week, you can find them here. Follow us to receive this information first.
With the help of a licensing offer-report, Microsoft will receive approval from the EU for the Activision acquisition
Microsoft (NASDAQ:) for its $69 billion acquisition of Activision Blizzard (NASDAQ:) is likely to receive approval from the European Commission. by providing competitors with licensing agreements, as reported by Reuters on Thursday.
According to sources familiar with the situation, Microsoft will not be required to divest any assets in order to obtain approval from the European Commission, which is expected to make a decision regarding the deal by April 25. In order to address concerns raised by parties other than Sony (NYSE:), Microsoft may need to take additional measures. in addition to providing competitors with licensing agreements. Most of the time, these measures are related to how the merged company will act in the future.
After the report, Activision Blizzard shares increased by more than 2% on Thursday, and the week ended with a gain of more than 3%.
Regarding the VMware deal, the EU issues a warning to Broadcom
(NASDAQ) Broadcom will soon receive an antitrust warning from the European Union regarding the potential impact of its $61 billion bid for VMware (NYSE:) on competition. Reuters reported on Monday, citing sources with knowledge of the situation. In the coming weeks, the warning is expected to be issued.
The European Commission began an investigation in December, stating that the agreement would enable Broadcom to limit competition in the market for specific hardware components that are compatible with VMware’s software.
A statement of objections will be issued by the commission, according to the sources. After this, businesses can ask for a closed hearing to defend their deals in front of senior commission and national competition officials, rivals, and commission lawyers.
While no asset sale is anticipated, Broadcom is expected to propose remedies only after receiving the EU’s charge sheet.
Brazil, South Africa, and Canada have approved the acquisition, but the UK’s competition regulator is looking into the deal.
On the basis of earnings that were higher than anticipated, both and increased for the week by 7.9% and 4.7%, respectively.
Pfizer in talks to acquire Seagen for more than $30 billion.
Pfizer (NYSE:) is looking into acquiring Seagen (NASDAQ:) in a deal that, according to sources familiar with the situation, could cost more than $30 billion, as reported by the Wall Street Journal on Monday.
The WSJ reported that there is no assurance the acquisition will take place because the talks are still in their infancy. In addition, antitrust concerns would most likely necessitate regulatory review and approval for any potential transaction.
Seagen and Merck (NYSE:), a rival of Pfizer, were in advanced acquisition discussions last year. but there was no formal agreement between the parties.
After the report, Seagen shares rose 10% on Monday and closed the week up more than 12%.
Apollo Global Management investigates an Arconic takeout
(NYSE:) Arconic According to sources familiar with the situation, The Wall Street Journal reported on Tuesday that private equity firm Apollo Global Management is in talks to acquire the business. As a result, shares of the company increased by more than 19%. Additionally, debt financing is said to be in place.
According to the report, Arconic has also contacted other potential suitors, but there is no guarantee that a deal will be reached with any of them.
EQT will pay $3 billion for Radius Global Infrastructure
The Public Sector Pension Investment Board and the EQT Active Core Infrastructure fund announced on Wednesday that they had reached an agreement to acquire Radius Global Infrastructure (NASDAQ:) for $3 billion. for $15.00 per share in cash.
Radius Global shares increased by more than 24% this week in a deal worth approximately $3 billion.
When it is announced that OneSpan is considering a sale, the stock soars
(NASDAQ) OneSpan, Reuters reported on Thursday that the company, which has become the target of activist hedge funds like Legion Partners Asset Management, is looking into options that might include selling the business.
According to people who are familiar with the situation, the business is collaborating with investment bank Evercore on a sale process that has the potential to pique the interest of other businesses and private equity firms.
OneSpan shares gained 40% at the end of the week.
