#CorporateActions Spire Global stock tumbled 20% after announcing a $70 million private placement to fund weather and security expansion. The satellite data firm's shares gapped down amid the dilutive financing, triggering unusually large options volume and increased implied vol ... Continue reading

#CorporateActions Neurocrine Biosciences agreed to acquire Soleno Therapeutics for $2.9 billion, paying $53 per share in cash. The deal represents a 34.1% premium over Soleno's previous closing price and will be funded without external financing.

The acquisition expands Neurocr ... Continue reading

#CorporateActions Inovio Pharmaceuticals shares tumbled to a 52-week low after announcing a public offering of stock and warrants. The company initially proposed a securities offering and suspended an at-the-market offering prospectus before pricing the dilutive transaction. The ... Continue reading

#CorporateActions Eli Lilly announced the acquisition of Centessa Pharmaceuticals for an initial $6.3 billion, or $38 per share in cash, representing a 38% premium over the previous day's closing price. The deal includes contingent value rights worth up to $9 per share, bringing ... Continue reading

#CorporateActions Biogen announced a definitive agreement to acquire Apellis Pharmaceuticals for $5.6 billion, paying $41 per share in cash plus contingent value rights. The deal expands Biogen's immunology and rare disease portfolio, particularly in nephrology and complement C3 ... Continue reading

#CorporateActions German consumer goods company Henkel agreed to acquire prestige hair care brand Olaplex Holdings for $1.4 billion. The acquisition sent Olaplex shares soaring over 50% in pre-market trading, with the stock hitting a new 12-month high and becoming one of the mos ... Continue reading

#CorporateActions Merck agreed to acquire Terns Pharmaceuticals for $6.7 billion in cash, paying $53 per share for the oncology-focused drugmaker. The deal, which was first reported by the Financial Times as nearing completion at approximately $6 billion, aims to strengthen Merc ... Continue reading

#CorporateActions Billionaire Wes Edens reached a debt restructuring agreement for New Fortress Energy that will reduce the company's obligations from $5.7 billion to $527.5 million. The deal involves spinning off Brazilian operations into a creditor-owned standalone company. Cu ... Continue reading

#CorporateActions Public Storage agreed to acquire National Storage Affiliates Trust in an all-stock transaction valued at approximately $10.5 billion including debt, with NSA shareholders receiving $41.68 per share. The deal creates a $77 billion storage industry leader. Nation ... Continue reading

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Investment wisdom from Mario Gabelli

Corporate actions create unique opportunities where thorough analysis can uncover mispriced securities.

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#CorporateActions Ziff Davis agreed to sell its connectivity division to Accenture for $1.2 billion, triggering a 60% surge in the company's stock price. The transaction represents a major divestiture for the digital media and internet company.

#CorporateActions Private equity firm Kinderhook Industries agreed to acquire home health provider Enhabit for $1.1 billion, or $13.80 per share in cash, sending shares up 22.6% in premarket trading. Following the announcement, analysts adjusted their positions with Oppenheimer ... Continue reading

#CorporateActions Affinius-led consortium to acquire Veris Residential for $3.4 billion in all-cash deal at $19 per share, representing a 23.2% premium to shareholders. Stock surged 12.8% on the announcement following Q4 earnings release.

#CorporateActions Gilead Sciences announced the acquisition of cancer therapy developer Arcellx for up to $7.8 billion, sending Arcellx shares up 78% in pre-market trading. The deal structure includes $115 per share in cash plus a $5 per share contingent value right tied to futu ... Continue reading

#CorporateActions Candel Therapeutics shares declined Friday after the company priced a $100 million public offering. The stock dropped approximately 9.9 percent in premarket trading as investors reacted to the dilutive capital raise. The offering was announced amid broader mark ... Continue reading

#CorporateActions Private equity firm Leonard Green Partners agreed to acquire Mister Car Wash in a $3.1 billion take-private transaction valued at $7 per share. The stock surged 16.5% in premarket trading on the announcement. Following the deal, William Blair downgraded the sto ... Continue reading

#CorporateActions Germany's Hapag-Lloyd agreed to purchase Israel's ZIM Integrated Shipping Services for $4.2 billion in an all-cash transaction valued at $35 per share. The acquisition will secure Hapag-Lloyd's position as the world's fifth-largest shipping group. ZIM stock sur ... Continue reading

#CorporateActions Danaher announced plans to acquire medical device maker Masimo Corporation in a $9.9 billion all-cash transaction valued at $180 per share, sending Masimo shares surging 34.2% in premarket trading. Following the acquisition announcement, multiple analysts downg ... Continue reading

#CorporateActions Great Lakes Dredge & Dock agreed to be acquired by Saltchuk Resources in an all-cash transaction valued at $17 per share, representing approximately $1.2 billion in equity value and $1.5 billion total transaction value. The stock rose 4.7% in pre-market trading ... Continue reading

#CorporateActions Transocean agreed to acquire offshore drilling contractor Valaris Limited in an all-stock transaction valued at $5.8 billion. The deal expands Transocean's presence in the offshore drilling sector. Valaris shares surged 15.7% in premarket trading while Transoce ... Continue reading

#CorporateActions Multiple investment firms downgraded Webster Financial stock on February 4th following the announcement of Santander's $12.2 billion acquisition deal. RBC Capital, Jefferies, Truist Financial, TD Cowen, and Stephens all cut their ratings to Hold or Equal Weight ... Continue reading

#CorporateActions Banco Santander announced the acquisition of US-based Webster Financial Corporation in a cash-and-stock transaction valued at approximately $12.3 billion. The deal comes as Webster Financial stock reached a 52-week high of $67.47. Santander stated the acquisiti ... Continue reading

#CorporateActions GlaxoSmithKline announced a $2.2 billion cash acquisition of RAPT Therapeutics at $58 per share, sending RAPT stock surging 64% in pre-market trading. The deal gives GSK rights to RAPT's anti-IgE antibody, a therapy targeting food allergies that GSK views as a ... Continue reading

#CorporateActions Allegiant Travel is acquiring Sun Country Airlines in a cash-and-stock deal valued at $1.5 billion, marking significant consolidation in the low-cost carrier segment. The acquisition sent Sun Country shares soaring, with the stock jumping over 13 percent in pre ... Continue reading

#CorporateActions Merck is negotiating to acquire cancer drugmaker Revolution Medicines in a deal valued between $28 billion and $32 billion, according to the Financial Times. The potential acquisition sent Revolution Medicines shares soaring over 15% in pre-market trading. Wedb ... Continue reading

#CorporateActions Eli Lilly agreed to acquire Ventyx Biosciences for $1.2 billion at $14 per share in cash, pursuing the company's oral immune drug portfolio. Following the acquisition announcement, multiple analysts downgraded Ventyx stock from buy ratings to neutral or hold, c ... Continue reading

#CorporateActions Compass Inc emerged as one of Tuesday's top gainers and most active stocks, climbing 15% after announcing a $750 million convertible notes offering. The real estate technology company initially dropped before rebounding strongly. The broader real estate sector ... Continue reading

#CorporateActions Eli Lilly will acquire Ventyx Biosciences in a $1.2 billion deal, sending Ventyx shares soaring 56% on the news. UBS initiated coverage on Ventyx with a Buy rating, projecting 45% upside prior to the acquisition announcement. The deal marks a significant premiu ... Continue reading

#CorporateActions Buyout firm Hg Capital reached an agreement to acquire OneStream in a $6.4 billion all-cash transaction at $24.00 per share. The board approved the deal, along with majority shareholder KKR. Shares surged 24-29% on the announcement. The transaction, expected to ... Continue reading

#CorporateActions SoftBank Group announced the acquisition of DigitalBridge Group, a data center focused asset manager, in a deal valued at $4 billion. The Japanese investment firm will pay $16 per share in cash for the digital infrastructure investor as it expands its AI-relate ... Continue reading