4 Mergers and Acquisitions (M&A) Deals Driving Up Stock Prices, More to Expect?
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*The information below reflects stock prices as of 11:30am EDT. Please note that stock prices may have changed since that time.
Business Wire
BullishLongTerm 1.09%AAM&A
Alcoa Announces Long-Term Alumina Supply Contract Extension with Aluminium Bahrain
- Alcoa agreed to supply 16.5 million tonnes of alumina to Alba over 10 years.
- The contract, starting in 2026, reinforces Alcoa’s position as a key supplier.
- Alcoa aims for long-term supply stability and flexibility in alumina management.
- Alba's partnership with Alcoa highlights their commitment to sustainable growth.
Proactive Investors
BullishLongTerm 10.25%BTBTM&A
Bit Digital bolsters AI infrastructure with $46M acquisition of Enovum
- BTBT acquires Enovum for CAD$62.8M, enhancing its data center capabilities.
- The deal provides a pipeline of over 280 MW for future growth.
Zacks Investment Research
BullishLongTerm 0.76%DSGXM&A
DSGX Boosts E-commerce Suite With Sellercloud Buyout: Stock to Gain?
- Descartes acquired Sellercloud for $110 million to enhance e-commerce offerings.
- Additional $20 million may be payable based on performance metrics within two years.
- Acquisition broadens Descartes' inventory and order management capabilities.
- Revenue grew 14% year-over-year to $163.4 million in the last quarter.
- Global macroeconomic issues present potential challenges to future growth.
Zacks Investment Research
VeryBullishShortTerm 0.03%LBPHM&A
Longboard Set to be Acquired by Lundbeck for $2.6B, Stock Soars 52%
- LBPH to be acquired by Lundbeck for $60 per share in cash.
- Acquisition represents a 77% premium over LBPH's recent average stock price.
- Lundbeck gains access to LBPH's promising drug, bexicaserin for seizures.
- Bexicaserin could generate peak sales of $1.5-$2 billion.
- LBPH shares surged 51.7% on acquisition announcement.
Business Wire
BullishLongTerm 0.35%TTEKMass Contract
Tetra Tech Awarded $37.5 Million USAID Urban Water, Sanitation, and Solid Waste Management Services Contract
- Tetra Tech received a $37.5 million contract from USAID.
- The contract aims to enhance water and waste management in Southern Africa.
- Tetra Tech will leverage private investment for sustainable practices.
- Focus on climate-resilient approaches for urban community support.
- Collaboration with local governments to address infrastructure challenges.
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