Latest news with #merger
Bloomberg
6 hours ago
- Business
- Bloomberg
DOJ Settles Merger Case Over HPE's $13 Billion Juniper Deal
The Justice Department settled its lawsuit challenging Hewlett Packard Enterprise 's $13 billion takeover of Juniper Networks, less than two weeks before a trial was set to start. The settlement was disclosed in court filings late Friday and will require the combined company to sell HPE's Instant On wireless networking business and auction off a license to Juniper's competing Mist business.
Yahoo
7 hours ago
- Business
- Yahoo
Blackstone Just Bought $2 Billion in Real Estate Loans--Here's Why It Matters Now
After completing its merger with Sandy Spring Bancorp in April, Atlantic Union Bankshares (NYSE:AUB) wasted no time reshaping its balance sheet. This week, the Richmond-based bank sold roughly $2 billion worth of performing commercial real estate loansoriginally acquired from Sandy Springto Blackstone (NYSE:BX), via its real estate debt platform BREDS. The loans had already been earmarked for sale as of April 1 and were ultimately priced in the low 90s to par. Atlantic Union will continue servicing the customers, while using the sale proceeds to pay down expensive funding sources and boost its securities portfolio. Warning! GuruFocus has detected 5 Warning Signs with BX. For Atlantic Union, this is all about simplification and risk management. CEO John Asbury called the transaction a clean execution that supports future growth and reduces CRE exposurekey for post-merger integration. Blackstone, meanwhile, sees another opportunity to expand its growing footprint in real estate credit. The $76 billion BREDS platform has now added $20 billion in CRE loan purchases over the past two years, including chunks of the failed Signature Bank portfolio and a $1 billion haul from Germany's PBB. Tim Johnson, head of Blackstone Real Estate Debt Strategies, said this deal highlights the firm's ability to craft bespoke solutions for banks offloading real estate risk. With rising rates and shifting valuations still pressuring CRE portfolios, private capital is stepping in aggressivelyand at discounted pricing. For Blackstone, that could mean solid upside. For regional banks like Atlantic Union, it's a way to stay liquid and lean while the dust settles. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Why Northern Trust Stock Zoomed 11% Higher This Week
A newspaper report stated a suitor might be interested in effectively acquiring the bank. That won't exactly be a cheap purchase, however. 10 stocks we like better than Northern Trust › Very often, when a publicly traded company is the focus of takeover interest, investors are attracted to its stock. That was the case earlier this week when a media report stated that banking conglomerate Northern Trust (NASDAQ: NTRS) had been approached by a potential suitor. That juiced its shares, which, according to data compiled by S&P Global Market Intelligence, ended the week more than 11% higher in price. On Sunday, The Wall Street Journal broke the news that Bank of New York Mellon (NYSE: BK) indicated to Northern Trust that it desired a merger with the smaller banking group. This quickly made its way to the highest levels of management, as according to unnamed "people familiar with the matter," the CEOs of the two companies had at least one conversation on a potential deal. The newspaper's sources said the discussions didn't advance to talks of a specific offer. At the time, it reported that Mellon is mulling its next move. This might indeed result in a formal offer being made. While the Journal used the word "merger" in writing about a potential deal, in all likelihood, any sort of arrangement would be more of an acquisition by Mellon. Given that, it won't be a cheap purchase. Northern Trust's market cap is over $24 billion, which would mean a hefty price tag, even at a modest premium. Neither Northern Trust nor Mellon has yet publicly commented on the report, and I wouldn't expect them to if talks are indeed at an early stage. I'd imagine any premium paid will be somewhat generous, given Mellon's apparent eagerness to bulk up with an already-sizable asset. This story is well worth monitoring for shareholders of both banks. Before you buy stock in Northern Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Northern Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Northern Trust Stock Zoomed 11% Higher This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
15 hours ago
- Business
- Globe and Mail
Why Northern Trust Stock Zoomed 11% Higher This Week
Very often, when a publicly traded company is the focus of takeover interest, investors are attracted to its stock. That was the case earlier this week when a media report stated that banking conglomerate Northern Trust (NASDAQ: NTRS) had been approached by a potential suitor. That juiced its shares, which, according to data compiled by S&P Global Market Intelligence, ended the week more than 11% higher in price. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » An apparent suitor On Sunday, The Wall Street Journal broke the news that Bank of New York Mellon (NYSE: BK) indicated to Northern Trust that it desired a merger with the smaller banking group. This quickly made its way to the highest levels of management, as according to unnamed "people familiar with the matter," the CEOs of the two companies had at least one conversation on a potential deal. The newspaper's sources said the discussions didn't advance to talks of a specific offer. At the time, it reported that Mellon is mulling its next move. This might indeed result in a formal offer being made. While the Journal used the word "merger" in writing about a potential deal, in all likelihood, any sort of arrangement would be more of an acquisition by Mellon. Given that, it won't be a cheap purchase. Northern Trust's market cap is over $24 billion, which would mean a hefty price tag, even at a modest premium. An unfolding saga worth following Neither Northern Trust nor Mellon has yet publicly commented on the report, and I wouldn't expect them to if talks are indeed at an early stage. I'd imagine any premium paid will be somewhat generous, given Mellon's apparent eagerness to bulk up with an already-sizable asset. This story is well worth monitoring for shareholders of both banks. Should you invest $1,000 in Northern Trust right now? Before you buy stock in Northern Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Northern Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor 's total average return is1,048% — a market-crushing outperformance compared to175%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025
Associated Press
21 hours ago
- Business
- Associated Press
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MRC, TSBX, DNOW on Behalf of Shareholders
NEW YORK, June 27, 2025 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: MRC Global Inc. (NYSE: MRC)'s sale to DNOW Inc. for 0.9489 shares of DNOW common stock for each share of MRC common stock. If you are a MRC shareholder, click here to learn more about your legal rights and options. Turnstone Biologics Corp. (NASDAQ: TSBX)'s sale to XOMA Royalty Corporation for $0.34 in cash per share plus one non-transferable contingent value right. If you are a Turnstone shareholder, click here to learn more about your legal rights and options. DNOW Inc. (NYSE: DNOW)'s merger with MRC Global Inc. Upon completion of the proposed transaction, DNOW shareholders will own approximately 56.5% of the combined company on a fully diluted basis. If you are a DNOW shareholder, click here to learn more about your legal rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLC Daniel Sadeh, Esq. Zachary Halper, Esq. (212) 763-0060 [email protected] [email protected] View original content to download multimedia: SOURCE Halper Sadeh LLP
