New On The Block
• Expand Energy stock is trading at depressed levels. What should traders watch with EXE? .
Pitney Bowes Inc (NYSE: PBI ) is evaluating a range of strategic alternatives, including acquisitions, divestitures, partnerships, and a potential sale as part of the company’s long-term business plan.
Updates From The Block
Influence Media Partners has agreed to buy Anthem Entertainment for more than $600 million, Music Week reported. The deal includes music rights for 24,000 released songs and 60,000 additional unexploited works, including artists such as Britney Spears, OneRepublic and Justin Timberlake.
Bloomberg LP has acquired Canoe Intelligence, a platform that provides private markets data to institutional investors, wealth managers and family offices. Financial terms of the deal were not disclosed.
Dentalcorp has acquired Northstar Dental Partners, a group with 21 supported dental practices headquartered in Boca Raton, Florida. Financial terms of the transaction were not disclosed.
Shell has agreed to sell its BG Cyprus Unit to MOL Group, a Hungarian oil and gas firm, for approximately $720 million, Reuters reported. Shell said it decided to exit due to “disciplined capital allocation and portfolio choices,” as the company focuses on “opportunities that strengthen our integrated LNG value chain.”
Sargento Foods has bought California-based La Terra Fina, a regional provider of dairy-based dips, spreads and quiches. Financial terms of the deal were not disclosed.
Off The Block
Bankruptcy Block
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