Browsing Tag
Morgan Stanley
140 posts
Cirrus Logic’s Synaptics bid forced onsemi to rewrite a $5.7bn chip deal
Cirrus Logic’s previously undisclosed attempt to acquire Synaptics escalated into a semiconductor bidding contest that forced onsemi to abandon its original all-stock structure and offer $123 per share in cash. The battle exposes a larger strategic contest over edge artificial intelligence, connected devices and semiconductor diversification.
Tata Motors raises Iveco takeover offer to €14.40 as €3.91bn deal nears decisive vote
Tata Motors has lifted its recommended cash offer for Iveco Group to €14.40 per share, adding roughly €81 million to the transaction as the Indian truckmaker pushes its largest overseas commercial vehicle acquisition toward completion.
Schneider Electric’s $22.6bn PTC deal adds up to €17bn of new debt
Schneider Electric is making a much larger software bet after agreeing to acquire PTC for $205 a share, with debt, new equity and future synergies all becoming central to the return calculation.
C.H. Robinson (NASDAQ: CHRW) sinks 10.9% as $5.8bn RXO deal puts $300m synergy target on trial
C.H. Robinson is buying RXO in a $5.8 billion stock-and-cash transaction that would create a logistics group worth more than $25 billion. The buyer’s shares fell sharply as the market weighed new debt, paused repurchases and ambitious synergy assumptions against a much larger North American freight network.
Citadel Securities takes Wolfe Research stake as execution and research converge
Citadel Securities has taken a minority stake in Wolfe Research and formed a new institutional equities partnership that combines execution with independent research access, widening its push beyond electronic market making.
onsemi rewrites Synaptics deal to $5.7bn cash bid after rival proposal
The amended agreement removes stock consideration, gives Synaptics investors $123 per share and adds committed debt financing while preserving a mid-2027 closing target.
Accelevation prices $540m IPO below range as AI infrastructure meets valuation test
Accelevation Holdings has raised $540 million in a Nasdaq initial public offering after pricing shares at $18, below its $20 to $24 marketed range despite rapid growth in data-centre infrastructure revenue and a roughly $1.1 billion backlog.
Morgan Stanley private credit fund again gets withdrawal requests above its 5% limit
Investors requested withdrawals equal to 11.4% of Morgan Stanley’s North Haven Private Income Fund in its latest tender, more than twice the 5% of units the fund plans to repurchase, although a large share of requests came from investors whose earlier exits were only partly fulfilled.
CoreWeave launches another $3bn convertible as $104bn backlog demands more capital
CoreWeave has launched a $3 billion convertible-note offering and a separate programme covering as many as 35 million shares as the AI cloud provider races to finance infrastructure supporting a $104 billion revenue backlog and rapidly expanding contracted power capacity.
Oura files Nasdaq IPO as $11bn valuation meets profit surge
Oura has filed for a Nasdaq IPO after nine-month revenue jumped 74% to $1.21 billion and net income reached $60.8 million. The smart-ring company has 5 million paying members and membership gross margins of 89%, but hardware still produces 80% of revenue. Its public-market test is whether investors value Oura as a consumer-device maker or a recurring health-intelligence platform.