Penske Corp. and Mitsui Propose $3.8 Billion Take-Private Deal for Penske Automotive Group
Penske Corp. and Mitsui plan to acquire the remaining 27% of Penske Automotive Group at $210 per share in a $3.8 billion buyout.
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Infleqtion Secures Three Major DOE Projects Under Genesis Mission
Craig-Hallum initiates coverage on Infleqtion with a Buy rating and $19 price target.
CrowdStrike Teams with Cerebras for Near-Instant AI Threat Detection and Response
CrowdStrike’s AI security now runs on Cerebras’ fastest inference platform for near-instant detection and response. Cerebras also adopts Falcon to secure its operations.
AMD Invests Up to $5 Billion in Anthropic While Securing Huge GPU Contract
Anthropic secures up to 2GW of AMD Instinct MI450 GPUs and a $5B strategic investment from AMD. The deal strengthens AMD’s position in AI infrastructure against Nvidia while powering Claude’s growth.
TE Connectivity’s Earnings Triumph Overshadowed by Astrodyne Acquisition Worries
TE Connectivity reported record Q3 sales of $5.16 billion and raised its guidance, but shares fell as investors voiced concerns over the $1.4 billion acquisition of Astrodyne TDI.
FFBC Expands Chicago Footprint with $208M Acquisition of Finward Bancorp
The acquisition adds 24 branches and boosts Chicago deposits by 75%. Expected close Q4 2026.