Braze (BRZE) jumped 51.2% on Tuesday after Salesforce agreed to acquire the company for about $5.66 billion in enterprise value. Amkor (AMKR) rose 7.1% on Wednesday after announcing a new $1.3 billion agreement with NVIDIA to expand capacity in South Korea, bringing its multi-year commitments across Arizona and South Korea to $3 billion. Oceaneering (OII) fell 17.5% on Thursday after reporting a 26% year-over-year decline in third-quarter 2026 net income attributable to the company. Arhaus (ARHS) rose 2.6% on Wednesday as investors kept bidding up shares after Piper Sandler analyst Peter Keith upgraded the stock from Neutral to Overweight and raised his price target to $13 from $9. Silgan Holdings (SLGN) gained 5.1% on Monday after agreeing to combine its metal packaging business with Trivium Packaging in a deal that delivers $2.3 billion in cash proceeds.
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Amkor Technology (AMKR) shares jumped 7.1% in pre-market trading after the company announced a new $1.3 billion agreement with NVIDIA to expand capacity in South Korea, bringing total multi-year commitments across Arizona and South Korea to $3 billion. The stock later cooled to $42.94, up 3% from the previous close. The article says the deal gives Amkor clear revenue visibility and underscores the importance of advanced packaging for high-performance chip demand. Amkor's shares are very volatile, with 68 moves greater than 5% over the past year, and they are flat year to date and 54.1% below their 52-week high of $93.55 from June 2026.
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Salesforce agreed to buy marketing technology platform Braze for $47.50 per share in cash, valuing it at $5.66 billion including debt, to strengthen its weaker marketing business. Paying in cash rather than issuing new shares avoids diluting existing shareholders, addressing past criticism of deals such as Slack. Braze shares jumped 52% on the announcement, nearing the offer price, and CFO Robin Washington said the price equals roughly four months of fiscal 2027 free cash flow. The deal follows Salesforce's $3.6 billion all-cash acquisition of AI customer service platform Fin, which closed last month; Braze has about 2,770 customers, including Instacart, Dairy Queen and Venmo. The move comes as Salesforce shares are up more than 60% from their June 22 52-week closing low.
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Braze (BRZE) shares surged after Salesforce (CRM) agreed to acquire the company for $5.66 billion in an all-cash deal. Braze shareholders will receive $47.50 per share, while the stock traded around $45.35 that morning, suggesting some doubt the deal would close as negotiated. As of 10:10 a.m. ET, Braze was up 51.1% while Salesforce fell 0.6% after dipping as much as 3%. Braze brings 2,770 customers, including Canva, Dairy Queen, Equinox and Instacart, and the deal is expected to close in Salesforce's fiscal 2028, which begins in February, with significant regulatory pushback considered unlikely.
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Salesforce agreed to buy customer engagement platform Braze for about $5.66 billion, with Braze Class A holders receiving $47.50 in cash per share and closing expected in fiscal 2028, according to a Salesforce blog. Salesforce shares slipped about 1% Tuesday morning, while BRZE soared more than 50% after a brief premarket halt, from a $30.04 close on Monday. Braze makes AI marketing tools for managing customer data and messaging, and CEO Bill Magnuson said Salesforce's platform will help the company innovate faster.
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