Dell-Baldwin Acquisition; ; Oracle-Ellison Stock Plan

0:00In business, there's the easy way with staples or the hard way. Easy means world-class reliability, answers from real human experts, and all your workplace needs in one order. Don't choose hard, choose staples. Learn more at staples.com. Bloomberg Audio Studios Podcasts, Radio, News The Stock Movers Report Your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. Let's take a look at some stacks on the move today. Jam Tucker. So this was this morning I thought of the lock on my front door, but now Baldwin is a commercial insurance broker. The ticker symbol, BWI and the shares are off. They are being taken private by an investor group that's being led by the family office of Michael Dell. Sure. The tech mogul, consortium led by the Dell Family Office, DFO management. Very cool. And sequence holdings announcing the deal this morning.

1:02This is for $32.50 a share, so that represents an enterprise value of just around $7.7 billion. Is it a very worn buffetish? Is that I guess? You know, I don't know the reason behind it, but DFO management is the venture capital-back investment house. It's primarily focused on the service sector. Sure. So Dell on Rich Goe, two number five, in terms of the Walthiest, folks out there, 262 billion, up 122 billion just this year. So he's got plenty of cash. Three cash flow on Baldwin, BWIN, like a couple of years ago, 23 million, small, small, small, small, and it's like ginormous. It's like done more than a double. Good for them to get there. Source of cash. They're never heard of them. BWIN, boomer group. Tampa, Florida. Find the other seats for the lightning or unreal. Absolutely unreal. Next. Moffit, Moffit, Nate's,

2:03and this morning raising the target on SpaceX class A shares to $142 from $131. So Elon Musk says, he'll be applying to users on X that he is highly confident that SpaceX will be launching in video AI computers in space next year, SpaceX set to receive a waiting boost also in the Nasdaq 100. So this follows the quarterly rebalancing. That's gonna be later this month. Key driver is a combination of a rule in the Nasdaq 100 in the staggered series of lockup aspirations for the shareholders, the IPO shareholders, as those lockups expire, more shares become available with trade. That's gonna increase the flow in the SpaceX eligible waiting in the index. Again, that's a later this month. Oracle next up, the share of slipping. This follows the disclosure that Larry Ellison, the co-founder, had canceled a plan to sell company shares.

3:04The AI cloud provider announcing over the weekend that Ellison had scrapped a trading plan adopted months earlier. This is a setup that shields corporate insiders from allegations of trading, unsensitive information. It established pre-determined instructions and executing trades automatically through a third party. But no Oracle stock was sold under the disclose plan. Ellison has no other plans to sell any of his Oracle stock of this according to Barren's. The announcement comes soon after the company disclosed that Ellison had adopted this plan to unload 50 million Oracle shares. That would have been about $7.5 billion worth of the company stock. This stock movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market moving headlines, listen to Bloomberg Radio Live, catch us on YouTube, bloomberg.com, and on Apple CarPlay and Android Auto

4:04with the Bloomberg Business app. In business, there's the easy way with staples or the hard way. Easy means world-class reliability, answers from real human experts, and all your workplace needs in one order. Don't choose hard, choose staples. Learn more at staples.com. Hi, I'm Andy Richter. I'm not of one the Miracle last season. That was so fun. But I did win the best gig ever, hosting the Dancing with the Stars official podcast. Get ready for all the inside scoop from the cast. All right, well, let's get to work. Behind the scene secrets and more from every episode. That was moldery. It's going to be iconic. All my dreams are coming true. Dancing with the Stars official podcast. New episodes every Thursday on Disney Plus and Hulu, and wherever you get your podcasts. Some people use chatGPT to answer questions. Others use it to get real work done. With chatGPT work, you bring the goal. Plus real inputs like briefs, notes, files, feedback, data,

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