Streetbeat News

Acquisitions Mergers

SLRC

SLR Investment Corp. (NASDAQ:SLRC) has acquired an asset-based factoring portfolio and operations from Webster Bank for $115 million. This acquisition enhances SLRC's specialty finance platform by adding a seasoned portfolio and a team of professionals, increasing its exposure to first lien senior secured collateralized assets.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:09 pm

CTRM

Castor Maritime has announced the acquisition of a 2020-built Kamsarmax bulk carrier for $29.95 million, with delivery expected in October 2024.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:03 pm

HOPE

TBNK

Territorial Bancorp's board has reaffirmed its commitment to a proposed merger with Hope Bancorp. This decision highlights the ongoing strategic alignment between the two financial institutions.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:02 pm

KAVL

Delta Corp Holdings is advancing its business combination with Kaival Brands by submitting a draft registration statement to the SEC. This move will create a new publicly listed holding company.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:32 pm

ALCE

VVPR

The article highlights two oversold utility stocks, VivoPower International (VVPR) and Alternus Clean Energy (ALCE), which present potential buying opportunities. Both companies have experienced significant stock price declines and have RSI values indicating oversold conditions.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 12:32 pm

VPG

Vishay Precision Group (VPG) has acquired Nokra, though the terms of the deal were not disclosed. This acquisition could potentially enhance VPG's market position and product offerings.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:31 pm

BL

NIO

PRME

Nio shares rise 15% due to a significant investment in its China subsidiary. Prime Medicine enters a strategic collaboration with Bristol Myers Squibb, receiving $110M upfront and potential milestones over $3.5B, boosting its stock by 33%. BlackLine shares increase after a Morgan Stanley upgrade.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:18 pm

EMKR

Emcore shares rise as Mobix Labs offers to acquire the company for $3.80 per share in an all-cash deal.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:16 pm

BCSA

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) announced the termination of its business combination agreement with Linqto, Inc. Linqto will pay a $5 million termination fee to BCSA within 30 days.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:08 pm

ITGR

ULBI

Ultralife Corporation is set to acquire Electrochem Solutions from Integer Holdings for $50 million in cash. This acquisition is expected to enhance Ultralife's product offerings and market reach.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:07 pm