Streetbeat News

Acquisitions Mergers

MOR

NVS

Novartis AG is reportedly in advanced talks to acquire MorphoSys AG, according to sources cited by Reuters. This potential acquisition could significantly impact both companies' market positions and future growth prospects.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:17 pm

FNB

FNB has agreed to submit a remedial plan and retain an independent monitor to assess its lending practices and improve training. Additionally, FNB will open or acquire new branches in majority-Black and Hispanic areas in Charlotte and Winston-Salem, North Carolina, according to a court filing.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:08 pm

TSLA

SAP has decided to remove Tesla from its list of company car suppliers, citing fluctuating list prices and problematic delivery conditions as the main reasons. This decision affects Tesla's presence in the German fleet market, where it already faces challenges, as evidenced by similar moves from Hertz and Sixt and a low market share among major German fleet operators.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:52 pm

OPTX

Syntec Optics has achieved a production milestone by delivering its 50,000th microlens array, expanding its production capacity and entering new end-markets including Communications. This expansion was facilitated by acquiring production and metrology equipment from a customer's facility. The company's advanced manufacturing processes and ability to meet high precision requirements have attracted blue chip customers. The global photonics-enabled marketplace, including communications, is valued at $2.1 trillion, with communications alone valued at nearly $43B.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:46 pm

CKPT

NTRA

PINS

TDUP

Insiders at Pinterest, Checkpoint Therapeutics, ThredUp, and Natera have recently sold shares. Pinterest's stock was positively reviewed by Keybanc, Checkpoint announced a $14 million offering, ThredUp reported disappointing Q3 results, and Natera acquired assets from Invitae.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 2:42 pm

AVCNF

Avicanna Inc. has entered into an exclusive supply agreement with an unnamed multinational pharmaceutical company to launch its proprietary topical products in Europe. The products, developed from cannabinoids sourced from Avicanna's Colombian operations, are expected to be available in six European countries in 2024. Avicanna's shares saw a 4.3639% decrease to $0.2437 per share after the market close on Friday.

Portfolio Pulse from Jelena Martinovic

February 05, 2024 | 2:41 pm

CHEA

Chenghe Acquisition Co (CHEA) shares are trading higher following the approval of the merger agreement with Taiwan Color Optics by shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:34 pm

WYY

WidePoint Corporation (NYSE:WYY) announced its subsidiary IT Authorities has been awarded a $1.4 million contract for managed IT and cyber services by a major Florida attraction and research center. The three-year contract includes a comprehensive range of services such as 24x7 management and support, disaster recovery planning, and managed cyber security services. This win highlights IT Authorities' reputation and expertise in the MSP field and demonstrates WidePoint's successful cross-sell efforts and strengthening position in the MSP market.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:33 pm

CEI

Camber Energy, Inc. (CEI) announced an additional purchase order for a VKIN-6000/A Waste Treatment unit from Planeteq Limited, the exclusive UK distributor for Viking Ozone Technology, LLC. This unit is intended for delivery to a UK hospital within the National Health Service Trust, showcasing the benefits of ozone technology for waste treatment.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:25 pm

EVBG

Everbridge Inc (NASDAQ:EVBG) shares surged after announcing an acquisition agreement with Thoma Bravo, valuing the company at approximately $1.5 billion. Shareholders will receive $28.60 per share in cash, and Everbridge will become privately held post-transaction. The deal, expected to close in Q2 2024, includes a 25-day 'go-shop' period allowing Everbridge to consider alternative proposals.

Portfolio Pulse from Adam Eckert

February 05, 2024 | 2:25 pm