Streetbeat News

Acquisitions Mergers

NOG

SM

Northern Oil and Gas (NOG) is set to acquire a 20% undivided stake in XCL assets in partnership with SM Energy (SM) for a purchase price of $510 million in cash.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:20 am

SM

SM Energy has announced its acquisition of Uinta Basin oil and gas assets for an unadjusted purchase price of $2.55 billion.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:19 am

HHH

Howard Hughes Corporation has acquired Waterway Plaza II, a Class A office building with 142,448 rentable square feet in The Woodlands Town Center, for $19.2 million.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:18 am

LNTH

Lantheus Holdings, Inc. (NASDAQ:LNTH) has acquired global rights to Life Molecular Imaging's RM2, a radiotherapeutic and radiodiagnostic pair targeting the gastrin-releasing peptide receptor (GRPR), for $35 million. This acquisition enhances Lantheus' cancer pipeline, particularly in prostate and breast cancer.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:10 am

VSTO

Vista Outdoor has adjourned its special meeting of stockholders to July 23, 2024, to review MNC's revised offer. The Board will evaluate the offer in line with its fiduciary duties and the existing merger agreement with Czechoslovak Group a.s. (CSG). No determination has been made regarding the MNC offer.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:10 am

GILT

Gilat Satellite Networks Ltd. (NASDAQ: GILT) has secured over $14 million in orders for its In-Flight Connectivity (IFC) solutions from several prominent service providers and system integrators. This strengthens Gilat's leadership in the IFC market, further bolstered by its recent acquisition of Stellar Blu Solutions.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:04 am

TH

Target Hospitality's Special Committee is reviewing a $10.80/share proposal from TDR received on March 25. No decision has been made, and there is no obligation to provide updates unless required by law.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:01 am

PSHG

Sphinx Investment has extended the expiration date of its offer to purchase Performance Shipping (PSHG) for $3.00 per share in cash. The new expiration date is 11:59 P.M., New York City Time, on September 17.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:59 am

IP

SUZ

International Paper's shares dropped 15% in pre-market trading after Suzano abandoned its acquisition pursuit. Suzano's decision followed International Paper's rejection of its advances, as the latter focuses on its own merger plans with DS Smith. Suzano's U.S.-listed shares jumped 11.94% in pre-market trading.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 10:03 am

NOK

Nokia has signed a deal with the French State to sell its Submarine Networks Business (ASN) for €350M. Nokia will retain a 20% shareholding with board representation until a targeted exit, expected at the end of 2024 or beginning of 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:56 am