Streetbeat News

Acquisitions Mergers

COYA

Coya Therapeutics has appointed Arun Swaminathan, Ph.D., as its new CEO. Swaminathan brings significant deal-making and strategic experience, including a $700M licensing deal with Dr. Reddy's Lab. The company is also highlighting the potential benefits of low-dose Interleukin-2 in an Alzheimer's Phase 2 trial.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:18 pm

KEQU

Kewaunee Scientific Corporation has announced its acquisition of Nu Aire for $55 million. This strategic move is expected to enhance Kewaunee's market position and expand its product offerings.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:07 pm

BAP

Credicorp announced its plan to acquire the remaining 50% interest in a joint venture with Empresas Banmédica, initially executed in December 2014 between Pacífico Compañía De Seguros Y Reaseguros S.A. and Banmédica.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:37 am

RILY

SF

B. Riley has signed a definitive agreement to sell a portion of its traditional wealth management business to Stifel Financial for an estimated $27M to $35M in cash. The deal involves transitioning 40 to 50 advisors and customer accounts with AUM of $3.5B to $4.5B to Stifel by early 2025.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:05 am

WAT

Waters Corp has revised its FY24 sales growth and adjusted EPS forecasts. The company now expects reported sales growth between -0.8% and -0.2%, an improvement from the previous forecast. Adjusted EPS is projected to be between $11.67 and $11.87, higher than the prior estimate. The Wyatt transaction has contributed positively to sales.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:15 am

MPB

WMPN

William Penn is set to merge with Mid Penn Bancorp in an all-stock transaction valued at approximately $127 million. The merger will create a combined community banking franchise with significant assets, loans, and deposits. William Penn shareholders will receive 0.4260 shares of Mid Penn for each William Penn share.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:03 am

BWLLF

BW LPG has acquired the vessel BW Chinook from Avance Gas, issuing 1.35 million new BW LPG shares to Avance Gas as part of the payment.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:44 am

FCPT

Four Corners Property Trust (FCPT) has acquired three Christian Brothers Automotive sites for $9.6 million. This acquisition is part of FCPT's strategy to expand its real estate portfolio.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:38 am

RWAY

Mount Logan has acquired a minority stake in Runway Growth Capital for $5 million in shares, while BC Partners Credit has agreed to acquire a majority stake. This acquisition aims to expand Runway's origination channels and capital availability, benefiting both Mount Logan and existing Runway investors.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:33 am

META

PLTR

SQ

TSLA

Cathie Wood's Ark Invest made significant trades, buying $19M in Meta shares while selling Tesla, Palantir, and Block stocks. The moves align with Ark's strategic shifts and market analyses.

Portfolio Pulse from Benzinga Neuro

November 01, 2024 | 2:28 am