Streetbeat News

Acquisitions Mergers

OMER

Omeros Corporation has entered into a royalty monetization agreement with DRI Healthcare Trust, receiving an upfront payment of $115 million. The deal also includes the potential for Omeros to earn an additional $55 million based on future sales milestones.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:13 pm

IR

Ingersoll Rand has completed the acquisition of Friulair, a company specializing in dryers and filtration technology, for $146 million. This strategic move is expected to enhance Ingersoll Rand's product offerings and market presence in the dryers and filtration sector.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:49 pm

LGST

Semper Paratus Acquisition has officially approved a merger with Tevogen Bio, marking a significant move in the biotech industry. This strategic merger aims to leverage Semper Paratus's financial and strategic resources with Tevogen Bio's expertise in developing innovative treatments. The merger is expected to enhance the combined entity's capabilities in bringing advanced therapeutic solutions to the market.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:43 pm

BFST

Business First Bancshares, Inc. (BFST) has announced the acquisition of Waterstone LSP, LLC. The financial terms of the deal were not disclosed. This strategic move could potentially expand BFST's market presence and enhance its service offerings, although the immediate financial impact remains unclear due to the lack of disclosed terms.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:36 pm

TGNA

TEGNA's subsidiary, Premion, has acquired Demand Side Platform (DSP) Octillion Media. TEGNA plans to finance this acquisition entirely with its available cash on hand.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:35 pm

X

U.S. Steel Corporation (NYSE:X) offers a 0.43% annual dividend yield, with Q4 earnings expected to show a decrease in both earnings per share and revenue compared to the previous year. Nippon Steel plans to acquire U.S. Steel for $55 per share. Investors can earn significant monthly income from dividends with substantial investment in U.S. Steel shares.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 1:23 pm

BTCUSD

ETHUSD

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin fell after the Fed left rates unchanged, signaling a temporary setback. Meanwhile, a new ETF allows investment in major tech stocks, and Binance faces a lawsuit for allegedly aiding terrorists. In the US, market sentiment declined following the Fed's decision, impacting stocks and the Dow. Globally, tensions with Iran and China's cyber activities raise concerns. Economic indicators suggest a looming recession, while in tech, Apple's new products and partnerships draw attention. The electric vehicle sector sees advancements and legal challenges for Tesla.

Portfolio Pulse from Akanksha Bakshi

February 01, 2024 | 1:22 pm

BABA

JD

MPNGF

MPNGY

NTES

TCEHY

Alibaba Group Holding Limited (NYSE:BABA) led a rebound in Hong Kong stocks, ending a two-day decline as optimism grew from the Federal Reserve's openness to policy easing and a private survey showing China's manufacturing industry's expansion. Other tech and e-commerce companies like JD.com Inc (NASDAQ:JD), Meituan (OTC:MPNGF, OTC:MPNGY), NetEase Inc (NASDAQ:NTES), and Tencent Holding Ltd (OTC:TCEHY) also saw gains. Alibaba is exploring the sale of its InTime department store branch, indicating a strategic pivot and refocusing on core e-commerce and cloud computing sectors. Alibaba's stock increased by 1.40% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 1:13 pm

BLBX

Evtec Aluminium, a target for acquisition by Blackboxstocks (BLBX), has secured a $67M supply contract from Jaguar Land Rover. This contract enhances Evtec's current order book to $847 million, with the parts supplied to be utilized in Jaguar's new electric vehicles set for a 2025 release.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:11 pm

TWLO

Twilio's stock experienced a significant increase following a report by The Information that a Dutch messaging startup is considering a bid for Twilio with the support of external investors.

Portfolio Pulse from Charles Gross

February 01, 2024 | 1:06 pm