Streetbeat News

Acquisitions Mergers

NCNC

Noco-noco has acquired X-SEPA technology production equipment valued at approximately $9 million. The acquisition was made in exchange for issuing around 90 million new shares at a reference price of $0.10 per share.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:08 pm

TCEHY

Tencent and the Guillemot family are considering a joint buyout of Ubisoft, which has seen its share price fall due to poor sales and delays. Tencent holds 9.2% of Ubisoft's voting rights, while Guillemot holds 20.5%. The potential buyout could stabilize Ubisoft's market position.

Portfolio Pulse from The Bamboo Works

October 16, 2024 | 1:06 pm

BLCN

BYON

ONLN

TCS

The Container Store (TCS) shares surged in premarket trading after announcing a $40 million investment from Beyond, Inc. (BYON) as part of a strategic partnership. This collaboration aims to enhance customer experience and boost traffic for TCS's core offerings. Beyond will gain approximately 40% ownership of TCS's common equity, contingent on certain conditions.

Portfolio Pulse from Nabaparna Bhattacharya

October 16, 2024 | 12:59 pm

ALK

Alaska Airlines is enhancing its Mileage Plan for 2025 by introducing new perks, faster elite status earning, and expanded options for earning and redeeming miles. Additionally, Alaska Airlines and Hawaiian Airlines are merging, resulting in a single loyalty program.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:21 pm

ATNF

180 Life Sciences Corp. is planning to enter the online gaming industry using its newly acquired gaming technology platform.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:06 pm

AMPS

Altus Power shares rose following the announcement of a strategic alternatives review by its Board of Directors and the reaffirmation of its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:45 am

RIO

Rio Tinto (NYSE:RIO) reported weaker-than-expected Q3 production, missing analysts' estimates. Despite short-term challenges, the company is optimistic about organic growth, with new projects in lithium and iron ore. The $6.7 billion acquisition of Arcadium Lithium is seen as a strategic move, despite a 90% premium. Rio Tinto's shares are slightly down in premarket trading.

Portfolio Pulse from Stjepan Kalinic

October 16, 2024 | 11:08 am

CATX

LNTH

Perspective Therapeutics has announced the first shipment and patient dosing from its new manufacturing facility in Somerset, New Jersey, for its radiopharmaceuticals. This facility, previously operated by Lantheus Holdings, will support clinical studies and meet future demands.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:06 am

SCLX

Scilex Holding Company is exploring strategic options to maximize the value of Scilex Pharma. These options include a spinoff, public listing of Scilex Pharma securities, potential transactions, or dividends.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:04 am

DECA

SCLX

Semnur Pharmaceuticals, a subsidiary of Scilex Holding Company, is in discussions for a potential $2.5 billion acquisition of SP-102, with a business combination with Denali Capital Acquisition Corp. expected by early 2025. Scilex plans to file a Registration Statement with the SEC and may offer a dividend to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:07 am