Streetbeat News

Acquisitions Mergers

RDY

Dr. Reddy's Laboratories has acquired MenoLabs, a company focused on women's health and dietary supplements. This acquisition expands Dr. Reddy's portfolio in the women's health space, potentially increasing its market share and revenue in this segment.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 11:02 am

SASI

Sigma Additive Solutions (SASI) has announced the approval of a stock issuance in exchange for all the capital stock of NextTrip Holdings, as per their 8-K filing on Tuesday.

Portfolio Pulse from Charles Gross

January 03, 2024 | 10:43 am

COOL

Noventiq, a company specializing in digital transformation and cybersecurity services, has filed Form F-4 with Corner Growth Acquisition Corp. in preparation for a proposed listing on the Nasdaq stock exchange. This move is a significant step towards Noventiq's entrance into the public market, potentially offering investors a new opportunity in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:11 am

COIN

EXAS

HOOD

RKLB

ROKU

RXRX

SSYS

Ark Invest, led by Cathie Wood, purchased $16.9 million worth of Roku Inc (ROKU) shares, despite recent analyst skepticism about the company's revenue growth and market competition. The shares were bought across multiple Ark ETFs, including ARKF, ARKK, and ARKW. Additionally, Ark sold shares of Coinbase (COIN), Robinhood (HOOD), Exact Sciences (EXAS), and Stratasys (SSYS), while buying shares of Recursion Pharmaceuticals (RXRX) and Rocket Lab USA (RKLB).

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 2:54 am

CHS

PDCO

Patterson Companies (PDCO) is set to join the S&P SmallCap 600, replacing Chico's FAS (CHS), effective prior to the market opening on January 5. This change is due to Sycamore Partners acquiring Chico's FAS, with the transaction expected to be completed around that date, subject to final conditions.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 10:24 pm

WULF

TeraWulf Inc. subsidiary TeraLease has amended its purchase agreement with Bitmain Technologies Delaware Limited to include an additional 18,500 S19j XP Miners. This amendment builds on the initial agreement from July 14, 2023, and could potentially impact TeraWulf's mining capabilities and future revenue.

Portfolio Pulse from Charles Gross

January 02, 2024 | 10:14 pm

DOOR

PGTI

PGT Innovations, Inc. (NYSE:PGTI) stock trading was halted before the company announced it received an unsolicited acquisition proposal from Miter Brands for $41.50 per share in cash. This comes after PGTI entered into an agreement to be acquired by Masonite International Corp. (NYSE:DOOR) for $41.00 per share in cash and stock. PGTI shares were down 1.12% at $40.24 before the trading halt.

Portfolio Pulse from Ryan Gustafson

January 02, 2024 | 10:14 pm

BHG

MOH

Bright Health Group has completed the sale of its California Medicare Advantage business to Molina Healthcare. This move is part of Bright Health's strategic shift to focus on its core markets and products. The company also reaffirmed its expectation to achieve adjusted EBITDA profitability by 2024.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 9:36 pm

MOD

Modine Manufacturing Company has acquired the intellectual property and certain assets of TMG Core, adding single- and two-phase immersion cooling technologies to its portfolio. This acquisition enhances Modine's capabilities as a cooling solutions provider amid increasing data center heat loads. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 9:19 pm

TANH

Tantech Holdings' subsidiary, Lishui Xincai Industrial, has agreed to sell all shares of its unit, Lishui Jikang Energy Technology, to Lishui Chida Logistics for RMB 5 million.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 9:19 pm