Streetbeat News

Acquisitions Mergers

IVA

LBPH

MTEM

TVGN

VEV

XPON

Longboard Pharmaceuticals shares surged 46.8% in pre-market trading after Lundbeck agreed to acquire the company for approximately $2.6 billion. Other notable pre-market movers include Inventiva, Tevogen Bio, and Expion360, which saw significant gains, while Molecular Templates and Vicinity Motor experienced sharp declines.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 11:04 am

DSGX

Descartes Systems Group has acquired Sellercloud for $110 million, with an additional $20 million possible based on performance targets. The acquisition is funded by cash on hand.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 11:02 am

LBPH

Lundbeck has agreed to acquire Longboard Pharmaceuticals for approximately $2.6 billion in equity value. The deal offers Longboard shareholders $60 per share, a 77% premium over the 30-day VWAP as of September 30, 2024. The transaction is expected to close in Q4 2024, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 10:32 am

LBPH

H. Lundbeck has agreed to acquire Longboard Pharmaceuticals for $60 per share in cash, valuing the transaction at approximately $2.6 billion in equity value and $2.5 billion on a fully diluted basis.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 10:31 am

BYNO

byNordic Acquisition has extended the deadline to complete its business combination from October 12, 2024, to November 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:38 am

IVA

Inventiva has raised up to €348 million to fund its Phase 3 NATiV3 clinical trial for MASH, with €94.1 million already secured. The funds will advance the trial of lanifibranor in over 1,100 patients. Additionally, new board appointments have been announced.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:19 am

FCPT

Four Corners Property Trust (FCPT) has acquired a Tires Plus property in Georgia for $2.1 million. The property is under a long-term triple net lease, which is a favorable arrangement for FCPT as it ensures steady rental income with minimal management responsibilities.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 8:10 pm

ANIP

MNKTQ

ANI Pharmaceuticals is shifting its focus from generics to high-margin brand assets, particularly in rare diseases, with Cortrophin Gel as a key product. Piper Sandler initiated coverage with an Overweight rating and a $68 price target. ANI's acquisition of Alimera Sciences enhances its market reach.

Portfolio Pulse from Vandana Singh

October 11, 2024 | 5:40 pm

HON

Odyssey Investment Partners is in advanced talks to acquire Honeywell International Inc.'s personal protective equipment unit, according to Bloomberg News.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:26 pm

AGBA

AGBA Group Holding Limited (NASDAQ:AGBA) shares rose after announcing the finalization of steps towards a merger with Triller Corp, expected on Oct. 14, pending Nasdaq approval. This includes a 4-to-1 reverse stock split, with shares trading under the new symbol ILLR from Oct. 15, 2024.

Portfolio Pulse from Erica Kollmann

October 11, 2024 | 3:01 pm