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Acquisitions Mergers

ENB

PBA

Enbridge Inc. has agreed to sell its 50% stake in the Alliance Pipeline to Pembina Pipeline Corporation for $3.1 billion. The transaction will impact both companies' financials and strategic positions.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:39 pm

ENB

PBA

Pembina Pipeline Corp. has entered into an agreement to acquire all of Enbridge Inc.'s interests in the Alliance Pipeline, Aux Sable, and NRGreen joint ventures for C$3.1 billion. This strategic acquisition will enhance Pembina's asset base and is expected to contribute to the company's earnings.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:35 pm

CERT

Certara, a global leader in biosimulation, has acquired Applied BioMath, a company specializing in mechanistic modeling for biotechnology and pharmaceutical companies. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:32 pm

JBT

JBT Corporation has submitted an enhanced proposal to acquire Marel hf, offering €3.40 per share. This move indicates JBT's strategic interest in expanding its portfolio and presence in the food processing and packaging sector, where Marel is a significant player. The acquisition would potentially create synergies and expand JBT's market reach.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:22 pm

ADBE

Adobe has expressed strong disagreement with the European Commission's (EC) preliminary statement of objections and the UK's Competition and Markets Authority (CMA) competition concerns regarding its proposed acquisition of Figma.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:14 pm

NXU

Nxu has signed a letter of intent to invest in Lynx Motors through a share exchange deal. The agreement involves an exchange of $3M worth of Nxu shares for an equivalent value in Lynx shares.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:11 pm

NVTA

Invitae Corporation has sold the assets of Ciitizen and announced strategic cost-cutting measures, including workforce reductions and other operating expense reductions. These initiatives, along with the Ciitizen transaction, are expected to yield annualized cash savings of around $90-100 million, not accounting for one-time severance payments.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:10 pm

CDXS

Codexis has entered into an agreement granting Aldevron a global exclusive license to its Codex HiCap RNA Polymerase. Aldevron gains manufacturing and commercialization rights, while Codexis will receive payments for technical and commercial milestones, as well as sales-based royalties. Both companies will collaborate to ensure a smooth transition for customers.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:08 pm

BLBX

Blackboxstocks Inc. (NASDAQ:BLBX) shares dropped after announcing an agreement to acquire Evtec Aluminium Limited. The deal is set to close in Q1 2024, with Blackbox also planning to acquire 87% of Evtec Automotive. Post-merger, Blackbox stockholders will retain 26.7% of the combined company's shares. The stock saw high volume trading, with shares down 24.7% at $2.90.

Portfolio Pulse from Ryan Gustafson

December 13, 2023 | 8:53 pm

SNY

The Federal Trade Commission (FTC) has decided to dismiss its case against the proposed transaction between Sanofi and Maze Therapeutics after Sanofi chose to terminate the deal. The FTC had been challenging the transaction, but with Sanofi's decision to pull out, the case is no longer active.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:42 pm