Streetbeat News

Acquisitions Mergers

FFIE

Faraday Future Intelligent Electric shares rose after the company acquired a 10% stake in Grow Fandor from its founder.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:27 pm

CGC

Canopy Growth Corporation has expanded its U.S. presence by acquiring Wana, a top edibles brand, through its subsidiary Canopy USA. This acquisition, along with a majority stake in Jetty, positions Canopy USA for growth in the U.S. cannabis market. The strategy focuses on brand expansion and leveraging partnerships rather than heavy investment in cultivation.

Portfolio Pulse from Jelena Martinovic

October 09, 2024 | 1:42 pm

WSR

MCB Real Estate has increased its offer to acquire Whitestone REIT to $15.00 per share in cash. MCB emphasizes the certainty of its all-cash proposal and seeks engagement with Whitestone's board. A website has been launched for more information.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:32 pm

IKT

Inhibikase Therapeutics has announced a $110 million private placement to fund a Phase 2b trial for its drug IkT-001Pro in pulmonary arterial hypertension. The investment, led by Soleus Capital, is part of a larger $275 million commitment from healthcare-focused funds. The company is issuing shares and warrants as part of the financing.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:20 pm

EJH

E-Home Household Services Holdings shares rose following the announcement of its plan to merge with and acquire Fuzhou Yunding Mutual Chain Information Technology.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:11 pm

EJH

E-Home Household Services Holdings Limited (NASDAQ:EJH) plans to merge with and acquire Fuzhou Yunding Mutual Chain Information Technology Company Limited to expand its front-end industry chain. Fuzhou Yunding specializes in AI access control systems and smart community services.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:11 pm

ALTM

RIO

Arcadium Lithium (NYSE:ALTM) shares surged over 30% after announcing a definitive agreement to be acquired by Rio Tinto in an all-cash deal valued at $6.7 billion, representing a 90% premium to its previous closing price. The acquisition aims to integrate Arcadium's lithium business into Rio Tinto's portfolio, enhancing its focus on energy transition commodities.

Portfolio Pulse from Adam Eckert

October 09, 2024 | 1:08 pm

GAN

GAN Limited has received approval from the Nevada Gaming Commission for its merger with a subsidiary of SEGA SAMMY CREATION INC. The merger is expected to close in late 2024 or early 2025, subject to additional approvals. Upon completion, GAN will be delisted from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:05 pm

LC

PGY

LendingClub and Pagaya have acquired assets from Tally Technologies. LendingClub aims to enhance its credit management solutions for its 5 million members, while Pagaya will integrate Tally's B2B credit management solution into its offerings for over 30 lending partners. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:01 pm

BCE

FX Innovation, a Bell Canada company, has acquired HGC Technologies to enhance its ServiceNow capabilities, aiming to expand in the U.S. market. This acquisition strengthens FX Innovation's position in digital workflow automation.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:51 pm