Streetbeat News

Acquisitions Mergers

GB

Global Blue has announced a strategic equity investment of $100 million from Tencent. The investment was made at a price of $5.50 per share.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:43 am

GB

Global Blue Group has entered into a share purchase agreement with Tencent Mobility and other parties. Tencent Mobility has agreed to purchase 9.1 million shares of Global Blue Group for $50 million, as disclosed in an 8-K filing.

Portfolio Pulse from Charles Gross

November 16, 2023 | 11:14 am

TPR

Tapestry has announced the start of an underwritten public offering of Euro-denominated senior unsecured notes. The proceeds will be used in conjunction with new term loans, additional debt financing, cash on hand, and anticipated future cash flow, including cash from Capri Holdings Limited, to fund a portion of the acquisition costs of Capri Holdings and related expenses.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:33 am

ACN

Accenture has announced its intention to acquire Solnet, a move aimed at expanding its Cloud First capabilities in Aotearoa New Zealand. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 7:21 am

BLK

U.S. Presidential candidate Vivek Ramaswamy criticized BlackRock's Bitcoin ETF application, calling the investment firm 'a tentacle of the government.' He expressed support for cryptocurrencies and plans to be a pro-crypto president. Ramaswamy sees Bitcoin as an alternative to the Federal Reserve system and views the government as threatened by its popularity. He also criticized regulatory bodies like the SEC, calling them a 'cancer' and 'unconstitutional.' BTC price was up 5.33% at the time of reporting.

Portfolio Pulse from Mehab Qureshi

November 16, 2023 | 6:27 am

GBTC

Cathie Wood, CEO of ARK Invest, predicts that the approval of a U.S. Bitcoin ETF could challenge the Grayscale Bitcoin Trust's (GBTC) market position. ARK Invest, in partnership with 21 Shares, is awaiting SEC approval to launch a Bitcoin ETF. Wood believes this could introduce more liquid investment options and attract new investors, but also warns of potential profit-taking post-launch. ARK Invest has recently sold $6 million worth of GBTC shares, which Wood attributes to routine profit-taking.

Portfolio Pulse from Benzinga Neuro

November 16, 2023 | 3:17 am

QDEL

Bloomberg reported that QuidelOrtho is considering the sale of its transfusion medicine unit. The company is exploring options that could include a sale or spinoff of the business. The transfusion medicine unit is part of QuidelOrtho's broader diagnostics business, and the potential sale is part of a strategic review to streamline operations and focus on core areas.

Portfolio Pulse from Charles Gross

November 15, 2023 | 10:43 pm

CF

CF Industries has announced the expiration of the HSR Act waiting period for its acquisition of the Waggaman ammonia production facility. This step is a significant milestone in the regulatory process, indicating that the acquisition can proceed without further antitrust scrutiny from U.S. regulators. The completion of this phase may positively influence investor sentiment as it clears a major hurdle in the acquisition process.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:44 pm

NVTA

Aranscia has acquired select assets of the YouScript Personalized Medication Management Platform from Invitae Corporation in an all-cash transaction. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:39 pm

NVTA

Aranscia has acquired YouScript, a precision dosing analytics platform, from Invitae Corporation (NVTA). This acquisition could potentially enhance Aranscia's capabilities in providing personalized medication management.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:37 pm