Streetbeat News

Acquisitions Mergers

BWMN

Bowman Consulting Group Ltd. has acquired High Mesa Consulting Group, a company with a focus on the public sector. This acquisition is expected to strengthen Bowman's presence in the public sector by leveraging High Mesa's expertise and client relationships.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:33 pm

KNTE

Foresite Capital Fund has disclosed in an amended 13D filing that it is considering the acquisition of all outstanding shares of Kinnate Biopharma Inc. (KNTE).

Portfolio Pulse from Charles Gross

November 15, 2023 | 12:16 pm

ALKS

Alkermes has finalized the spin-off of its oncology business, which has led to updated financial projections for 2023. The company now expects different revenue and expense figures due to the separation of this business segment.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:12 pm

GT

Goodyear Tire & Rubber Company has unveiled its 'Goodyear Forward' transformation plan, which includes exploring strategic alternatives for its chemical business, the Dunlop brand, and the off-the-road equipment tire business. This move is aimed at optimizing the company's portfolio and focusing on core operations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:07 pm

GRPH

LENZ Therapeutics and Graphite Bio have entered into a definitive merger agreement to combine in an all-stock transaction. The merged entity will trade on Nasdaq under the ticker 'LENZ'. The combined company is anticipated to have around $225 million in cash or cash equivalents, including proceeds from concurrent PIPE financing.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:04 pm

AAP

Advance Auto Parts is reportedly initiating sale processes for its Worldpac and Canadian business units. This strategic move could indicate a focus on core operations and a potential influx of capital from the sales.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:51 am

MANU

Sky News Reporter Mark Kleinman has indicated that Richard Arnold's imminent departure as Manchester United's CEO signals the likely arrival of Sir Jim Ratcliffe as a new investor in the club.

Portfolio Pulse from Charles Gross

November 15, 2023 | 11:27 am

ACLX

GILD

Kite, a subsidiary of Gilead Sciences, and Arcellx have broadened their collaboration on CART-ddBCMA, initially announced in December 2022, to now include lymphomas. Arcellx will receive a $200M equity investment and an $85M upfront cash payment from Kite.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:03 am

AMZN

GOOGL

MSFT

Amazon Web Services (AWS), Google, and Microsoft are set to invest a combined total of $8.5 billion in Thailand's digital infrastructure. Each company will contribute approximately 100 billion baht ($8.46 billion) to enhance the nation's digital economy. This follows Thailand's efforts to attract foreign investment, including the approval of 41 billion baht in various sectors by the Thailand Board of Investment in October 2023.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 8:56 am

AZN

CLLS

Cellectis, a biopharmaceutical company, has executed a subsequent equity investment agreement with AstraZeneca, involving a $140 million investment. This agreement follows a prior collaboration between the two companies.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:26 am