Streetbeat News

Acquisitions Mergers

ALB

ALTM

GM

RIO

SQM

TSLA

Rio Tinto is in preliminary talks to acquire Arcadium Lithium, potentially making it one of the largest lithium producers globally. The acquisition could involve a significant premium, as Arcadium's market value has dropped due to a lithium market slump. Arcadium's shares surged on the news.

Portfolio Pulse from Stjepan Kalinic

October 07, 2024 | 11:16 am

BRKR

Bruker BioSpin Group has acquired the EPR business of Bridge12, enhancing its EPR spectroscopy offerings. The acquisition includes advanced technology for pulsed spectroscopy and high-field EPR spectrometers. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 11:11 am

DWTX

VIRI

Virios Therapeutics (NASDAQ:VIRI) and Wex Pharmaceuticals have merged to form Dogwood Therapeutics (NASDAQ:DWTX), focusing on neuropathic pain and Long-COVID treatments. The merger involves a reverse stock split and a $19.5 million financing. Dogwood will focus on developing Halneuron®, IMC-1, and IMC-2, with key milestones expected in the coming years.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 11:09 am

VLTO

Veralto Corporation has acquired TraceGains for $350 million to enhance its product quality solutions. This acquisition is expected to create synergies with Veralto's existing digital workflow solutions, potentially accelerating growth and improving efficiency.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 11:05 am

REGN

Regeneron anticipates a $56 million pre-tax charge in Q3 financial results due to acquired in-process research and development.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 11:04 am

NAPA

Duckhorn Portfolio (NYSE:NAPA) is set to be acquired by Butterfly Equity in a $1.95 billion all-cash deal, offering a 65.3% premium to its recent average share price. The acquisition will result in Duckhorn becoming a private company, with its stock ceasing to trade on the NYSE.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 11:03 am

GNK

Genco Shipping & Trading Limited (NYSE:GNK) is expanding its drybulk fleet by acquiring a 2016-built Capesize vessel for $47.5 million. The acquisition will be funded with cash on hand and a revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:57 am

APO

B

Barnes Group has agreed to be acquired by Apollo Funds for $3.6 billion. Shareholders of Barnes will receive $47.50 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:46 am

DRCR

SGN

Signing Day Sports (NYSE:SGN) is advancing its acquisition of Swifty Global (OTC:DRCR), focusing on growth and new revenue streams. The companies are working on a strategic roadmap to enhance shareholder value, improve operational efficiency, and explore global expansion. Swifty is providing a $150,000 promissory note to support the acquisition.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:32 am

EQNR

Equinor ASA has acquired a 9.8% stake in Ørsted A/S for $2.5 billion, becoming the second largest shareholder. This strategic investment aligns with Equinor's renewable growth strategy, particularly in offshore wind, despite current industry challenges.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:08 am