Streetbeat News

Acquisitions Mergers

HWKN

Hawkins Inc. is set to acquire Water Solutions Unlimited and Miami Products, adding six water treatment locations to its portfolio. The combined revenue of the acquisitions is approximately $1 billion. Hawkins expects these acquisitions to add $10 million in earnings before interests.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:09 pm

AVGO

VMW

Broadcom Inc (NASDAQ:AVGO) and VMware Inc (NYSE:VMW) announced that their previously announced transaction is expected to close soon. The companies also revealed the results of the elections regarding the form of consideration for VMware shareholders. Approximately 52.1% of VMware stock will be converted for Broadcom stock and approximately 47.9% will be converted into cash. Broadcom is expected to report quarterly results near the end of November.

Portfolio Pulse from Adam Eckert

October 30, 2023 | 1:01 pm

EAR

Eargo, a hearing aid manufacturer, has announced that it will be taken private by Patient Square Capital. This has resulted in a surge in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:45 pm

BKYI

BPTS

CHRS

MDNA

MIRO

NVVE

UTHR

VXRT

WTER

Several stocks are experiencing significant pre-market movements. United Therapeutics Corporation has agreed to acquire Miromatrix Medical for $3.25 per share, causing Miromatrix's shares to jump 232%. Coherus BioSciences and Junshi Biosciences have received FDA approval for LOQTORZI, leading to a 16.2% rise in Coherus' shares. Biophytis S.A. has signed a partnership agreement with Innovation Solutions Pharma, causing its shares to rise 12.7%. On the other hand, Biophytis, The Alkaline Water Company, Medicenna Therapeutics, Nuvve Holding, and Vaxart are among the companies whose shares have fallen in pre-market trading.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:44 pm

GSM

Ferroglobe PLC (NASDAQ:GSM) has acquired a high-purity quartz mine in South Carolina, U.S. for approximately $11 million in cash, with an additional $4 million expected in capital expenditures for infrastructure development. The mine is expected to produce more than 300kt of high-purity quartz per year, with over ten years of reserve life. The acquisition is part of Ferroglobe's strategy to be self-sufficient in quartz supply, a critical raw material in the production of silicon metal.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:40 pm

SRC

Realty Income has agreed to acquire Spirit Realty Capital in a $9.3 billion all-stock transaction. This has led to an increase in Spirit Realty Capital's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:39 pm

BSQR

ESMT

PCTI

SPLK

The article lists four tech stocks that are considered overbought and may collapse in October. These include EngageSmart (ESMT), Splunk (SPLK), BSQUARE (BSQR), and PCTEL (PCTI). All four companies are in the process of being acquired by other firms.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:35 pm

ETR

Entergy Corporation (ETR) has announced an agreement to sell its gas distribution business to Bernhard Capital Partners for approximately $484 million in cash.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:24 pm

LVO

ROCL

Roth CH Acquisition V Co. (ROCL) and Slacker, Inc., a subsidiary of LiveOne (LVO), have mutually agreed to terminate discussions regarding a potential acquisition of Slacker by ROCL. As a result, ROCL is now exploring opportunities with other potential merger candidates.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:21 pm

BLUE

Bluebird Bio has agreed to sell a potential Rare Pediatric Disease Priority Review Voucher (PRV) for $103 million, contingent on FDA approval of the biologics license application for Lovotibeglogene Autotemcel (Lovo-cel) for Sickle Cell Disease.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:19 pm