Streetbeat News

Acquisitions Mergers

BRGC

BUKS

BYRN

Insiders at Byrna Technologies, BrightRock Gold Corp, and Butler National Corporation have recently purchased shares in their respective companies. Byrna Technologies' CFO acquired 1,200 shares at an average price of $4.00, following a Q3 loss. BrightRock Gold's Chairman/CEO bought 32,000 shares at an average price of $0.54, as the company's stock jumped 72% over the past six months. Butler National's 10% owner and Vice President bought a total of 70,000 shares at an average price of $0.64, after the company disclosed the acquisition of KC Machine.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 10:43 am

CRNT

Ceragon Networks has entered into a definitive agreement to acquire Siklu, a provider of multi-Gigabit wireless fiber connectivity, for an enterprise value of $13-15M. Ceragon will issue approximately 1.5 million ordinary shares to Siklu's shareholders and is expected to assume financial liabilities of approximately $10-12 million. The transaction is anticipated to be accretive to non-GAAP earnings by the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 10:11 am

CVX

GM

GOOGL

HES

MSFT

The CNN Money Fear and Greed index showed some easing in the overall fear level but remained in the 'Fear' zone on Monday. The Nasdaq Composite settled higher on Monday ahead of earnings reports from Alphabet Inc., Microsoft Corporation, and General Motors Company. Chevron Corporation shares fell 3.7% after the company disclosed a deal to acquire Hess Corporation for $53 billion. The Dow Jones and the S&P 500 closed lower.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 8:26 am

HWEL

Healthwell Acquisition has postponed the special meeting of the company's stockholders to approve its proposed business combination with Starton Therapeutics. The meeting was originally scheduled for October 25, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 6:54 am

GAIN

Gladstone Investment has announced the sale of its portfolio company, Counsel Press Holdings, to Align Capital Partners. The terms of the deal were not disclosed. However, Gladstone Investment realized a significant capital gain on its equity investment, which it had made in 2015.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 9:14 pm

SMAR

Smartsheet (SMAR) has made an investment in an Australia-based data hosting company. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 9:12 pm

CPB

SOVO

Campbell Soup Company (NYSE:CPB) has received a second request for additional information from the Federal Trade Commission (FTC) regarding its proposed acquisition of Sovos Brands, Inc. (NASDAQ:SOVO). This is part of the FTC's review under the Hart-Scott-Rodino Antitrust Improvement Act. The company now expects to complete the transaction in the next calendar year, aiming for mid-2024.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:37 pm

IFF

International Flavors & Fragrances Inc. (IFF) is reportedly considering a sale of its pharma solutions business, which could potentially fetch more than $3.5 billion. The company is working with an adviser to explore this possibility. The business is expected to attract interest from peers in the space and private equity firms.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:34 pm

AMPX

Amprius Technologies, Combine Merger Sub, Inc., Combine Merger Sub, LLC and Amprius, Inc have mutually agreed to terminate their Merger Agreement effective immediately. As a result, the special meeting of the stockholders of the Company, which was to be held on October 24, 2023 for the purpose of voting on the Merger Agreement, will not take place.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:26 pm

XTNT

Xtant Medical Holdings, Inc. (NYSE:XTNT) has acquired the nanOss production operations from RTI Surgical, Inc. The purchase includes certain assets, equipment, inventory, and the lease for the nanOss production facility. The deal was worth $2 million in cash plus contingent payments based on future sales of next generation nanOss products. This acquisition expands Xtant's manufacturing capabilities and capacity, and is expected to drive growth.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 8:12 pm