Streetbeat News

Acquisitions Mergers

NAT

Nordic American Tankers (NAT) has announced a deal to purchase a Suezmax tanker, which will increase its fleet to 20 ships.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 9:29 am

CSGP

CoStar Group has proposed to acquire OnTheMarket for £1.10 per share in cash, which is approximately £100M in total.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:30 am

EFX

Equifax has revised its guidance downwards due to the impact of a weaker than expected U.S. mortgage market and foreign exchange. This is partially offset by the acquisition of Boa Vista Serviços.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:19 pm

TENKU

TenX Keane Acquisition (NASDAQ:TENKU) has extended the deadline for its initial business combination from October 18, 2023, to January 18, 2024. To facilitate this, the company has deposited $660,000 into its trust account, representing $0.10 per public share. The payment was made by 10XYZ Holdings LP, the company's sponsor.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 8:03 pm

COIN

Coinbase Global Inc. (NASDAQ:COIN) has chosen Germany as its base for European expansion, as part of its 'Go Broad, Go Deep' international market strategy. The move is part of the company's Phase II of its international strategy. Germany will serve as the regional talent hub for Coinbase's infiltration of markets across the European Union. The decision was influenced by the increasing migration of Web3 firms from the U.S. to Europe, and the fact that Germany is Coinbase's second-largest international market.

Portfolio Pulse from Khyathi Dalal

October 18, 2023 | 7:23 pm

LLY

Mablink Bioscience has entered an agreement to be acquired by Eli Lilly. The acquisition is subject to approval from the French Ministry of the Economy. The deal reflects the potential of Mablink's existing pipeline and proprietary PSARLink™ technology for the development of additional drug conjugates.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:58 pm

UBS

VFS

Credit Suisse AG is under investigation by Singapore authorities for money laundering, following its acquisition by UBS Group AG. The probe has so far seized around $2 billion in assets and raises questions about the bank's potential status as a safe-haven for dirty money. This comes at a time when UBS and Credit Suisse are also under investigation by the Department of Justice over evasion of Russian sanctions. The news poses a risk to the bank's global relationships and comes after the loss of six high-ranking executives from Credit Suisse.

Portfolio Pulse from Daniel Harrison

October 18, 2023 | 6:51 pm

CYBN

DMTTF

Small Pharma Inc. (OTCQB:DMTTF) has received final approval from the Supreme Court of British Columbia for its acquisition by Cybin Inc. (NYSE:CYBN) in an all-share transaction. The deal is expected to close on or about October 23, 2023. After the completion, Small Pharma's shares will be delisted from the TSXV and OTCQB Venture Market.

Portfolio Pulse from Lara Goldstein

October 18, 2023 | 6:33 pm

AAPL

AMZN

DIS

WBD

The NBA is negotiating media-rights deals to fund its players' salaries. Current partners Disney (NYSE:DIS) and Warner Bros. Discovery (NASDAQ:WBD) are hesitant about spending hikes due to financial pressures. This opens the door for Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) to acquire a substantial portion of NBA games. The NBA might also reclaim media rights in 15 markets due to Diamond Sports' potential bankruptcy.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 5:36 pm

VEXTF

Vext Science, Inc. (OTCQX:VEXTF) has agreed to sell its cannabis cultivation facility in Arizona to Elevate Cannabis Co. for $6.5 million. The proceeds will be used to repay part of Vext's outstanding credit facilities and for future acquisitions. The company also plans to acquire two cannabis dispensaries in Ohio for $9.4 million, pending regulatory review. To support its expansion, Vext Science raised $10 million through a private placement of common shares earlier this month.

Portfolio Pulse from Jelena Martinovic

October 18, 2023 | 5:13 pm