Streetbeat News

Acquisitions Mergers

ACN

Accenture (NYSE:ACN) has acquired ON Service GROUP, a provider of business process services for insurance operations. The acquisition will enhance Accenture's capabilities in insurance operations and expand its services in Germany. The terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:10 am

PPG

PPG Industries has sold its Traffic Solutions operations in Australia and New Zealand to Geveko Markings. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:58 am

TALS

Talaris Therapeutics has announced that its stockholders have approved the merger with Tourmaline Bio. The merger is expected to be completed soon.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:49 pm

CIR

KKR

VICR

Vicor Corporation will be joining the S&P SmallCap 600, replacing CIRCOR International, which is being acquired by KKR & Co. Inc. The transaction is expected to close on October 18.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:20 pm

LSDI

Lucy Scientific Discovery Inc. (NASDAQ:LSDI) reported its full-year results for the period ended June 30, 2023, showing an increase in operating expenses and a rise in accumulated deficit to over $44M. The company also reported net product sales of $7,048, primarily from sales of its new microdose mushroom capsules. Despite new M&As and partnerships, the company's deficit increased during the yearly period.

Portfolio Pulse from Lara Goldstein

October 17, 2023 | 9:19 pm

SJM

THS

J.M. Smucker Co. has agreed to sell its fermented food condiment brands in Canada to TreeHouse Foods in an all-cash transaction valued at approximately $20 million.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:52 pm

BNIX

Bannix Acquisition has announced an extension to complete its initial business combination until November 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:45 pm

AEL

American Equity Investment Life Holding Company (AEL) announced Q3 2023 sales of $2.2 billion, primarily from fixed index annuities. This represents an 18% increase from Q2 2023 and a 203% increase from Q3 2022. AEL also announced the release date of its Q3 2023 earnings results as November 7, 2023. Due to its pending merger with Brookfield Reinsurance, AEL will not hold an earnings conference call.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:22 pm

VMW

VMware shares are trading lower due to speculation of uncertainty regarding Chinese approval for the company's proposed deal with Broadcom.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:46 pm

ASMB

BAC

EVLO

GLUE

NTCT

OLK

SPRC

Bank of America Corp reported better-than-expected earnings for its third quarter, with EPS of $0.90, compared to $0.81 in the year-ago period, beating the consensus of $0.81. Revenue increased 3% year-over-year to $25.32 billion, beating the consensus of $25.14 billion. SciSparc Ltd. shares shot up 122% after Aegis Capital Corp. acted as exclusive placement agent on a $5.0 million private placement for SciSparc. Shares of Assembly Biosciences, Inc. got a boost after the company and Gilead announced a 12-year partnership. Olink Holding AB shares were also up after Thermo Fisher Scientific announced it will acquire the company. Evelo Biosciences, Inc. shares dropped 56% after releasing top-line results from its Phase 2 clinical study. Shares of NetScout Systems, Inc. were down after the company reported weak preliminary results for the second quarter and lowered its FY24 guidance. Monte Rosa Therapeutics, Inc. was down after announcing interim data from the Phase 1 dose escalation part of its ongoing phase 1/2 study.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 6:31 pm