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Acquisitions Mergers

BTCUSD

SNAP

Former FTX CEO, Sam Bankman-Fried, had expressed concerns about competition from Binance, raising funds from a Saudi Crown Prince, and buying stocks of Snap Inc., ahead of the crypto exchange's collapse, as revealed in court testimonies by ex-Alameda CEO, Caroline Ellison. Ellison also disclosed her role in preparing seven different balance sheets for Genesis, months before the company's bankruptcy.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 6:34 am

TSLA

Tesla Inc. has sold the wireless charging company, Wiferion, which it had acquired earlier this year. The Germany-based startup, known for its inductive charging technology for industrial robots and electric vehicles, was sold to power electronic supplier, PULS. Tesla retained Wiferion’s engineering team, selling the operations and manufacturing business to PULS. The reason for this decision remains unclear.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 4:54 am

TSLA

Tesla Inc. has sold the wireless charging company, Wiferion, which it had acquired earlier this year. The Germany-based startup, known for its inductive charging technology for industrial robots and electric vehicles, was sold to power electronic supplier, PULS. Tesla retained Wiferion’s engineering team, selling the operations and manufacturing business to PULS. The reason for this decision remains unclear.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 4:54 am

NEM

TSX:NCM

Newmont's shareholders have voted in favor of acquiring Newcrest. The vote of Newcrest's shareholders is scheduled for October 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:41 pm

ATXS

Astria Therapeutics has entered into an exclusive worldwide license agreement with Ichnos Sciences for an OX40 portfolio. Astria will pay Ichnos a one-time upfront license fee of $15M and up to $305M in milestones. Astria plans to submit an IND application for STAR-0310 by the end of 2024 and initiate a Phase 1a clinical trial in Q1 2025, with initial results expected in Q3 2025.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:13 pm

BSQR

Kontron America has agreed to acquire Bsquare for $1.90 per share in an all-cash transaction, representing an implied equity value of $38M. The offer price represents a 62% premium to the trailing 52-week volume weighted average of Bsquare's closing stock prices as of October 10, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:08 pm

FATP

FATPU

Fat Projects Acquisition is planning to extend the deadline to complete a business combination until November 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:47 pm

GTH

Genetron Holdings has entered into a $126M definitive agreement and plan of merger with New Genetron Holding Limited and Genetron New Co. Genetron New Co will merge with the company and become a wholly-owned subsidiary.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:39 pm

AZEK

The AZEK Company Inc. (NYSE:AZEK) has entered into a definitive agreement to sell its Vycom business, a division of its Commercial segment, to Ohio-based Plaskolite, LLC, a global leader in the manufacturing of engineering thermoplastics.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 8:34 pm

ILMN

Illumina (ILMN) has stated that it will only decide whether to integrate or divest part or all of Grail if it wins both pending cases.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 8:11 pm