Streetbeat News

Acquisitions Mergers

DEA

Easterly Government Properties has acquired a 97,969 square foot Department of Homeland Security facility in Atlanta, Georgia. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:13 pm

MXL

SIMO

Silicon Motion Technology Corporation (SIMO) has filed an arbitration claim against MaxLinear, Inc. (MXL) for breaching its agreement to acquire the company. The claim was filed in the Singapore International Arbitration Centre and seeks payment of the termination fee of $160 million, further substantial damages, interest and costs.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:09 pm

DEA

Easterly Government Properties, Inc. (NYSE:DEA) has acquired a 95,273 square foot Class A workers' compensation adjudication and training facility in Anaheim, California. The facility is fully leased by agencies of the State of California. This acquisition is part of Easterly's year-to-date acquisitions totaling approximately $47.5 million, including wholly owned and JV acquisitions. With this acquisition, Easterly now owns 88 properties totaling 8.7 million square feet.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:08 pm

MSGM

The exclusive simulation-style NASCAR video game license has been sold to iRacing. Motorsport Games will continue to support current NASCAR titles for the remainder of 2023 and throughout 2024. The transaction amount was not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:06 pm

EUDA

EUDA Health Holdings Limited (NASDAQ:EUDA), a Singapore-based digital health platform, has signed a letter of intent for a proposed merger with TheoremRx Inc., a private U.S.-based company focused on the development of new treatments for cancer and women's health conditions. The merger aims to bolster EUDA's market position and create significant value for shareholders. The completion of the merger is subject to various conditions, including regulatory approvals and the satisfaction of customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:05 pm

PLBY

PLBY Group, Inc. (NASDAQ:PLBY) has announced that its subsidiary, Playboy Enterprises, Inc., will sell its Lovers business to LV Holding, LLC for approximately $13.5 million. The sale is expected to close in Q4 2023. This move is part of PLBY Group's strategy towards a more capital-light business model focusing on its Playboy brand.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:02 pm

AJG

Arthur J. Gallagher & Co. has acquired The Coverage Pro. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:01 pm

SP

Metropolis Technologies has announced its plan to acquire SP Plus for $1.5 billion, leading to a rise in SP Plus shares.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:54 pm

BB

BlackBerry Ltd (NYSE:BB) announced plans to separate its IoT and Cybersecurity businesses, with an IPO for the IoT business planned for the first half of the next fiscal year. The separation is expected to improve operational agility and focus on delivering solutions to customers. BlackBerry's Q2 financial results showed IoT revenue of $49 million and cybersecurity revenue of $79 million. The stock is covered by four analyst firms, with one Buy rating and three Neutral ratings.

Portfolio Pulse from Adam Eckert

October 05, 2023 | 12:53 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) CEO Greg Siokas has issued a letter to shareholders outlining the company's strategic plans and financial outlook. The company has introduced its 2026 guidance, expecting to achieve over $180M in gross annual revenue and EBITDA in excess of $20M. The company has completed three acquisitions in 2023 and is making progress in R&D. The company is also considering spinning off its R&D division into a standalone, publicly listed biotech company. The CEO has invested more than $15M since inception, including almost $1M YTD.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:43 pm