Streetbeat News

Acquisitions Mergers

BRKR

Bruker Corporation has announced a majority investment in MIRO Analytical AG, a company known for its innovation in compact, high-precision QCL-based multi-gas analyzers. The financial details of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:01 am

ETON

Eton Pharmaceuticals has announced the acquisition of an FDA-approved ultra-rare disease product, Nitisinone, used for the treatment of hereditary tyrosinemia type 1 (HT-1). The disease affects less than 500 patients in the United States.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:52 am

BLK

XOM

Exxon Mobil Corp (XOM) has reportedly identified BlackRock Inc (BLK) as the potential buyer for its 70.68% share in Italy's leading liquefied natural gas (LNG) import terminal, the Adriatic LNG Terminal. The decision aligns with Exxon's strategy to shed non-core assets. The terminal is estimated to be worth €800 million ($881 million). The transaction is yet to be finalized.

Portfolio Pulse from Shivani Kumaresan

October 04, 2023 | 10:24 am

VWAGY

Volkswagen AG has hired former Tesla, Rivian, and Google executive, Sanjay Lal, to address software issues in its electric vehicle (EV) sector. The company's Cariad software unit has been underperforming, causing delays in the launch of Porsche and Audi electric models. Lal will head a new software design hub for future EVs under the Cariad division. The move is seen as crucial for Volkswagen's ability to compete with industry leaders like Tesla and Rivian.

Portfolio Pulse from Benzinga Neuro

October 04, 2023 | 9:57 am

HMC

Yachiyo Industry has issued a notice expressing its support for the tender offer by its controlling shareholder, Honda Motor. The company has recommended its shareholders to tender their shares.

Portfolio Pulse from Charles Gross

October 04, 2023 | 9:57 am

BROG

Dubai-based Gulf Navigation Holdings PJSC has submitted a proposal to acquire all businesses and assets of Brooge Energy. This has led to a rise in Brooge Energy's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 9:49 am

AQU

Bestpath IoT Technology has deposited $210K into Aquaron Acquisition's trust account to extend the deadline for completing a business combination.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 5:15 am

HT

Hersha Hospitality Trust has set November 8, 2023, as the date for a special meeting to approve its acquisition by KSL Capital Partners.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 9:43 pm

TDY

Teledyne Technologies Incorporated (TDY) has entered into an agreement to acquire Xena Networks ApS, a Denmark-based provider of high-speed Terabit Ethernet validation, quality assurance, and production test solutions. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 9:16 pm

BROG

Brooge Energy announced that GULFNAV has submitted a proposal to acquire all of its businesses and assets, leading to a rise in Brooge Energy's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:36 pm