Streetbeat News

Acquisitions Mergers

CALM

Cal-Maine Foods has agreed to acquire the egg production assets of Fassio Egg Farms. The assets include commercial shell egg production and processing facilities with a capacity of approximately 1.2 million laying hens, primarily cage-free, feed mill, pullets, fertilizer production and composting operation and land located in Erda, Utah.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:40 pm

BWAQ

Blue World Acquisition Corporation (BWAQ) has extended the deadline for its initial business combination from October 2, 2023 to November 2, 2023. An Extension Fee of $60,000 has been deposited into the Company's trust account. The Company issued an unsecured promissory note to Blue World Holdings Limited, the sponsor of the Company, for the deposit of the Extension Fee.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:16 pm

CGC

TRSSF

TerrAscend Corp. (OTCQX:TRSSF) has raised $21 million through two funding rounds and listed on the Toronto Stock Exchange, becoming the first American cannabis multistate operator to trade on the TSX. The company underwent an internal reorganization to reach this milestone, including paying out $30 million of its Michigan debt and Canopy Growth Corp. (NASDAQ:CGC) advertising their $90 million loan to TerrAscend. These moves have allowed TerrAscend to expand its national footprint, including acquisitions in Maryland and potential expansion in New Jersey and Pennsylvania.

Portfolio Pulse from Jelena Martinovic

September 28, 2023 | 8:07 pm

SIRI

Liberty Media has announced a proposed combination with Sirius XM Holdings, leading to a rise in Sirius XM's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:28 pm

VSEC

VSE Corporation has mutually agreed to terminate the sale of its Federal and Defense segment to Bernhard Capital Partners. This has led to a decrease in VSE Corporation's share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:50 pm

SSYS

Stratasys has terminated its merger agreement with Desktop Metal and is exploring strategic alternatives. This has led to an increase in Stratasys' share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:45 pm

CURLF

MSOS

Curaleaf's Executive Chairman, Boris Jordan, has indicated that the company may resume M&A activities if they feel they can get paid for what they do. The statement was made during the Cannabis Capital Conference.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:34 pm

ACN

ASTI

BCLI

BNOX

BXRX

CHS

RNLX

U.S. stocks traded higher with the Dow Jones gaining over 100 points and the NASDAQ rising 0.95%. Accenture's shares fell more than 4% after reporting mixed Q4 results and weak FY24 adjusted EPS guidance. Bionomics, Baudax Bio, and Chico's FAS saw their shares rise significantly due to positive trial results, FDA designation, and acquisition news respectively. Ascent Solar Technologies, Brainstorm Cell Therapeutics, and Renalytix saw their shares drop due to public offering pricing, negative FDA Advisory Committee vote, and weak sales and guidance respectively.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 6:30 pm

UBS

UBS Group AG is nearing a settlement with the Mozambique government over Credit Suisse's role in a ship-financing scandal. The case is part of the legal troubles UBS inherited from its rescue of Credit Suisse. The settlement would avoid a 13-week long London trial. The case alleges that Credit Suisse ignored red flags and corruption in deals intended to fund a new coastal patrol force and tuna fishing fleet in Mozambique. The trial will still proceed with Privinvest, the shipbuilder, as a defendant.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:26 pm

AGCO

TRMB

Trimble Ag and AGCO have announced a joint venture where AGCO will acquire an 85% interest in Trimble's portfolio of Ag assets and technologies for $2 billion. This has led to a rise in Trimble Ag shares.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 5:44 pm