Streetbeat News

Acquisitions Mergers

ANZU

Anzu Special Acquisition Corp I (ANZU) announced that its stockholders have approved the Business Combination Agreement with Envoy Medical Corporation. Over 99% of the votes were in favor of the agreement. The company will be renamed as Envoy Medical, Inc. after the merger, and its Class A Common Stock and warrants are expected to start trading on the Nasdaq under the symbols 'COCH' and 'COCHW'. The Business Combination is expected to be completed on September 29, 2023.

Portfolio Pulse from Happy Mohamed

September 27, 2023 | 8:22 pm

MSOS

Aaron Miles of Verano Holdings has indicated that he has a list of potential targets for mergers and acquisitions. The statement was made during a Benzinga subscriber event.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:14 pm

MSOS

Aaron Miles of Verano Holdings has indicated that the company is planning to increase the size of its deals and accelerate its acquisitions. The news was shared during a Benzinga conference.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:08 pm

MSOS

Aaron Miles of Verano Holdings has stated that the company is now considering businesses they had not previously considered for mergers and acquisitions. This change in strategy is due to a rescheduling that 'changes everything'.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:08 pm

SIRI

Sirius XM Holdings' shares are trading higher, rebounding after a drop on Tuesday. The drop was due to Liberty Media's announcement of a proposed combination with Sirius XM.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 7:24 pm

SIRI

Sirius XM Holdings Inc. (NASDAQ:SIRI) shares are trading higher, recovering from a decline related to Liberty Media's proposal for a business combination. The proposal involves Liberty separating LSXM into a new subsidiary, with Sirius XM shareholders receiving one share of the new Sirius XM common stock and 55 cents per share in cash for each share of Sirius XM held at closing.

Portfolio Pulse from Ryan Gustafson

September 27, 2023 | 7:20 pm

SKY

Skyline Champion Corporation (NYSE:SKY) has invested about $138 million into Canadian company ECN Capital, acquiring 33.55 million ECN common shares and 27.45 million convertible preferred Series E shares. This investment gives Skyline access to ECN's subsidiary Triad Financial Services (TFS), a competitor in consumer manufactured home finance and floorplan lending. ECN Capital and SKY are forming a new entity, Champion Financing LLC, which will offer a consumer retail finance program and a branded floor plan offering. Wedbush analyst Jay McCanless reiterated an Outperform rating on SKY shares with a price target of $78.

Portfolio Pulse from Shivani Kumaresan

September 27, 2023 | 6:34 pm

JBLU

SAVE

Democratic Senator Elizabeth Warren has raised concerns about JetBlue's acquisition of Spirit Airlines, citing leaked court documents. She is seeking clarification on whether the deal will lead to higher fares for consumers.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:23 pm

KKR

TI

Telecom Italia has approved an extension until October 15, requested by KKR, for the submission of a binding offer on Netco.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 5:50 pm

LCID

Lucid Group Inc (NASDAQ:LCID) has opened its first international car manufacturing facility in Saudi Arabia. The plant, which is expected to produce electric vehicles for Saudi Arabia and other markets, has an annual capacity of 5,000 cars. The facility received support from the Ministry of Investment of Saudi Arabia, the Saudi Industrial Development Fund, and the Economic City at King Abdullah Economic City. Lucid expects to employ hundreds of Saudi nationals in the first few years and boost the workforce to thousands.

Portfolio Pulse from Lekha Gupta

September 27, 2023 | 5:19 pm