Streetbeat News

Acquisitions Mergers

VBLT

VBL Therapeutics (NASDAQ:VBLT) has announced that its S-4 registration statement for the proposed merger with Notable Labs has been declared effective by the SEC. The merger, announced on February 23, 2023, is expected to close in mid-October 2023, subject to shareholder approval. The combined organization plans to apply Notable's Predictive Precision Medicines Platform to develop a pipeline of clinical-stage precision medicines in oncology.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:02 pm

AME

AMETEK, Inc. has acquired United Electronic Industries, a company with annual sales of approximately $35 million. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 12:01 pm

PEP

PepsiCo's Indian arm is investing approximately $9.33 million to establish its first food-centric manufacturing facility in Assam, Northeast India. The plant, projected to be operational by 2025, will create job opportunities for over 450 individuals. PepsiCo India plans to source 50,000 tonnes of potatoes from the region and stimulate demand for a cold storage capacity of 60,000 tonnes. The company also signed a MoU to boost women’s employment in the region.

Portfolio Pulse from Benzinga India Staff

September 06, 2023 | 11:46 am

WSO

Watsco has acquired Gateway Supply Company, a firm with annual revenues of approximately $180 million. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:33 am

SJ

Scienjoy has announced a strategic investment of $3M to acquire a 30% equity interest in Dubai-based metaverse company DVCC. This acquisition marks a transformative chapter for Scienjoy as it embraces the metaverse evolution.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:27 am

ZPTA

Zapata AI is set to go public through a business combination with SPAC company Andretti Acquisition Corp. The combined company will be listed on the New York Stock Exchange under the new ticker symbol 'ZPTA'.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:18 am

NXGN

NextGen Healthcare has agreed to be acquired by private equity firm Thoma Bravo for $23.95 per share in cash. The deal is expected to close in the first half of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:04 am

JBSS

THS

TreeHouse Foods is selling its Lakeville, MN manufacturing facility and snack bars business to John B. Sanfilippo & Son for $63M in cash. The snack bars business was not expected to contribute positive adjusted EBITDA in fiscal year 2023. The transaction is expected to close within 30 days.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:57 am

ET

MIRM

PI

Insider trading has been observed in three US-listed companies: Impinj, Inc. (NASDAQ:PI), Energy Transfer LP (NYSE:ET), and Mirum Pharmaceuticals, Inc. (NASDAQ:MIRM). Impinj's director acquired 79,370 shares for around $5.25 million following upbeat Q2 results. Energy Transfer's Co-CEO bought 50,000 shares for approximately $682,000 after the company announced a merger agreement with Crestwood Equity Partners LP. Mirum Pharmaceuticals' director purchased 147,991 shares for around $3.88 million despite the company posting a wider-than-expected quarterly loss.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 10:48 am

ACI

KR

SFTBY

C&S Wholesale Grocers and SoftBank Group are reportedly close to a deal to buy stores from Kroger Co and Albertsons Companies Inc. The news was reported by Reuters late Tuesday.

Portfolio Pulse from Charles Gross

September 06, 2023 | 10:35 am