Streetbeat News

Acquisitions Mergers

AMGN

HZNP

Amgen and Horizon Therapeutics have resolved their FTC lawsuit, clearing the path for their acquisition to close. The narrow assurance formalized in the consent order with the FTC will not impact Amgen's business.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 1:10 pm

EFSH

1847 Holdings LLC (NYSE:EFSH) has announced that its subsidiary, Wolo Manufacturing Corp., has expanded into India through the company's supply chain diversification program. The move is aimed at building a more resilient and sustainable supply chain for 1847's portfolio companies. Wolo is a leading manufacturer and distributor of vehicle horns and safety products.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:35 pm

AMZN

Amazon's One Medical CEO, Amir Dan Rubin, is stepping down and will be succeeded by COO Trent Green. This comes after Amazon's acquisition of One Medical in 2022. Amazon has been venturing into healthcare with acquisitions like PillPack and the launch of Amazon Clinic. Despite opposition and obstacles, Amazon continues to push into healthcare, launching an affordable healthcare subscription service and pharmacy discounts for diabetes patients.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 12:35 pm

BKNG

Booking Holdings is planning to challenge the European Union's veto of its proposed acquisition of ETraveli, according to a source. The EU had previously blocked the deal due to concerns over competition in the online travel market.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:52 am

SHEL

Shell has agreed to sell its home energy business in the UK and Germany to Octopus Energy, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:35 am

BKNG

EU regulators are set to block Booking.com's €1.6 billion acquisition of Etraveli, according to the Financial Times. The deal, which was announced last year, has raised competition concerns.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:23 am

WWW

Wolverine World Wide has sold its Hush Puppies intellectual property in China, Hong Kong, and Macau, as well as its U.S. Leathers business, as part of its ongoing portfolio transformation.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 5:53 am

FLME

Flame Acquisition Corp. has received approval from its stockholders to extend the deadline for completing its business combination. The extension will provide the company with additional time to finalize its merger plans.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 5:29 am

ABCM

Abcam has announced that due to the pending acquisition, its financial year 2023 and 2024 has been suspended.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 8:20 pm

ACER

CGC

DG

DLTH

LE

SATX

The Dow Jones fell by over 100 points, while NASDAQ rose slightly. Dollar General Corp reported lower than expected Q2 FY23 sales and lowered its FY23 net sales growth outlook, causing its shares to drop by 13%. Acer Therapeutics shares spiked by 93% after Zevra Therapeutics announced it will acquire the company. Shares of Satixfy Communications and Canopy Growth Corporation also rose significantly. Lands' End and Duluth Holdings shares dropped due to poor Q2 results and weak guidance.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 7:07 pm