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Acquisitions Mergers

ITUB

Itaú Unibanco Holding S.A. has entered into a binding stock purchase agreement with Banco Macro to sell all shares held in Banco Itaú Argentina S.A. and its subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:58 am

RPRX

Royalty Pharma has acquired a synthetic royalty on US net sales of Ferring's Adstiladrin for up to $500 million, comprised of an upfront payment of $300 million and a $200 million milestone payment. The milestone payment is contingent on certain manufacturing goals expected to be achieved in 2025. Royalty Pharma is acquiring a 5.1% royalty on net sales of Adstiladrin in the US, which will increase to 8.0% upon payment of the manufacturing-related milestone.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 10:33 am

LBTYA

LBTYB

LBTYK

Liberty Global has initiated the reopening of the acceptance period for its voluntary unconditional takeover bid on Telenet Group. This move could potentially lead to a full acquisition of Telenet by Liberty Global.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 7:12 am

OIG

Orbital Infrastructure has announced plans to initiate purchase contracts for Front Line Power Construction and Gibson Technical Services. However, the company has also filed for Chapter 11 bankruptcy protection.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:39 am

DOGEUSD

Elon Musk criticized the New York Times for not participating in X's ad revenue share program, a feature of the platform formerly known as Twitter, which Musk acquired in 2022. The program allows users to earn revenue from ads in replies to their content. The New York Times, with 55 million followers on the platform, could have potentially earned significant revenue from this program, but has not signed up for it.

Portfolio Pulse from Ananya Gairola

August 24, 2023 | 2:59 am

SPCE

Investor Chamath Palihapitiya, known for his SPAC deals, has faced criticism as the valuations of several companies he took public have crashed. One such company is Virgin Galactic Holdings (NYSE:SPCE), which went public in 2019 in a SPAC merger anchored by Palihapitiya’s Social Capital Hedosophia Holdings Corp. After its stock climbed in 2019 through 2021, shares have fallen significantly and Palihapitiya has distanced himself from the company. He stepped down as chairman of Virgin Galactic in 2022 and sold a large position in the company.

Portfolio Pulse from Chris Katje

August 23, 2023 | 9:43 pm

SHAP

SPAC company Spree Acquisition Corp. 1 Limited and WHC Worldwide, LLC, operating as zTrip, have mutually agreed to terminate their previously announced business combination agreement.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 9:01 pm

EHAB

Enhabit Home Health & Hospice is exploring strategic alternatives, including a potential sale of the company.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:54 pm

SNWV

SANUWAVE Health has entered a merger agreement with Sweat Equity Partners and Mercury Life Sciences-affiliated SEP Acquisition Corp. The combined company is expected to receive approximately $13M of gross proceeds at closing.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:32 pm

AVGO

VMW

VMware and Broadcom have extended the outside date as defined in their merger agreement to November 26, 2023, according to a filing.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:29 pm