Streetbeat News

Acquisitions Mergers

EMKR

MOBX

Emcore Corporation's stock surged after Mobix Labs submitted an all-cash acquisition offer at $3.80 per share, a 200% premium over Emcore's previous closing price. Both companies are in the military and defense sector, and the acquisition is expected to enhance Mobix Labs' growth and innovation.

Portfolio Pulse from Erica Kollmann

September 30, 2024 | 1:44 pm

BWAY

BrainsWay shares rose following a $20 million investment from Valor Equity Partners to support the expansion of its TMS technology.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:29 pm

TTEC

TTEC shares rose following the CEO's proposal to take the company private at $6.85 per share.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:09 pm

SLRC

SLR Investment Corp. (NASDAQ:SLRC) has acquired an asset-based factoring portfolio and operations from Webster Bank for $115 million. This acquisition enhances SLRC's specialty finance platform by adding a seasoned portfolio and a team of professionals, increasing its exposure to first lien senior secured collateralized assets.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:09 pm

CTRM

Castor Maritime has announced the acquisition of a 2020-built Kamsarmax bulk carrier for $29.95 million, with delivery expected in October 2024.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:03 pm

HOPE

TBNK

Territorial Bancorp's board has reaffirmed its commitment to a proposed merger with Hope Bancorp. This decision highlights the ongoing strategic alignment between the two financial institutions.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:02 pm

KAVL

Delta Corp Holdings is advancing its business combination with Kaival Brands by submitting a draft registration statement to the SEC. This move will create a new publicly listed holding company.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:32 pm

ALCE

VVPR

The article highlights two oversold utility stocks, VivoPower International (VVPR) and Alternus Clean Energy (ALCE), which present potential buying opportunities. Both companies have experienced significant stock price declines and have RSI values indicating oversold conditions.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 12:32 pm

VPG

Vishay Precision Group (VPG) has acquired Nokra, though the terms of the deal were not disclosed. This acquisition could potentially enhance VPG's market position and product offerings.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:31 pm

BL

NIO

PRME

Nio shares rise 15% due to a significant investment in its China subsidiary. Prime Medicine enters a strategic collaboration with Bristol Myers Squibb, receiving $110M upfront and potential milestones over $3.5B, boosting its stock by 33%. BlackLine shares increase after a Morgan Stanley upgrade.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:18 pm