Streetbeat News

Acquisitions Mergers

SCU

Sculptor Capital (SCU) shares are trading higher following the announcement of its acquisition by Rithm Capital.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:38 am

LCAA

Lotus Technology Inc., a luxury electric vehicle maker, has expanded its global retail network to 1931 stores, opening 24 new outlets in the first half of 2023. The company plans to further develop its global distribution network, targeting over 300 stores by the end of 2025. L Catterton Asia Acquisition Corp (NASDAQ:LCAA), a blank check company, is incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

Portfolio Pulse from Charles Gross

July 24, 2023 | 11:36 am

AWI

Armstrong World Industries has acquired BŌK Modern, a company specializing in metal panel systems. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:32 am

QNCX

Quince Therapeutics, Inc. (NASDAQ:QNCX) has announced plans to acquire EryDel SpA, a late-stage biotech company. The deal involves a stock-for-stock upfront exchange and potential downstream milestone cash payments totaling up to $485 million. Upon completion, EryDel stockholders will own up to 16.7% of the combined company. The transaction will also include the assumption of EryDel's $13 million European Investment Bank loan.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:05 am

PSA

Public Storage has agreed to acquire Simply Self Storage from Blackstone Real Estate Income Trust for $2.2 billion. The portfolio includes 127 properties and 9 million net rentable square feet across 18 states. The acquisition is expected to close in Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:02 am

BABA

CVX

DPZ

NKLA

NVDA

TSLA

WHR

Cathie Wood's Ark ETF exited from Alibaba and other stocks. Domino's Pizza, Whirlpool and 3 other stocks are to be watched. Tesla reportedly removes Bitcoin as payment option but keeps Dogecoin. Bitcoin's price could skyrocket to $120,000, says analyst. NVIDIA GeForce RTX 4060 Ti 16 GB faces price drop in Europe. Nikola's truck caught fire again. Twitter CEO Linda Yaccarino says X.com will be powered by AI. Chevron CEO to stay put as Q2 earnings impress Wall Street. Bain Capital acquires 90% interest in Adani Capital & Adani Housing.

Portfolio Pulse from Akanksha Bakshi

July 24, 2023 | 10:48 am

RITM

SCU

Rithm Capital is set to acquire Sculptor Capital Management for $639 million, which includes $11.15 per share of Sculptor.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 10:47 am

JNJ

KVUE

Johnson & Johnson has announced plans to split off at least 80.1% of the shares of Kenvue through an exchange offer. Johnson & Johnson shareholders have the option to exchange all, some, or none of their JNJ shares for Kenvue shares.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 10:20 am

BLUA

Spinal Stabilization Technologies (SST), a medical device company, is set to list on an approved stock exchange through a merger with BlueRiver Acquisition Corp. (BLUA). The combined company will operate under the name Spinal Stabilization Technologies post-merger.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 9:12 am

ACN

Vector Inc has announced plans to sell its wholly-owned subsidiary, Signal Inc, to Accenture. The terms of the deal have not been disclosed.

Portfolio Pulse from Charles Gross

July 24, 2023 | 8:51 am