Streetbeat News

Acquisitions Mergers

ATVI

MSFT

Microsoft and Activision Blizzard are reportedly still committed to their deal and are continuing to work through regulatory issues, according to sources cited by the Wall Street Journal.

Portfolio Pulse from Charles Gross

July 19, 2023 | 12:26 am

DMAQ

Deep Medicine Acquisition Corp. and Bright Vision Sponsor LLC have entered into non-redemption agreements with six unaffiliated third parties. The agreements pertain to a maximum of 514,773 shares of Class A common stock sold during the company's IPO, with the sponsor agreeing to transfer up to 185,179 shares upon completion of the company's initial business combination.

Portfolio Pulse from Charles Gross

July 18, 2023 | 9:19 pm

HROW

Harrow is set to acquire certain US and Canadian commercial rights for specific branded products from Santen Pharmaceutical. The terms of the deal were not disclosed. Harrow expects the transaction to reduce its aggregate leverage ratio of adjusted EBITDA to debt. The transaction was financed through the expansion of Harrow's secured credit facility with funds managed by Oaktree Capital Management.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 9:06 pm

MITT

WMC

Western Asset Mortgage Capital (WMC) has received a non-binding proposal from AG Mortgage Investment Trust (MITT) to acquire WMC. The WMC board has determined that this proposal is reasonably expected to lead to a superior proposal and intends to engage in discussions with MITT. Each outstanding share of WMC common stock would be converted into 1.468 shares of MITT common stock and a cash payment from MITT's external manager.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:53 pm

UPTD

TradeUP Acquisition Corp. (NASDAQ:UPTD) has extended the deadline for its initial business combination from July 19, 2023 to August 19, 2023. The company has deposited $37,432.70 into its trust account, representing $0.05 per share that is not redeemed by the company's stockholders. The payment was made by Estrella Biopharma, Inc., pursuant to the Merger Agreement entered on September 30, 2022.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:31 pm

SRT

CSP Management Ltd has submitted a proposal to Startek's board to acquire all of Startek's shares of common stock at $3.80 per share in cash. The offer was submitted by CSP EAF II GP Limited, as General Partner of CSP Fund II LP (CSP EAF).

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:25 pm

EXR

LSI

Extra Space and Life Storage stockholders have overwhelmingly approved the merger between the two companies. More than 99.9% of Extra Space votes and 99.7% of Life Storage votes were in favor of the merger. Upon completion, Life Storage stockholders will receive 0.895 of a newly-issued share of Extra Space common stock for each share of Life Storage common stock they own. The transaction is expected to close on July 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:22 pm

NGMS

NeoGames S.A. (NASDAQ:NGMS) shareholders have approved the adoption of the Business Combination Agreement with Aristocrat Leisure Limited. This is the first of two approvals required for the proposed acquisition of NeoGames by Aristocrat. The acquisition is expected to occur during the first half of fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:18 pm

HROW

Harrow Health, Inc. (HROW) has acquired the US and Canadian commercial rights to VEVYE, a Cyclosporine Ophthalmic Solution, from Novaliq. The terms of the deal were not disclosed. VEVYE was approved by the FDA on May 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:04 pm

TENKU

TenX Keane Acquisition (NASDAQ:TENKU) has extended the deadline for its initial business combination from July 18, 2023 to October 18, 2023. The company has deposited $660,000 into its trust account to facilitate this extension. The payment was made by 10XYZ Holdings LP, the sponsor of the company.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:02 pm