Streetbeat News

Acquisitions Mergers

ETSY

Etsy has announced plans to sell the parent holding company of Elo7 Serviços De Informática S.A. to Enjoei S.A. The terms of the deal have not been disclosed.

Portfolio Pulse from Charles Gross

July 18, 2023 | 11:05 am

NLTX

Neurogene and Neoleukin Therapeutics have entered into a definitive merger agreement. The combined company will operate under the name Neurogene Inc. and trade on the Nasdaq Capital Market under the ticker symbol 'NGNE'. Neoleukin will issue shares to pre-merger Neurogene stockholders in exchange for the cancellation of shares of Neurogene, making Neurogene a wholly owned subsidiary of Neoleukin.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 10:32 am

AMZN

OCDDY

The CEO of Ocado declined to comment on rumors of a potential takeover by Amazon. This comes as Ocado's stock hit a five-month high after returning to profit.

Portfolio Pulse from Charles Gross

July 18, 2023 | 9:15 am

NNDM

SSYS

Nano Dimension has increased its special tender offer price for Stratasys shares from $24.00 to $25.00 per share. The offer is to purchase between 31.9% and 36.9% of the outstanding ordinary shares of Stratasys.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:53 am

LOGI

Logitech has acquired Helsinki-based company Loupedeck. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 7:15 am

ARES

Ares Management is set to acquire Crescent Point Capital, an Asia-focused private equity firm with approximately $3.8 billion of assets under management. The transaction is expected to be immediately accretive to Ares' after-tax realized income per share of Class A and non-voting common stock.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:24 am

GOOGL

META

TSLA

Elon Musk's new venture, xAI, aims to become a leading name in artificial intelligence (AI), similar to Tesla's position in the automotive industry. However, there are concerns that it may fail to take off, similar to 'Truth Social'. The xAI team includes veterans from Google and OpenAI, which could potentially help the company succeed.

Portfolio Pulse from Benzinga Neuro

July 18, 2023 | 3:49 am

ATVI

MSFT

The acquisition deal between Microsoft and Activision is expected to close later than initially planned, according to Bloomberg.

Portfolio Pulse from Charles Gross

July 17, 2023 | 9:47 pm

FTHWF

MSSTF

REUN

Reunion Neuroscience (NASDAQ:REUN) is set to go private following a final court approval. The company is closing on its take-private transaction with MPM BioImpact affiliates, with shareholders approving the arrangement plan. The acquisition of Reunion in an all-cash transaction of $13.1 million is expected to close on or about July 21, 2023. Reunion was split from Field Trip Health in mid-2022 and has been developing a novel serotonergic psychedelic compound, RE104, as a potential treatment for postpartum depression.

Portfolio Pulse from Lara Goldstein

July 17, 2023 | 9:04 pm

AEON

Priveterra Acquisition has been authorized to list on the NYSE following its business combination with AEON Biopharma. Post-merger, AEON will be a wholly owned subsidiary of Priveterra, which will change its name to AEON Biopharma, Inc. Trading under the new ticker symbol 'AEON' is expected to begin on July 24, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 9:04 pm