Streetbeat News

Acquisitions Mergers

HON

ISSC

Innovative Solutions & Support (ISSC) has announced the acquisition of several product lines from Honeywell. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 12:38 pm

OMQS

OmniQ Corp. (NASDAQ:OMQS) has announced a definitive agreement to acquire Tadiran Telecom, a global leader in Unified Communications and Collaborative Solutions, for $15.25M. The acquisition will enhance OmniQ's product offering and strengthen its position as a leading provider of Comprehensive Automation Solutions. Tadiran's FY 2022 revenue was $26M with $1.7M of Operating Profit.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:33 pm

INFI

Infinity Pharmaceuticals (NASDAQ:INFI) has provided further details on its Phase 2 MARIO-8 study evaluating eganelisib in combination with pembrolizumab in patients with squamous cell cancer of the head and neck. The adaptive design of the study aims to optimize the dose of eganelisib. Preliminary safety and efficacy data are expected in the second half of 2024. The company is also progressing towards a merger with MEI Pharma, which has been recommended by two leading independent proxy advisory firms.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 12:31 pm

TSNDF

TerrAscend Corp. has completed the acquisition of Herbiculture Inc., a medical dispensary in Maryland. This acquisition marks TerrAscend's fourth dispensary in the state, reaching the cap. The company expects Herbiculture to drive substantial sales and profit growth, especially with the recent launch of adult-use sales in Maryland. The transaction is expected to be immediately accretive to TerrAscend on an EBITDA and cashflow basis.

Portfolio Pulse from Vuk Zdinjak

July 10, 2023 | 12:19 pm

HLI

Houlihan Lokey (HLI) has announced its acquisition of 7 Mile Advisors. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 12:03 pm

CWH

Camping World Holdings, Inc. (NYSE:CWH) has announced plans to acquire Sonny's RVs in Casper, Wyoming. The transaction is expected to close in the fourth quarter of 2023, increasing Camping World's Wyoming location count to two.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 11:31 am

HON

Honeywell (NASDAQ:HON) has announced its agreement to acquire SCADAfence, a leading provider of operational technology and Internet of Things cybersecurity solutions. The acquisition will strengthen Honeywell's cybersecurity software portfolio.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 11:18 am

BGNE

BeiGene (NASDAQ:BGNE) and DualityBio have announced a partnership to advance a differentiated antibody drug conjugate (ADC) therapy for solid tumors. BeiGene will acquire an exclusive option for a global clinical and commercial license to an investigational, preclinical ADC therapy for patients with select solid tumors.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 11:08 am

ABC

TPG

TPG Inc plans to acquire the government cybersecurity business unit of Forcepoint for $2.45 billion. The unit, Forcepoint Global Governments and Critical Infrastructure (Forcepoint G2CI), is being bought from Francisco Partners. Post-acquisition, Francisco will maintain a minority interest in the unit and continue to operate Forcepoint’s commercial cybersecurity business as a separate entity. TPG shares are trading lower by 0.03% at $29.30 premarket.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 10:47 am