Streetbeat News

Acquisitions Mergers

ABCM

DHR

MKGAF

Abcam is reportedly attracting takeover interest from Danaher, Agilent Technologies, and Germany's Merck KGaA, according to Bloomberg.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:26 pm

ABCM

Abcam shares are trading higher following a report suggesting the company has seen takeover interest.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 4:26 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) shares dropped over 10% after the company announced a deal to acquire CA$12.5 million ($9.4 million) worth of notes in exchange for common shares and cash. The company will cancel the principal amount of the notes and issue around 24.3 million of its shares. The deal will be conducted as a private placement. The company's CFO, Judy Hong, stated that the move is aimed at strengthening Canopy's financial position.

Portfolio Pulse from Erica Kollmann

June 30, 2023 | 3:15 pm

Ford Motor Company has reportedly found an international investor for its German plant in Saarlouis. The deal could create around 2,500 jobs in Saarlouis. Ford's shares are trading higher by 1.6% to $15.19 on the last check Friday.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 3:12 pm

FRHC

Citron Research has raised concerns about Freedom Holdings' potential acquisition of a US brokerage firm in Maxim, citing the company's failure to file a 10k, missed extension deadlines, departure of their auditor, and sanctions and suspensions by the PCAOB. Citron also questioned the lack of regulatory intervention from the SEC, NASDAQ, and DOJ, and called for increased accountability and scrutiny of companies like Freedom Holdings.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:24 pm

CCL

JOBY

MEDS

NERV

TNA

Benzinga's Stock Whisper Index highlights five stocks warranting attention for the week of June 29, 2023. These include Joby Aviation (JOBY), which saw shares soar after receiving a Special Airworthiness Certificate; Minerva Neurosciences (NERV), which saw shares rise after a $20 million investment; Carnival Corporation (CCL), which reported better-than-expected Q2 results; TRxADE Health (MEDS), which saw shares surge year-to-date but sold off after news of an acquisition; and Direxion Small Cap Bull 3X Shares (TNA), an ETF that saw a sharp rise in interest from readers.

Portfolio Pulse from Chris Katje

June 30, 2023 | 2:21 pm

BLCO

NVS

Bausch + Lomb has entered into a definitive agreement to acquire XIIDRA from Novartis. This has led to an increase in Bausch + Lomb's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 2:20 pm

PVSP

Pervasip Corp. (OTCPK:PVSP) is expanding its Slurped nano cannabis beverages into the California market through its subsidiary Artizen Nano. The company has signed a letter of intent with MTN Group for manufacturing and distribution. However, Pervasip has terminated a previously proposed acquisition of BCCTG LLC and a partnership with KRTL Biotech as part of its strategic realignment.

Portfolio Pulse from Vuk Zdinjak

June 30, 2023 | 2:09 pm

AAIC

AOMR

EPR

LSI

PLYM

SKT

WELL

The first half of 2023 has been challenging for stocks, particularly REITs, due to Federal Reserve rate hikes and hints of a recession. However, some REITs have performed well due to improved earnings, raised analyst positions, and acquisitions. The best performers include Angel Oak Mortgage REIT Inc. (AOMR), Arlington Asset Investment Corp. (AAIC), Life Storage Inc. (LSI), EPR Properties (EPR), Tanger Factory Outlet Centers Inc. (SKT), Welltower Inc. (WELL), and Plymouth Industrial REIT Inc. (PLYM).

Portfolio Pulse from Ethan Roberts

June 30, 2023 | 2:08 pm

General Motors has acquired substantially all assets of Israel-based battery software startup Algolion Ltd. The financial details of the deal were not disclosed.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:04 pm