Streetbeat News

Acquisitions Mergers

DDD

DM

SSYS

Stratasys' board has unanimously determined that the revised proposal from 3D Systems, dated June 27, 2023, does not constitute a superior proposal to the agreement with Desktop Metal. The board believes the proposal undervalues Stratasys and does not provide a basis for discussions with 3D Systems.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 11:03 am

BHC

NVS

Bausch + Lomb, a subsidiary of Bausch Health Companies Inc. (BHC), has agreed to pay $1.75 billion to acquire an eye drug from Novartis AG (NVS).

Portfolio Pulse from Charles Gross

June 30, 2023 | 11:01 am

BHG

MOH

Bright Health has agreed to sell its California Medicare advantage business, Brand New Day and Central Health plan to Molina Healthcare for $600 million. This has resulted in a rise in Bright Health's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 10:56 am

BHG

MOH

Bright Health Group has agreed to sell its California Medicare Advantage business, Brand New Day and Central Health Plan, to Molina Healthcare for $600M.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 10:50 am

STLA

Stellantis NV (NYSE:STLA) has signed a battery materials supply agreement with Norwegian company Kuniko Ltd. The deal includes a 35% future production offtake of nickel and cobalt sulphate from Kuniko's projects for nine years, and a €5.0 million investment in Kuniko for a 19.99% shareholding. The agreement is part of Stellantis' Dare Forward 2030 plan, aiming for a 100% passenger car battery electric vehicle sales mix in Europe by 2030.

Portfolio Pulse from Shivani Kumaresan

June 30, 2023 | 10:36 am

TLRY

Tilray Brands has entered into an agreement with Double Diamond Holdings, acquiring a promissory note worth $8.1M. In return, Tilray issued 5M shares of its common stock.

Portfolio Pulse from Charles Gross

June 30, 2023 | 10:14 am

GOGN

GoGreen Investments Corp's shares are trading higher following the announcement of shareholder approval for a business combination with Lifezone Metals.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 10:12 am

ADBE

EWU

The UK's Competition and Markets Authority (CMA) has announced that it will proceed to a Phase 2 review of the Adobe/Figma deal, citing concerns that the deal could reduce innovation.

Portfolio Pulse from Charles Gross

June 30, 2023 | 10:02 am

GOOGL

MSFT

NVDA

AI startup Runway has raised $141 million in a Series C funding round led by Google and Nvidia, with participation from Salesforce Ventures and existing investors. The funds will be used to scale the company's in-house research efforts. Runway's fundraising follows another AI startup, Inflection, which raised $1.3 billion led by Microsoft, Nvidia, and others. Runway's latest product, Gen2, is currently available for testing.

Portfolio Pulse from Rounak Jain

June 30, 2023 | 9:59 am

AIQUY

CMI

Cummins Inc (CMI) has acquired the remaining 19% stake in Hydrogenics Corporation from L'Air Liquide SA (AIQUY), taking full ownership. The acquisition reinforces Cummins' commitment to fuel cell and electrolyzer technologies for decarbonization. Hydrogenics will continue to be one of Air Liquide’s suppliers for electrolyzer projects.

Portfolio Pulse from Shivani Kumaresan

June 30, 2023 | 9:53 am