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Acquisitions Mergers

FTHWF

MSSTF

REUN

Reunion Neuroscience Inc. (NASDAQ:REUN) reported Q4 and full year 2023 financial results, showing a decrease in cash and cash equivalents, increased R&D and G&A expenses, and a net loss from continuing operations. The company's lead asset RE104 showed promising results in a Phase 1 analysis for the treatment of Postpartum Depression. Reunion also announced a take-private transaction by MPM BioImpact valued at approximately $13.1 million. The company faces financial risks including future expenses and expected losses, and IP risks including ongoing litigation with Mindset Pharma (OTC:MSSTF).

Portfolio Pulse from Lara Goldstein

June 29, 2023 | 5:22 pm

MSFT

Sega Corp. has dismissed rumors of a potential acquisition by Microsoft Corp., emphasizing its intention to remain part of Sega Sammy Holdings Inc. Sega maintains a close relationship with Microsoft but has no plans to merge or be acquired.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 5:19 pm

V

Visa has announced the acquisition of Pismo, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 4:53 pm

MANU

Manchester United has agreed to a £60M package deal for Mason Mount with Chelsea. The personal terms were agreed upon weeks ago and face-to-face talks between the clubs have confirmed the agreement.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:48 pm

BTAI

GNLN

MKC

MOBQ

SGTX

U.S. stocks traded higher with the Dow Jones gaining more than 200 points. McCormick & Co Inc reported better-than-expected earnings for its second quarter. Sigilon Therapeutics shares shot up 516% after Eli Lilly agreed to acquire the company. Shares of Eco Wave Power Global and Franklin Covey Co. also rose significantly. However, shares of BioXcel Therapeutics, Greenlane Holdings, and Mobiquity Technologies fell.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 4:41 pm

DWAC

The SPAC merger between Donald Trump’s Trump Media & Technology Group and Digital World Acquisition Corporation (NASDAQ:DWAC) is facing insider trading charges against three individuals linked to the financing of a Trump Media & Technology unit. The individuals, who helped fund Truth Social, a unit of Trump Media & Technology, allegedly made over $22 million through the trading of shares of DWAC. The SPAC merger has been delayed multiple times, with the latest vote date to finalize the merger set for September 2023. DWAC shares are up 0.3% to $12.70, but are down 44% in the last year.

Portfolio Pulse from Chris Katje

June 29, 2023 | 4:16 pm

DKNG

DraftKings has announced that it will no longer pursue the acquisition of the US business of PointsBet. This has led to a rise in DraftKings' share prices.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 4:13 pm

MNST

Monster Beverage Corporation is reportedly close to acquiring bankrupt energy drink company Bang Energy for $362 million. However, the deal is under review by the Federal Trade Commission (FTC), which could potentially jeopardize the acquisition.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:02 pm

AMZN

PG

The article discusses the potential of large consumer packaged goods (CPG) companies like Amazon (AMZN), Nestlé (NSRGF), and Procter & Gamble (PG) to revive struggling cannabis businesses. The cannabis industry faces challenges such as regulatory uncertainty, banking limitations, oversupply, and fragmented markets. These CPG companies, with their expertise in regulations, supply chain management, and product development, could acquire struggling cannabis companies and bring stability, innovation, and scalability to the industry.

Portfolio Pulse from Nicolás Jose Rodriguez

June 29, 2023 | 3:48 pm

IMNM

Immunome and Morphimmune have announced a definitive merger agreement, along with a simultaneous private placement investment of $125 million for the development of targeted cancer therapies. This has led to a rise in Immunome's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 3:39 pm