Streetbeat News

Acquisitions Mergers

AGLE

Aeglea BioTherapeutics has announced the acquisition of Spyre Therapeutics and a concurrent oversubscribed $210 million private investment, positioning the company for growth.

Portfolio Pulse from Bill Haddad

June 22, 2023 | 12:20 pm

GDEV

Nexters Inc. has changed its name to GDEV Inc. and evolved into a holding company focused on the growth of its diversified portfolio of studios and franchises. The holding company will focus on strategic partnerships, acquisitions, and group-wide initiatives, while individual studios will concentrate on product development.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 12:13 pm

TECH

Bio-Techne Corporation (NASDAQ: TECH) has agreed to acquire Lunaphore Technologies, a Swiss life sciences company specializing in spatial biology technology. The acquisition is expected to close in Q3. Lunaphore's technology enables the identification of biomarker signatures with clinical relevance, supporting diagnostic tool development and streamlining clinical trials.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 12:07 pm

XOMA

Xoma has acquired the royalty and milestone rights for two assets from LadRx, including Arimoclomol for Niemann-Pick disease type C and Aldoxorubicin for Phase 2 oncology, for $5 million.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 11:39 am

NRG

NRG Energy announces a new $150M cost reduction initiative to be completed by 2025, in addition to $300M in Direct Energy cost synergies by 2023 and $100M in cost synergies related to the Vivint acquisition by 2025.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 11:38 am

TALS

Talaris Therapeutics and Tourmaline Bio have agreed to merge in an all-stock transaction, with the combined company focusing on advancing Tourmaline's lead program, TOUR006. The new company will be named Tourmaline Bio, Inc. and trade under the ticker symbol 'TRML' on Nasdaq. Talaris plans to pay a cash dividend of up to $64.8 million to its stockholders before the merger.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 11:34 am

CS

UBS

The Swiss National Bank (SNB) plans to implement measures to prevent future crises like the one experienced by Credit Suisse Group AG. In its 2023 financial stability report, SNB suggests banks should pledge a minimum amount of assets at central banks. UBS Group AG recently completed the acquisition of Credit Suisse.

Portfolio Pulse from Lekha Gupta

June 22, 2023 | 10:53 am

RIVN

Rivian Automotive has acquired Swedish mapping company Iternio, developer of the 'A Better Routeplanner' (ABRP) app. Rivian plans to integrate ABRP's technology into its in-vehicle navigation system and mobile app, enhancing trip planning and charging stop options for EV drivers.

Portfolio Pulse from Shivani Kumaresan

June 22, 2023 | 9:56 am

ROOT

Root shares are trading higher following a Wall Street Journal report of a takeover bid.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:30 am

AMZN

OCDDY

Amazon is reportedly showing interest in UK-based online supermarket Ocado, according to The Times. This has led to speculation about a potential acquisition.

Portfolio Pulse from Charles Gross

June 22, 2023 | 9:26 am