Streetbeat News

Acquisitions Mergers

BMTX

BM Technologies (BMTX) has announced the acquisition of Envel, Inc.'s software technology, which uses AI to automate elements of financial management such as budgeting, savings, and investments. The acquisition aims to enhance BMTX's features and capabilities.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:40 pm

PDSB

PDS Biotechnology Corp. (NASDAQ:PDSB) is expected to be added to the Russell 2000 and Russell 3000 Indexes on June 26, 2023. The inclusion follows promising interim data from the VERSATILE-002 Phase 2 clinical trial and the acquisition of PDS0301.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:24 pm

AZN

AstraZeneca is reportedly considering spinning off its China business and listing a separate unit in Hong Kong amid geopolitical tensions. China accounted for 13% of the company's overall sales in 2022. The spin-off could protect AstraZeneca from tensions while retaining business control.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 12:23 pm

SLP

Simulations Plus has acquired Immunetrics for $15.5 million, expanding its immunology and oncology drug development capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:04 pm

MCOM

Micromobility.com Inc.'s subsidiary, Wheels, announces its expansion into Malta, marking its first post-acquisition European expansion. Wheels will deploy a fleet of 600 vehicles in collaboration with a local partner.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:03 pm

BDX

STE

BD (Becton, Dickinson and Company) has agreed to sell its surgical instrumentation platform to STERIS for $540 million. The deal is expected to close in the first half of 2023.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:03 pm

FRHC

Freedom Holding (FRHC) has acquired a majority stake in Arbuz, an online supermarket and fresh food delivery service operating in Almaty and Astana, Kazakhstan. The acquisition process began in March 2023.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:03 pm

ADTX

Aditxt, Inc.'s subsidiary Pearsanta has signed a non-binding letter of intent to acquire Natural State Laboratories and Natural State Genomics for a consideration not exceeding $55 million.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 11:51 am

ADBE

Adobe Inc faces an extended EU antitrust investigation for its $20 billion acquisition of rival Figma. The European regulators are concerned about less innovation and higher prices. The UK and the US Department of Justice are also probing the deal.

Portfolio Pulse from Anusuya Lahiri

June 20, 2023 | 11:43 am

CIVI

Civitas Resources (NYSE:CIVI) has signed two agreements to acquire oil-producing assets in the Midland and Delaware Basins for a combined price of around $4.7 billion. The acquisition is expected to boost CIVI's production by 60% and generate around $1.1 billion of pro forma FCF in 2024.

Portfolio Pulse from Lekha Gupta

June 20, 2023 | 11:40 am