Streetbeat News

Acquisitions Mergers

LLY

Eli Lilly has agreed to acquire DICE Therapeutics for $48 per share in cash, totaling approximately $2.4 billion.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 10:47 am

AGR

PNM

PNM Resources and Avangrid have agreed to extend their merger agreement through December 31, 2023. The extension allows both companies more time to complete the necessary regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 10:31 am

CIVI

Civitas Resources has signed agreements to acquire oil producing assets in the Midland and Delaware Basins of west Texas and New Mexico from affiliates of Hibernia Energy III and Tap Rock Resources for a total consideration of $4.7 billion.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 10:24 am

MEC

Mayville Engineering Company (MEC) has entered a definitive agreement to acquire privately held Mid-States Aluminum for $96 million. The acquisition is expected to close in Q3 2023, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 10:03 am

YVR

Liquid Media has announced the sale of its wholly owned subsidiary IndieFlix Group for $1.2 million, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 9:28 am

BWA

BorgWarner Inc plans to acquire Eldor Corporation's Electric Hybrid Systems (EHS) business for €75 million, boosting its ePropulsion portfolio. The acquisition will add high-frequency DC/DC converter technology and enhance its capabilities in 400V and 800V onboard chargers. The deal is expected to close in Q3 2023.

Portfolio Pulse from Lekha Gupta

June 20, 2023 | 9:08 am

ADBE

VGK

Adobe's acquisition of Figma is under threat from EU regulators, potentially impacting the deal's completion.

Portfolio Pulse from Charles Gross

June 20, 2023 | 9:04 am

NDAQ

The European Energy Exchange (EEX) and Nasdaq, Inc. (NASDAQ:NDAQ) have agreed for EEX to acquire Nasdaq's European power trading and clearing business, subject to regulatory approvals. The deal includes the transfer of open positions in Nasdaq's Nordic, French, and German power futures and European carbon emission allowance futures to EEX's clearing house European Commodity Clearing (ECC).

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:41 am

CIVI

Civitas Resources is close to acquiring oil and gas operations in the Permian Basin from private equity firm NGP Energy Capital Management for around $5 billion, including debt, according to sources.

Portfolio Pulse from Charles Gross

June 19, 2023 | 11:49 pm

BWA

BorgWarner Inc. (NYSE:BWA) has entered into a Share Purchase Agreement to acquire the Electric Hybrid Systems (EHS) business segment of Eldor Corporation for €75 million, with a potential additional amount due subject to an earnout.

Portfolio Pulse from Charles Gross

June 19, 2023 | 11:21 pm