Streetbeat News

Acquisitions Mergers

HEXO

TLRY

HEXO Corp.'s shareholders have approved the acquisition by Tilray Brands, Inc. via a court-approved plan of arrangement. Common shareholders will receive 0.4352 of a Tilray share for each HEXO share held. The arrangement is expected to be completed by June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:19 pm

ILMN

Illumina's acquisition of Grail gains support from GOP lawmakers, state attorneys general, and advocacy groups despite FTC resistance. They filed 14 amicus briefs urging the U.S. 5th Circuit Court of Appeals to reverse the FTC's order, arguing that the FTC exceeded its authority and highlighting the value of Grail's early cancer screening test.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 4:15 pm

RTX

SAFRY

Safran SA is close to acquiring Raytheon Technologies Corp's flight control unit for approximately $1.8 billion. The deal will relieve Raytheon of a low-margin business and strengthen Safran's position in flight controls against competitors.

Portfolio Pulse from Akanksha Bakshi

June 14, 2023 | 4:08 pm

CUEN

CUENW

Cuentas, Inc. (NASDAQ:CUEN) (NASDAQ:CUENW) announces plans to accelerate its Cuentas Casa sustainable community development initiatives with two new land purchase agreements in Florida, totaling 55+ acres and 670+ apartments. The company aims to leverage its cost-efficient, alternative building technologies to grow more aggressively in the challenging market.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:42 pm

CKHUY

VOD

Vodafone Group PLC (VOD) has signed a deal to merge its UK telecommunication business with CK Hutchison Group Telecom Holdings Limited (CKHGT), a subsidiary of CK Hutchison Holdings Ltd (CKHUY) (CKHUF). The combined company will have an enterprise value of around £15 billion and is expected to deliver over £700 million of annual cost and capex synergies by the fifth full year post-deal closure.

Portfolio Pulse from Lekha Gupta

June 14, 2023 | 3:32 pm

BWV

Blue Water Biotech (NASDAQ:BWV) announced the acquisition of six FDA-approved drugs from WraSer, LLC. and Xspire Pharma, LLC. for $8.5 million cash and 1 million restricted shares of Blue Water's common stock. The acquisition is expected to strengthen Blue Water's financial position and advance its vaccine pipeline.

Portfolio Pulse from Erica Kollmann

June 14, 2023 | 3:23 pm

NEXT

TTE

TotalEnergies has agreed to acquire a 17.5% common stock position in NextDecade for $219.4M in three tranches and purchase 5.4 MTPA of LNG from Phase 1 for 20 years. The first tranche of $40M was issued and sold today at $4.9837 per share.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:51 pm

INFA

Informatica has announced its intention to acquire data privacy company Privitar. The terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:02 pm

BWV

WETG

WISA

Blue Water Biotech acquires six FDA-approved drugs, WiSA Technologies starts pre-orders for WiSA E audio development kits, and WeTrade Group launches large-scale language processing models for AI applications.

Portfolio Pulse from ryanfaloona@benzinga.com

June 14, 2023 | 12:47 pm

RTX

Safran SA is close to acquiring Raytheon Technologies Corporation's flight controls business for $1.8 billion, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 12:25 pm