Streetbeat News

Acquisitions Mergers

AMD

ASST

KDNY

Asset Entities develops AI bot for AE360DDM suite on Discord, Chinook Therapeutics to be acquired by Novartis AG, and AMD shares rise after KeyBanc maintains Overweight rating and raises price target.

Portfolio Pulse from ryanfaloona@benzinga.com

June 12, 2023 | 12:48 pm

SGBX

Safe & Green (SGBX) has purchased the Waldron Manufacturing Facility in Durant, Oklahoma, which its subsidiary SG Echo has been leasing.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:43 pm

GRRR

Gorilla Technology Group has agreed to binding terms to acquire Bacom Internetwork, a leading provider of AI-based video analytics solutions.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:03 pm

ILMN

Illumina's CEO Francis deSouza has resigned amid pressure from activist investor Carl Icahn over the company's controversial $7.1 billion acquisition of cancer test maker Grail. Charles Dadswell has been named interim CEO while the board searches for a new CEO.

Portfolio Pulse from Vandana Singh

June 12, 2023 | 12:02 pm

GLCNF

STLA

VWAGY

Glencore, Stellantis, and Volkswagen's PowerCo are expected to support a $1 billion mining deal in Brazil by SPAC ACG Acquisition company. The deal involves acquiring two mines, Atlantic Nickel and Mineraçao Vale Verde, which will be renamed ACG Electric Metals after the transaction. The mines will supply critical minerals to car manufacturers, strengthening the EV supply chain in Western countries.

Portfolio Pulse from Shivani Kumaresan

June 12, 2023 | 11:48 am

KDNY

NVS

Novartis AG has agreed to acquire Chinook Therapeutics for $40 per share in cash, totaling $3.2 billion. Chinook shareholders will also receive contingent value rights, providing for payment of up to $4 per share upon achieving certain regulatory milestones for atrasentan. The total consideration would be approximately $3.5 billion.

Portfolio Pulse from Vandana Singh

June 12, 2023 | 11:35 am

CWH

Camping World Holdings (CWH) has acquired Funtime RV for an undisclosed sum, expanding its presence in the RV market.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:34 am

GTLS

IR

Chart Industries has signed a definitive agreement to sell its Roots business to Ingersoll Rand for $300 million in an all-cash deal. The transaction is expected to close in Q3 2023, with Ingersoll Rand taking over the Connersville manufacturing facility and retaining around 300 employees.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:32 am

NDAQ

Nasdaq Inc (NDAQ) has agreed to acquire Adenza, a risk management and regulatory software provider, from Thoma Bravo for $10.5 billion in cash and common shares. The acquisition is expected to close within six to nine months and will enhance Nasdaq's risk management, regulatory, and capital markets software and technology solutions.

Portfolio Pulse from Lekha Gupta

June 12, 2023 | 11:17 am

MTAC

TriSalus Life Sciences presented additional data for SD-101 delivered via the exclusive PEDDT method with the TriNav device, amid its merger with MedTech Acquisition Corporation (MTAC).

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:17 am