Streetbeat News

Acquisitions Mergers

ANGO

MMSI

AngioDynamics has sold its Dialysis product portfolio and BioSentry Tract Sealant System Biopsy product to Merit Medical Systems for $100 million. The deal includes brands that contributed approximately $32 million in sales in AngioDynamics' Fiscal Year 2023. The company plans to use the proceeds to eliminate debt and support strategic investments in growth and profitability.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 8:03 pm

NOVV

Nova Vision Acquisition (NOVV) announced an extension of the combination period and an additional contribution to the trust account, extending the combination period to July 10.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 8:02 pm

VOD

Vodafone and CK Hutchinson are reportedly in talks to merge their British operations, causing Vodafone shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 7:33 pm

CRM

NVDA

ORCL

Generative AI startup Cohere has raised $270 million in a Series C round, with investors including Nvidia, Oracle, and Salesforce. Cohere, founded by former Google Brain members, focuses on enterprise licensing and aims to address proprietary data concerns associated with Microsoft-backed OpenAI's model.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 6:38 pm

EXPI

HSKA

eXp World Holdings (EXPI) shares are trading higher after S&P Dow Jones Indices announced that the company will replace Heska Corporation (HSKA) in the S&P SmallCap 600, effective June 14. Heska Corp. is being acquired by Mars Inc.

Portfolio Pulse from Erica Kollmann

June 08, 2023 | 6:19 pm

BG

GLNCY

Bunge Ltd (NYSE: BG) is close to a merger deal with Glencore PLC's (OTC: GLNCY) Viterra grains division, creating an agricultural trading company worth over $30 billion. The deal is expected to be disclosed next week, with final value dependent on Bunge's share movement.

Portfolio Pulse from Lekha Gupta

June 08, 2023 | 5:35 pm

PLTK

Mobile game developer Playtika has reportedly attracted takeover interest from private equity firms CVC Capital Partners and Advent International, according to three sources familiar with the matter.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 4:10 pm

AVNS

Avanos Medical plans to divest its respiratory health business, including BALLARD, MICROCUFF, and endOclear product lines, to SunMed, a North American manufacturer and distributor of consumable medical devices. The deal also includes two Avanos manufacturing facilities in Mexico and R&D expertise. The transaction is expected to be completed by late 2023.

Portfolio Pulse from Nabaparna Bhattacharya

June 08, 2023 | 2:10 pm

DHC

OPI

Flat Footed LLC (FFL), a top shareholder of Diversified Healthcare Trust (DHC), filed a preliminary proxy statement opposing DHC's proposed merger with Office Properties Income Trust (OPI). FFL believes the merger undervalues DHC and benefits the external manager, RMR Group, at the expense of DHC shareholders.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 1:32 pm