Streetbeat News

Acquisitions Mergers

E

Italy's Eni is in exclusive talks to acquire private equity-backed oil and gas producer Neptune Energy, according to Reuters sources.

Portfolio Pulse from Charles Gross

June 06, 2023 | 11:33 am

EU

enCore Energy has entered a definitive agreement to sell the Marquez-Juan Tafoya Uranium Project for C$5 in cash and 185 million common shares. The deal is expected to close in Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 11:09 am

BBBYQ

OSTK

Bed Bath & Beyond is in talks to sell its baby gear unit Buybuy Baby to Go Global Retail, with Babylist and Overstock.com also showing interest in the company's assets. Bed Bath & Beyond filed for bankruptcy in April, but Buybuy Baby has performed better comparatively.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 10:44 am

BOCN

TNL Mediagene, an Asian digital-media company, has agreed to merge with Blue Ocean Acquisition Corp, a SPAC, in a deal that values TNL Mediagene at $275 million. The transaction is expected to close in Q1 2024, resulting in TNL Mediagene becoming a publicly traded company on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 10:33 am

CS

UBS

UBS Group expects to complete its transaction with Credit Suisse in Q2 of 2023, assuming all conditions are met or waived. However, the actual completion date or whether the deal will be completed at all remains uncertain.

Portfolio Pulse from Charles Gross

June 06, 2023 | 10:29 am

BX

RHP

Ryman Hospitality Properties (RHP) has agreed to acquire JW Marriott San Antonio Hill Country Resort & Spa for $800 million from Blackstone's subsidiary, BREIT. The acquisition is expected to be completed in Q2 or Q3 2023. RHP has commenced a public offering of 3.50 million shares to fund a portion of the purchase price.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 10:23 am

KTTA

LSDI

Lucy Scientific Discovery (NASDAQ:LSDI) has proposed to acquire Pasithea Therapeutics Corp. (NASDAQ:KTTA) at a 142% premium, offering $0.60 in cash and $0.25 in Lucy stock for each Pasithea share. Pasithea's stock price has recently increased, and Lucy plans to explore strategic options for Pasithea's clinical development program.

Portfolio Pulse from Lara Goldstein

June 05, 2023 | 10:01 pm

LSDI

WSNAF

Richard Nanula, CEO of Lucy Scientific (NASDAQ:LSDI), discusses his career and the company's focus on the psychedelic industry. Lucy Scientific has diversified its portfolio, acquiring drug developer Wesana Health Holdings (OTC:WSNAF) and partnering with High Times. Nanula emphasizes adaptability and readiness to confront new business frontiers.

Portfolio Pulse from Benzinga Cannabis

June 05, 2023 | 9:59 pm

RHP

Ryman Hospitality Properties plans to offer 3.50 million shares of common stock to fund a portion of the $800 million purchase price for the acquisition of JW Marriott San Antonio Hill Country Resort & Spa.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 9:31 pm

BBBYQ

OSTK

Bed Bath & Beyond is reportedly in talks to sell its Buybuy Baby unit to the owner of Janie and Jack, and is also in discussions with Overstock.com.

Portfolio Pulse from Charles Gross

June 05, 2023 | 9:27 pm