Streetbeat News

Acquisitions Mergers

GRAMF

Geronimo Capital founder and TPCO Holding Corp. shareholder George Allen has expressed concerns over the all-stock merger between TPCO (OTCQX:GRAMF) and Gold Flora, stating that the deal is not in the best interest of TPCO shareholders. Allen believes the transaction will trigger change-in-control, causing a windfall of cash and stock awards for management, and questions whether the board and management are acting in the best interest of shareholders.

Portfolio Pulse from Vuk Zdinjak

June 05, 2023 | 4:15 pm

CWBR

CohBar Inc (NASDAQ:CWBR) and Morphogenesis Inc announced positive initial results from an exploratory analysis of their personalized cancer vaccine candidate, IFx-Hu2.0, for Advanced Merkel Cell Carcinoma (MCC) and Cutaneous Squamous Cell Carcinoma (cSCC) patients. The ongoing Phase 1b study showed 71% of patients experienced objective anti-tumor responses to ICI rechallenge.

Portfolio Pulse from Vandana Singh

June 05, 2023 | 4:10 pm

RTX

Safran is in discussions with Raytheon Technologies (RTX) for a potential acquisition of certain flight control and actuation activities. However, it is not possible to evaluate the chances of reaching an agreement at this stage.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 3:48 pm

KTTA

Pasithea Therapeutics shares are trading higher after Lucy Scientific Discovery proposed to acquire the company for $0.60 per share in cash and $0.25 per share in Lucy stock.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 3:24 pm

B

Barnes Group Inc (NYSE:B) has agreed to acquire MB Aerospace for $740 million, its largest acquisition ever. MB Aerospace offers precision aero-engine component manufacturing and repair services. The acquisition is expected to close in Q4 2023, and Barnes expects revenue growth, adjusted operating margin, and adjusted EPS accretion in 2024 from the deal.

Portfolio Pulse from Lekha Gupta

June 05, 2023 | 3:22 pm

BWMN

Bowman Consulting Group (NASDAQ:BWMN) has acquired MTX Surveying, a geospatial, land survey, and project management company. The deal is expected to be immediately accretive and contribute approximately $9 million of annualized net service billing.

Portfolio Pulse from Akanksha Bakshi

June 05, 2023 | 2:41 pm

AAPL

ILMN

JPM

SONY

Apple is set to debut its VR headset at its annual developer conference, while US regulators plan to enforce stricter capital requirements for large banks. Grail's software error causes cancer misdiagnosis, potentially impacting Illumina's acquisition plans. Sony explores AI for cloud gaming, and JPMorgan employs blockchain for interbank transactions in India.

Portfolio Pulse from Vandana Singh

June 05, 2023 | 1:45 pm

AMED

Amedisys shares are trading higher after receiving an unsolicited proposal from Optum for $100 per share.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 1:43 pm

HOUS

HomeServices of America has increased its ownership stake in Title Resources Group, a leading provider of title insurance and settlement services. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 1:43 pm

ENTG

ESI

Entegris has terminated its distribution deal with MacDermid Alpha Electronics Solutions, a unit of Element Solutions, in exchange for $200 million. Entegris received $170 million at closing, with the remainder to be paid after the transitionary period. The company plans to use the proceeds for debt repayment.

Portfolio Pulse from Lekha Gupta

June 05, 2023 | 1:26 pm