Streetbeat News

Acquisitions Mergers

CS

UBS

UBS Group AG expects to complete the acquisition of Credit Suisse Group AG by June 12, 2023. The deal is subject to SEC approval and other conditions. Credit Suisse shareholders will receive one UBS share for every 22.48 shares they own, and Credit Suisse shares will be delisted from the SIX Swiss Exchange and the NYSE.

Portfolio Pulse from Lekha Gupta

June 05, 2023 | 9:41 am

PZZA

Papa John's International Inc (NASDAQ:PZZA) has acquired the M25 division of Drake Food Service International's restaurants in the UK. The deal will establish a portfolio of 91 company-owned restaurants across London and other parts of the UK, with about 1,000 employees transitioning to Papa John's.

Portfolio Pulse from Shivani Kumaresan

June 05, 2023 | 9:35 am

NVO

Novo Nordisk is in exclusive negotiations with BIO JAG to acquire a controlling stake in Biocorp, representing 45.3% of its share capital and 62.2% of its theoretical voting rights, at a price of 35.00 Euros per share.

Portfolio Pulse from Charles Gross

June 05, 2023 | 9:11 am

PZZA

Papa John's has acquired 91 restaurant locations in the UK previously operated by the M25 Division of Drake Food Service. The company plans to implement operating model enhancements to improve sales and profitability.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 9:03 am

JUPW

Jupiter Wellness announced on May 20 that it has entered into an agreement with SRM Entertainment to exchange all of the capital stock of 'SRM Entertainment Ltd' for 6.5 million shares of SRM.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 8:30 pm

ATVI

MSFT

Microsoft's President Brad Smith is set to discuss the Activision deal ban with UK Chancellor Hunt, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 6:26 pm

EBF

Ennis, Inc. (NYSE: EBF) has acquired the operating assets of UMC Print, a leading trade-only printer and provider of commercial printing services. The acquisition is expected to drive growth with distributor partners and expand capabilities.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:41 pm

UHAL

U-Haul plans to build a new retail, moving, and self-storage center in Bowling Green, Kentucky by May 2025. The facility will include over 750 indoor climate-controlled self-storage rooms, truck and trailer rentals, and other services. This will be the third U-Haul-owned store in Bowling Green, and the company plans to hire at least 14 local team members.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:26 pm

CLOE

DGLY

Digital Ally's subsidiary, Kustom Entertainment, has entered into a $125 million merger agreement with SPAC Clover Leaf Capital Corp. The combined company will focus on live events and concert production, with Digital Ally remaining an independent public company.

Portfolio Pulse from Akanksha Bakshi

June 02, 2023 | 3:17 pm

MMV

MultiMetaVerse Holdings Ltd (NASDAQ:MMV) shares are soaring after the announcement of an agreement to acquire a 72.81% equity interest in Taomee. The acquisition will significantly boost MMV's IP portfolio through the addition of Taomee's three signature IP brands.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 2:42 pm