Streetbeat News

Acquisitions Mergers

BUD

CLBR

TGT

Colombier Acquisition Corp., a SPAC, has agreed to merge with PublicSq, an online marketplace for companies in the 'patriot economy.' The deal comes as anti-LGBTQ activists have impacted stock prices for companies like Anheuser-Busch InBev and Target. PublicSq claims a 30% month-over-month user growth rate and a 19% month-over-month business growth rate.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 3:29 pm

BOWL

Bowlero Corp (NYSE:BOWL) has agreed to acquire Lucky Strike Entertainment LLC for $90 million in an all-cash transaction. The acquisition will add 14 upscale bowling centers across nine states to Bowlero's portfolio, increasing its national footprint to 343 centers in 35 states.

Portfolio Pulse from Shivani Kumaresan

May 31, 2023 | 1:29 pm

VSAT

Viasat Inc has completed the acquisition of mobile satellite communications services provider Inmarsat for $551 million in cash and 46.36 million common shares. The cash portion was reduced from $850 million after Inmarsat paid a special dividend of $299 million in April 2022.

Portfolio Pulse from Lekha Gupta

May 31, 2023 | 1:22 pm

TECK

Teck Resources shares are trading higher after a Bloomberg report indicated that Glencore is working on increasing its offering for Teck.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 1:04 pm

TECK

Glencore is reportedly preparing a sweetened bid for Teck Resources to break the ongoing deadlock, according to a Bloomberg report.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:59 pm

BREA

Brera Holdings has acquired First Division European Football Club Akademija Pandev and plans to finance its growth. BREA may be mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:52 pm

JEWL

MRKR

TRVN

Marker Therapeutics reports pre-clinical data of MT-601 in lymphoma cells, Adamas One acquires a minority stake in NexGenAI Solutions Group, and Trevena receives a milestone payment from Jiangsu Nhwa Pharmaceutical.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:50 pm

SOPA

Society Pass Thoughtful Media Group has acquired Newave Strategic, a digital marketing agency. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:37 pm

JEWL

Adamas One has acquired a minority equity stake in NexGenAI Solutions Group, Inc., a company specializing in artificial intelligence and machine learning technologies.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:35 pm

CS

UBS

Credit Suisse (NYSE:CS) has scrapped plans to set up a locally incorporated bank in China due to potential regulatory conflicts arising from its merger with UBS Group (NYSE:UBS). The move could impact the banks' ability to expand their onshore wealth management business and presence in China.

Portfolio Pulse from Akanksha Bakshi

May 31, 2023 | 12:31 pm