Streetbeat News

Acquisitions Mergers

PGSS

SCHMID Group, a leading provider of energy storage solutions, will go public on the NYSE through a business combination with Pegasus Digital Mobility Acquisition Corp. (PGSS).

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:17 pm

BOWL

Bowlero Corp. has announced its acquisition of Lucky Strike for $90 million in cash. The deal is expected to strengthen Bowlero's position in the entertainment and bowling industry.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:03 pm

VERI

Veritone is set to acquire Broadbean for $52 million in cash. The acquisition is expected to generate annualized SaaS revenues of over $35 million.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:03 pm

KXIN

Kaixin Auto Holdings is making continued progress on the acquisition of Morning Star Auto. Morning Star's factory in Henan, China is operating at full capacity due to the relief of the pandemic and the full recovery of the Chinese economy.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 11:08 am

KKR

KKR has acquired industrial warehouses in Phoenix and Atlanta for an aggregate purchase price of $250 million. The properties are strategically located near major transportation nodes, including Interstate Highway 10, Arizona State Route 101, CSX Fairburn Intermodal Terminal, and the Atlanta airport.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 11:06 am

POR

Portland General Electric (POR) has agreed to acquire Evergreen Bess, a 75-MW facility in Oregon, with an investment of approximately $150 million.

Portfolio Pulse from Charles Gross

May 31, 2023 | 10:41 am

CG

Carlyle (NASDAQ:CG) has agreed to acquire Meopta Optika, a manufacturer of optical, opto-mechanical, and opto-electronic solutions. The terms of the transaction were not disclosed.

Portfolio Pulse from Charles Gross

May 31, 2023 | 9:04 am

CS

FXI

UBS

Credit Suisse has dropped plans to set up a locally incorporated bank in China to avoid potential regulatory issues related to its merger with UBS.

Portfolio Pulse from Charles Gross

May 31, 2023 | 8:57 am

VCIG

VCI Global Limited (NASDAQ:VCIG) announced it will acquire a $1.5 million stake in GlobexUS Holdings Corp, subscribing for 500 new shares at $3,000 per share, expanding its business into the digital asset market.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 7:22 am

MEIP

MEI Pharma has received an unsolicited acquisition proposal from a group represented by Anson Advisors Inc. and Cable Car Capital LLC, offering at least $8.00 per share in cash, plus a contingent value right for 80% of net proceeds from any license or disposition of the company's clinical assets.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 9:42 pm