Streetbeat News

Acquisitions Mergers

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

MEIP

Anson Funds Management has proposed to acquire all outstanding shares of MEI Pharma not already held by their respective funds for not less than $8.00/share, plus a CVR.

Portfolio Pulse from Charles Gross

May 30, 2023 | 9:21 pm

CCO

Clear Channel Outdoor (CCO) has entered agreements to sell its businesses in Italy and Spain to subsidiaries of JCDecaux SE for a total of $80.5 million. The company plans to use the net proceeds to improve liquidity and increase financial flexibility, subject to debt agreement limitations.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 9:08 pm

MERC

Mercer has received Bankruptcy Court approval to acquire substantially all assets of Structurlam Mass Timber Corporation and its subsidiaries for $81.1 million, including production facilities in Arkansas and British Columbia. The transaction is subject to customary conditions and is expected to be completed shortly.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 9:03 pm

LL

LL Flooring has received a $5.76 per share unsolicited, non-binding proposal from Cabinets To Go, a subsidiary of F9 Brands. The LL Flooring Board of Directors will review and consider the proposal in the context of the company's strategic plan.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 9:01 pm

UCBI

United Community Banks (UCBI) has received regulatory approval from the FDIC, Federal Reserve Bank of Richmond, and the South Carolina Board of Financial Institutions for its acquisition of First Miami Bancorp and its subsidiary, First National Bank of South Miami. The merger is expected to be completed on July 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:32 pm

KODK

Eastman Kodak has acquired Graphic Systems Services Inc, a provider of printing equipment and services. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:23 pm

GLNCY

OR

Osisko Gold Royalties' subsidiary Osisko Bermuda Limited and Glencore have received approval from the Australian Foreign Investment Review Board for their investment in Metals Acquisition Corporation, as part of the proposed acquisition of the CSA Copper Mine.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:18 pm

BRMK

RC

Broadmark Realty Capital's stockholders have approved the merger with Ready Capital Corporation. The merger is expected to close pre-market open on May 31, 2023. As a result, each share of Broadmark common stock will be converted into 0.47233 shares of Ready Capital common stock.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 8:11 pm

LL

LL Flooring founder Tom Sullivan has made an offer to acquire the retailer, according to a Reuters report. The details of the offer have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:09 pm