Streetbeat News

Acquisitions Mergers

PFE

SGEN

Seagen Inc. (NASDAQ:SGEN) stockholders have approved the acquisition by Pfizer for $229 per share in cash. The acquisition is expected to close in late 2023 or early 2024, subject to regulatory approvals and customary closing conditions.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 7:23 pm

AAIC

AI

KC

US stocks traded mixed with the Dow Jones dropping over 100 points, while NASDAQ rose 0.14% and the S&P 500 fell 0.15%. Information technology shares rose by 0.7%, with Kingsoft Cloud Holdings Limited (KC) and C3.ai, Inc. (AI) as top gainers. Arlington Asset Investment Corp. (AAIC) shares shot up 47% after Ellington Financial announced plans to acquire the company.

Portfolio Pulse from Lisa Levin

May 30, 2023 | 6:50 pm

CPB

Campbell Soup Company (NYSE:CPB) has sold its Emerald Nuts business to Flagstone Foods for undisclosed terms. The unit generated net sales of $66 million in fiscal 2022 and $46 million for the nine months ended April 30, 2023. The transaction is expected to be dilutive to earnings per share by approximately $0.01 in fiscal 2024, but not have a material impact on fiscal 2023 financial results.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2023 | 4:41 pm

AVIR

Atea Pharmaceuticals rejected an unsolicited proposal from Tang Capital Partners on behalf of Concerta Biosciences, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 4:35 pm

ACN

Accenture announced its intention to acquire Green Domus, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 4:28 pm

AAIC

AI

LWLG

Crude oil prices fell 4% while US stocks traded mixed, with the Dow Jones dropping over 100 points and NASDAQ rising 0.73%. Arlington Asset Investment shares spiked 49% after Ellington Financial announced plans to acquire the company. Information technology shares rose by 1.4%, with Lightwave Logic and C3.ai as top gainers.

Portfolio Pulse from Lisa Levin

May 30, 2023 | 4:00 pm

TARO

Sun Pharmaceutical is considering making a proposal to acquire all outstanding ordinary shares of Taro Pharmaceuticals, causing Taro's shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 3:41 pm

JBT

OSK

Oshkosh (NYSE:OSK) has announced the acquisition of John Bean Techs (NYSE:JBT) for $800 million in cash, expected to be completed in Q3 of 2023.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 3:26 pm

SQL

SeqLL announces a definitive merger agreement with Lyneer Investments and Atlantic Acquisition Corp, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 3:19 pm

SIEB

Siebert Financial Corp. (NASDAQ:SIEB) announces the appointment of John J. Gebbia as Chairman and CEO, Simon Shin's appointment to Siebert's Board of Directors, and the close of Kakao Pay's $17.4 million investment in Siebert on May 18, 2023.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 3:15 pm