Streetbeat News

Acquisitions Mergers

ATAC

SeqLL Inc. has entered a definitive merger agreement with Lyneer Staffing Solutions and Atlantic Acquisition Corp. SeqLL will pay $60 million in cash to Lyneer members and issue 159,866,898 shares of its common stock for all membership interests of Lyneer.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 12:33 pm

JBT

OSK

John Bean Technologies (JBT) has agreed to sell its AeroTech business to Oshkosh Corporation (OSK) for $800 million in an all-cash transaction. JBT plans to use the proceeds for debt repayment and FoodTech growth. The deal is expected to close in Q3 2023.

Portfolio Pulse from Shivani Kumaresan

May 30, 2023 | 12:22 pm

DM

SSYS

Desktop Metal, Inc. (NYSE:DM) has adopted a limited duration shareholder rights plan, set to expire on the earlier of July 24, 2024, or the effective date of the merger between Desktop Metal and Stratasys Ltd. (NASDAQ:SSYS). The plan aims to maximize shareholder value and ensure fair treatment of all shareholders.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 12:10 pm

CWBR

Morphogenesis and CohBar have announced the acceptance of an abstract for a poster presentation at the 2023 ASCO Meeting. The companies recently entered into a definitive merger agreement for an all-stock transaction to form TuHURA Biosciences, Inc., which will trade on Nasdaq. The transaction is expected to close in Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 12:07 pm

CGC

Canopy Growth Corporation (NASDAQ: CGC) will acquire a 20% stake in Indiva Limited for $2.2 million, granting Canopy Growth exclusive rights to manufacture, distribute, and sell Wana-branded products in Canada.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 11:47 am

AAIC

EFC

Ellington Financial will acquire Arlington Asset Investment in a definitive merger agreement. The deal implies a 73% premium to Arlington's share price on May 26, 2023, and a 15% discount to diluted tangible book value per share as of March 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 11:14 am

AVIR

Atea Pharmaceuticals' Board unanimously rejected an unsolicited proposal from Tang Capital Partners' affiliate, Concentra Biosciences, to acquire all outstanding common shares of Atea for $5.75 per share in cash, plus a contingent value right. The Board believes the proposal undervalues the company.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 11:11 am

GRNA

GreenLight Biosciences has entered into an agreement to be acquired by a consortium led by Fall Line Endurance Fund in an all-cash transaction valued at $45.5 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 11:03 am

JBT

OSK

Oshkosh Corporation is set to acquire the AeroTech business from JBT Corporation for a purchase price of $800 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 11:01 am

RWOD

ANEW MEDICAL has entered a definitive merger agreement with SPAC company Redwoods Acquisition, valuing the combined company at $94 million. The transaction is expected to provide $54 million in cash proceeds and the combined company will operate as ANEW MEDICAL, remaining listed on NASDAQ.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 10:05 am