Streetbeat News

Acquisitions Mergers

DM

SSYS

Stratasys and Desktop Metal have agreed to combine in a $1.8 billion all-stock transaction. The merged company is expected to generate $1.1 billion in revenue by 2025, with a total addressable market of over $100 billion by 2032.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 9:32 am

CNNA

Cann American Corp. (OTCPK: CNNA) has completed its acquisition of Liberty Health Plus, now rebranded as Prodigy Health Plus. The company also announced the appointment of Michael Kramer, founder of Liberty Health Plus, to its board of directors. Prodigy Health Plus collaborates with Careington International Corporation to provide accessible and cost-effective access to a range of nationally recognized products, including DialCare services and Liberty Health Plus RX.

Portfolio Pulse from Joana Scopel

May 24, 2023 | 10:56 pm

FGMC

FGMC Merger Corp. has announced its intention to extend the deadline to complete a business combination to September 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 9:13 pm

CWEN

Clearway Energy (CWEN) announced that on May 19, Cedar Creek Wind Holdco entered into a Membership Interest Purchase Agreement with Renew Development Holdco, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:40 pm

DRI

FCPT

FCPT has entered an agreement to acquire up to 14 Darden Restaurant properties for $85 million, with the transaction expected to close in Q3 2023. The properties are spread across Tennessee, Indiana, Kentucky, and Ohio, and each has a triple net lease with a Darden corporate guaranty and 1.5% annual rent increases.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:19 pm

SNOW

Snowflake has acquired search company Neeva to enhance search capabilities in the Data Cloud using generative AI. Neeva's technology will be integrated across the Data Cloud, benefiting customers, partners, and developers. The acquisition brings in experienced team members from Neeva.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 8:15 pm

KBNT

Kubient and Adomni have announced a definitive merger agreement, under which Kubient will acquire 100% of the outstanding equity interests in Adomni. The merger is subject to approval from both companies' stockholders and customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:15 pm

KBNT

Kubient is set to acquire 100% of Adomni's outstanding equity interests through a reverse triangular merger, with Adomni becoming a wholly-owned subsidiary of Kubient. Post-merger, Kubient is expected to change its name to Adomni, Inc.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:14 pm

DM

SSYS

Stratasys is reportedly in talks to acquire 3D printer company Desktop Metal.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:04 pm

LLY

PFE

ZURA

Raymond James initiated coverage on Zura Bio Limited (NASDAQ:ZURA) with a Strong Buy rating and a $20 price target. Zura has three clinical-stage inflammation & immunology drugs in development, licensed from Pfizer Inc (NYSE:PFE) and Eli Lilly And Co (NYSE:LLY). Zura Bio recently merged with JATT Acquisition Corp, raising $65 million in gross cash proceeds.

Portfolio Pulse from Vandana Singh

May 24, 2023 | 6:42 pm