Streetbeat News

Acquisitions Mergers

APGN

Apexigen's shares are trading higher after Pyxis Oncology announced its plans to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:36 pm

AMZN

CSCO

HCA

CNBC's 'Halftime Report Final Trades' featured analysts discussing HCA Healthcare's acquisition of 41 urgent care centers from FastMed, Cisco Systems' better-than-expected Q3 earnings, and Amazon's support for small and medium-sized businesses in the US. HCA, Cisco, and Amazon stocks were mentioned.

Portfolio Pulse from Priya Nigam

May 24, 2023 | 12:30 pm

GNL

Global Net Lease (GNL) shares are trading lower after the company announced a merger agreement with The Necessity Retail REIT.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:29 pm

RTL

Necessity Retail REIT shares are trading higher following the announcement of a merger agreement with Global Net Lease.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:26 pm

CCHWF

CRLBF

Cresco Labs reported Q1 2023 revenue of $194 million, a 9.4% decrease YoY, with adjusted EBITDA of $29 million, down from $51 million in Q1 2022. The company is working on acquiring Columbia Care, but there is no update on the timing for execution of agreements relating to outstanding divestiture transactions.

Portfolio Pulse from Vuk Zdinjak

May 24, 2023 | 12:05 pm

HI

Hillenbrand Inc. (HI) has announced plans to acquire the Schenck Process Food and Performance Materials business for $730 million, expanding its presence in the food and performance materials sectors.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 11:37 am

CHH

WH

Choice Hotels International (NYSE:CHH) is reportedly considering acquiring Wyndham Hotels & Resorts (NYSE:WH). The deal, if approved, would create one of the largest budget hotel owners in the U.S. Both companies are valued at under $6 billion each.

Portfolio Pulse from Shivani Kumaresan

May 24, 2023 | 11:26 am

APGN

PYXS

Pyxis Oncology is set to acquire Apexigen in an all-stock transaction, valuing Apexigen shares at $0.64 each.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 10:48 am

GNL

RTL

Global Net Lease Inc. (GNL) and The Necessity Retail REIT Inc. (RTL) announced a definitive merger agreement, with GNL acquiring RTL in an all-stock transaction. The combined entity will become internally managed and have an aggregate real estate asset value of approximately $9.6 billion.

Portfolio Pulse from Charles Gross

May 24, 2023 | 9:40 am

JKS

JinkoSolar's subsidiary Jiangxi Jinko has signed an equity transfer agreement to sell its 100% equity interest in Xinjiang Jinko for RMB4.3 billion. The disposal is expected to reduce operational costs, improve production efficiency, and optimize facility mix.

Portfolio Pulse from Charles Gross

May 24, 2023 | 9:02 am