Streetbeat News

Acquisitions Mergers

SPI

SPI Energy has signed an agreement to sell an 18.25MW community solar portfolio in Oregon to Luminace, the North American decarbonization-as-a-service platform of Brookfield Renewable. Luminace has an operational and development portfolio of over 4,000 megawatts of distributed energy resources.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:30 am

GRWG

GrowGeneration Corp. (NASDAQ:GRWG) has acquired Southside Garden Supply in Alaska, marking its expansion into the 18th state. The acquisition strengthens GrowGen's retail footprint and commitment to providing high-quality products and exceptional service. GrowGen recently reported Q1 revenue of $56.8 million.

Portfolio Pulse from Joana Scopel

May 23, 2023 | 11:51 pm

GOOGL

MSFT

TSLA

Elon Musk expressed optimism towards Twitter's $44 billion acquisition and its potential for a comeback, emphasizing an overhaul in advertising relevancy. He also discussed the broader integration of the X app, combining messaging, finance, and other services. Musk addressed space travel, cryptocurrency, and the global AI race, giving the US the lead, followed by China and Europe.

Portfolio Pulse from AJ Fabino

May 23, 2023 | 9:31 pm

BRLI

Brilliant Acquisition Corporation (BRLI) has announced an extension of its completion window to June 23, 2023.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 8:23 pm

AVIR

Atea Pharmaceuticals has received 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 80% payable from any license or disposition of Atea's programs. Atea's Board of Directors will carefully review and evaluate the proposal.

Portfolio Pulse from Happy Mohamed

May 23, 2023 | 8:14 pm

AVIR

Atea Pharmaceuticals has received an unsolicited proposal from Tang Capital Partners' affiliate, Concentra Biosciences, to acquire the company for $5.75 per share in cash plus a contingent value right (CVR).

Portfolio Pulse from Bill Haddad

May 23, 2023 | 8:13 pm

CHH

WH

Wyndham Hotels & Resorts (NYSE: WH) shares are up on rumors that Choice Hotels (NYSE: CHH) is considering acquiring the company. The deal could result in one of the biggest budget hotel owners in the US. However, the companies are not in serious talks and there's no indication Wyndham is interested.

Portfolio Pulse from Ryan Gustafson

May 23, 2023 | 7:54 pm

GHL

MFG

JMP Securities analyst Devin Ryan downgraded Greenhill & Co Inc (GHL) to Market Perform from Market Outperform after the announcement of its acquisition by Mizuho Financial Group Inc (MFG) for $15 per share. The deal, valued at $550 million, is expected to close by year-end. Ryan sees the deal price as fair and estimates revenues of $293.9 million and EPS of $0.45 in 2023, and $355.5 million and $2.15 in 2024.

Portfolio Pulse from Lekha Gupta

May 23, 2023 | 7:15 pm

BACK

Cancer diagnostic firm Theralink Technologies is set to merge with IMAC Holdings (NASDAQ:BACK) in a stock-for-stock reverse merger transaction. The combined company will focus on end-to-end proteomics testing. The merger is expected to close by late Q3 or early Q4 of 2023.

Portfolio Pulse from Vandana Singh

May 23, 2023 | 6:44 pm