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Acquisitions Mergers

AMZN

PEP

TGT

WMT

Target Corp has appointed Jim Lee, a veteran from PepsiCo, as its new CFO. This strategic hire comes as Target prepares for the holiday season, aiming to hire 100,000 seasonal workers. The company has also revised its 2024 EPS outlook upwards, supported by a strong Q2 performance.

Portfolio Pulse from Anusuya Lahiri

September 19, 2024 | 11:55 am

PBM

Psyence Biomedical has agreed to acquire an 11.13% stake in PsyLabs from Psyence Group for $1.1 million, issuing shares at $0.55 each.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 11:33 am

NIO

Chinese EV maker Nio Inc. is considering acquiring Audi's car plant in Brussels as part of its European expansion strategy. This move could help Nio avoid high tariffs on EV imports from China, as the European Commission plans to impose tariffs of up to 35.3% on such imports.

Portfolio Pulse from Anan Ashraf

September 19, 2024 | 11:09 am

KN

Knowles Corporation has agreed to sell its Consumer MEMS Microphones business to Syntiant for $150 million. The deal includes $70 million in cash and $80 million in Syntiant preferred stock. Knowles plans to use the cash proceeds to reduce debt and repurchase its own stock.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 10:56 am

SGN

Signing Day Sports has signed a binding term sheet to acquire 95-99% of shares of Dear Cashmere Group Holding Company, known as Swifty Global, in an all-stock deal. This marks the beginning of their growth strategy in the sports and casino technology industry.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 10:32 am

LODE

Comstock has announced progress in its SBCC transactions, additional convertible debt financing of $3.5M, and new revenue contracts for its solar panel recycling business. The company also revealed an international equity partnership and a term sheet for $325M in funding.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 10:02 am

BELFA

Bel Fuse is acquiring an 80% stake in Enercon Technologies for $320 million, significantly increasing its aerospace and defense market exposure. The acquisition is expected to enhance Bel's earnings and margins, with a positive impact on its financial leverage.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 6:59 am

VSTO

Vista Outdoor's board is committed to maximizing the value of Revelyst, including a potential sale, and urges stockholders to vote for the CSG transaction to enhance the value of The Kinetic Group.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 6:41 am

GFR

Greenfire Resources has appointed an interim chairman and adopted a shareholder rights plan following an acquisition agreement with Waterous Energy Fund.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 6:35 am

ADXN

Addex Therapeutics reported a net profit of CHF 9.8 million for H1 2024, a significant turnaround from a CHF 5.1 million loss in H1 2023. This improvement is attributed to the sale of part of its business to Neurosterix Pharma, resulting in CHF 5.0 million in cash and a 20% equity interest in Neurosterix US holdings LLC valued at CHF 9.4 million.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:49 am