Streetbeat News

Acquisitions Mergers

CAPR

Capricor Therapeutics announced it will receive a $15 million equity investment at a 20% premium and a $20 million upfront payment upon signing a definitive agreement, with potential milestones up to $715 million.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:05 pm

WDAY

Workday, Inc. (NASDAQ:WDAY) has signed a definitive agreement to acquire Evisort, an AI-native document intelligence platform. This acquisition aims to enhance Workday's finance and HR solutions by integrating AI-powered document intelligence, enabling customers to extract critical insights from unstructured data more efficiently.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:04 pm

FOXO

FOXO Technologies has completed the acquisition of revenue-generating operations from Rennova Health, including Scott County Community Hospital. This acquisition is expected to boost FOXO's annual revenue to over $20 million, with potential to exceed $50 million in the next 24 months.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:04 pm

CLSK

CleanSpark Inc. has acquired two Bitcoin mining sites in Mississippi for $5.775 million, adding 16.5 MW to its capacity. The sites will be operational by December 2024, increasing CleanSpark's data center portfolio in Mississippi to 60.5 MW.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:03 pm

BOOM

DMC Global shares rise as Steel Connect reiterates its acquisition proposal at $16.50 per share.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:01 pm

AMZN

INTC

TRFK

TSM

WISE

Intel Corp (NASDAQ:INTC) stock rose after CEO Pat Gelsinger announced a restructuring plan, including a multi-billion-dollar chipmaking deal with Amazon and a U.S. semiconductor grant. Intel plans to convert its foundry business into an independent unit and explore a spinoff. The company also secured $3 billion in funding under the CHIPS Act and will produce AI chips for Amazon. Intel's stock has dropped 45% in the past year due to challenges in capitalizing on AI trends.

Portfolio Pulse from Anusuya Lahiri

September 17, 2024 | 12:47 pm

BOOM

Steel Connect has proposed to acquire DMC Global for $16.50 per share, a 51% premium over its current share price. Steel owns 9.8% of DMC and is open to acquiring DMC's DynaEnergetics and NobelClad businesses.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:38 pm

VVPR

VivoPower shares rise following the announcement of a merger agreement with Future Automotive Solutions and Technologies.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:37 pm

VVPR

VivoPower International PLC (VVPR) has announced a strategic merger heads of agreement with Future Automotive Solutions and Technologies Inc. (FAST), valuing the combined entity at $1.13 billion. VivoPower will issue 5.72 million restricted shares at $101 per share to FAST shareholders, with VivoPower shareholders owning 49% of the new entity. The merger is non-binding and subject to various conditions, including a business combination with Cactus Acquisition Corp. 1 Limited (CCTS) and a fairness opinion.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:36 pm

FLUT

Flutter Entertainment is acquiring Snaitech for €2.3 billion to strengthen its position in Italy's online betting market. The acquisition is expected to close by Q2 2025 and be immediately accretive to earnings. Flutter aims for a 30% market share in Italy post-acquisition.

Portfolio Pulse from Lekha Gupta

September 17, 2024 | 12:27 pm