Streetbeat News

Acquisitions Mergers

DECA

SCLX

Scilex subsidiary Semnur Pharmaceuticals and Denali Capital Acquisition Corp. have signed a merger agreement, valuing Semnur at $2.5 billion pre-transaction.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:08 pm

BX

LBO

PSP

Blackstone Inc. (NYSE:BX) shares are trading slightly lower premarket after announcing a deal to acquire an 80% stake in Burstone Group's Pan-European Logistics platform for €1.022 billion. The transaction is subject to regulatory and shareholder approvals. Blackstone is also reportedly close to acquiring AirTrunk, a data center company, for A$20 billion. BX shares are down 0.60% premarket.

Portfolio Pulse from Lekha Gupta

September 03, 2024 | 1:07 pm

VLD

Velo3D has announced that the National Institute for Aviation Research has purchased a Sapphire 1MZ printer. This acquisition highlights the growing interest and application of Velo3D's advanced 3D printing technology in the aviation sector.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:02 pm

LKFN

Lake City Bank has acquired a 35,600 square foot office building, though the terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:00 pm

DYCQ

DT Cloud Acquisition has signed a Letter of Intent to acquire 100% of Shanghai Maius Pharmaceutical Technology's outstanding equity and equity equivalents or all of its business.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:43 pm

WFRD

Weatherford International has acquired Datagration, a company specializing in data management solutions for the oil and gas industry. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:38 pm

FXNC

First National Corporation and Touchstone Bankshares, Inc. have received shareholder approvals for their merger. This development is a significant step forward in the merger process between the two companies.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:38 pm

BTTR

Better Choice Company is set to acquire SRx Health in an all-stock transaction valued at approximately $125 million. Post-acquisition, SRx's founders, management, board, and insiders will own over 75% of the combined company, while Better Choice shareholders will hold 15%.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:32 pm

PWUP

PowerUp Acquisition Corp. and Aspire Biopharma have entered into a business combination agreement, valuing Aspire at a pre-money equity value of approximately $316 million.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:26 pm

SGRP

SPAR Group shares surged after announcing a definitive agreement to be acquired by Highwire Capital for $2.50 per share.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:22 pm