Streetbeat News

Acquisitions Mergers

TCJH

Top Kingwin has established a new subsidiary, Shenzhen Tomorrow Innovation, to focus on developing advanced AI hardware supply chains and intelligent systems. This move aims to accelerate digital transformation for enterprises.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:05 pm

UFPT

UFP Technologies, Inc. (NASDAQ:UFPT) has acquired AQF Medical, a company specializing in custom-engineered foam and thermoplastic components for medical devices and packaging. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:01 pm

NVS

Siemens Healthineers is acquiring Novartis' diagnostics arm for $223.5 million to enhance its cancer treatment capabilities, particularly in PET scans. This acquisition will expand Siemens' PET radiopharmaceuticals business into Europe, strengthening its market position. Novartis views the sale as a divestiture of a low-growth segment.

Portfolio Pulse from Vandana Singh

August 26, 2024 | 12:54 pm

FOUR

Shift4 Payments, Inc. is set to acquire Givex Corp. for CAD$200 million, offering a 64% premium on Givex's 20-day VWAP. The all-cash transaction has been approved by Givex's board and major shareholders.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:33 pm

MRM

PDD

PWM

MEDIROM MOTHER Labs partners with NFES Technologies, boosting MRM shares by 206%. PDD Holdings reports a Q2 revenue miss, causing a 17% drop in shares. Prestige Wealth announces acquisition of SPW Global, leading to a 144% increase in PWM shares.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:09 pm

DM

NNDM

Nano Dimension has cleared a significant antitrust milestone for its acquisition of Desktop Metal, with the deal expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:06 pm

MCK

McKesson has signed a definitive agreement to acquire a 70% controlling interest in Core Ventures for approximately $2.49 billion in cash. This acquisition will integrate Core Ventures into McKesson's Oncology platform, with financial results reported in the US Pharmaceutical segment.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:03 pm

CLBK

Columbia Financial, Inc. (NASDAQ:CLBK) has received regulatory approval to merge Freehold Bank into Columbia Bank, with the merger expected to complete on October 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:03 pm

NRXP

HOPE Therapeutics, a subsidiary of NRx Pharmaceuticals (NASDAQ:NRXP), has secured non-dilutive debt funding to establish a $100M ketamine clinic network. This expansion aims to provide comprehensive mental health care services for conditions like suicidal depression and PTSD.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:02 pm

DM

NNDM

Nano Dimension has announced the expiration of the DOJ Hart-Scott-Rodino waiting period for its acquisition of Desktop Metal, marking a significant antitrust milestone. The deal is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:01 pm