Streetbeat News

Acquisitions Mergers

UCBJF

UCBJY

UCB SA, a European biopharmaceutical company, is divesting its neurology and allergy business in China for $680 million to CBC Group and Mubadala. This strategic move allows UCB to focus on innovation and partnerships in China, with the transaction expected to close in Q4 2024.

Portfolio Pulse from Vandana Singh

August 26, 2024 | 11:51 am

PWM

Prestige Wealth shares rise following the announcement of a definitive acquisition agreement to purchase all shares of SPW Global.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 11:50 am

DRQ

INVX

Dril-Quip and Innovex have agreed to withdraw their charter amendment proposal, eliminating the need for stockholder approval as a condition for their merger. The merger is still on track.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 11:38 am

HLMN

Hillman Solutions has acquired Intex DIY, a supplier of cleaning textiles, to expand its Protective Solutions business. The acquisition is expected to contribute approximately $55 million in annual revenue by 2024.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 11:33 am

PAAS

ZIJMF

Zijin Mining Group faces challenges in its M&A activities due to geopolitical tensions and regulatory hurdles, despite reporting a 46% increase in net income. The company's expansion plans, particularly in strategic mining jurisdictions like Canada, are being restricted by efforts from the U.S., EU, and allies to reduce reliance on Chinese-controlled supply chains. Zijin's subsidiary, Jinteng Mining, encountered a regulatory hurdle in Canada over a $295 million acquisition deal.

Portfolio Pulse from Stjepan Kalinic

August 26, 2024 | 11:29 am

JBT

JBT Corporation has received an extension for its takeover offer for Marel, pending regulatory approvals. The offer, initially set to expire on September 2, 2024, will now expire on November 11, 2024, or three weeks after all regulatory clearances are obtained.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 10:59 am

PIPR

Piper Sandler Companies (NYSE:PIPR) has completed the acquisition of Aviditi Advisors, a premier alternative investment bank. Aviditi Advisors will now operate as Piper Sandler's private capital advisory group. Financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 7:01 am

MRM

MEDIROM MOTHER Labs has formed a capital and business alliance with NFES Technologies. NFES Group will be the lead investor in MOTHER Labs' Series A financing, valuing the company at 9 billion yen pre-money.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 6:18 am

STT

State Street Global Advisors has acquired a 5% stake in Australian fintech platform Raiz, forming a strategic relationship to enhance Raiz's offerings with State Street's resources and expertise.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 6:04 am

UL

Unilever is reportedly working with advisers to sell its Kate Somerville skincare brand, which it acquired in 2015. This move is part of Unilever's strategy to streamline its skincare portfolio.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2024 | 4:57 pm