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Acquisitions Mergers

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Agilent Technologies announced its acquisition of BIOVECTRA for $925 million. This move aims to expand Agilent's end-to-end biopharma solutions, enhancing its capabilities in drug discovery and development.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:02 pm

DNUT

Krispy Kreme (NASDAQ:DNUT) has sold a majority stake in Insomnia Cookies for $350 million, allowing it to focus on its core doughnut business. The sale strengthens Krispy Kreme's financial position and supports its expansion and debt reduction efforts. DNUT shares are trading higher in premarket.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 12:42 pm

ACGL

Arch Insurance North America, a subsidiary of Arch Capital Group Ltd. (NASDAQ:ACGL), has received regulatory approval for its acquisition of the U.S. MidCorp and Entertainment insurance businesses of Allianz. The transaction is expected to close on August 1, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:31 pm

HEPA

Hepion Pharmaceuticals shares are trading higher following the announcement of a definitive merger agreement with Pharma Two B and a $2.9 million private placement of non-convertible senior notes to institutional investors.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:22 pm

HEPA

MIRA

RR

Market-Moving News for July 22nd includes Richtech Robotics completing the installation of ADAM at Ghost Kitchens in a Dawsonville, GA Walmart, MIRA Pharmaceuticals announcing promising preclinical study results for Ketamir-2, and Pharma Two B merging with Hepion Pharmaceuticals, which also announced a $2.9M private placement of non-convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:21 pm

ACN

Accenture has announced its plans to acquire Camelot Management Consultants to enhance its SAP and AI-driven supply chain capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:18 pm

ACN

Accenture (NYSE:ACN) has agreed to acquire Camelot Management Consultants, a German SAP-focused management and technology consulting firm. This acquisition will enhance Accenture's SAP and AI-driven supply chain capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:16 pm

HEPA

Pharma Two B is set to go public through a merger with Hepion Pharmaceuticals. Additionally, Hepion Pharmaceuticals announced a $2.9 million private placement of non-convertible senior notes to institutional investors.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:06 pm

VSTO

MNC Capital Partners has announced a $42 per share all-cash tender offer for Vista Outdoor Inc (NYSE:VSTO). MNC is committed to this offer and is willing to make the tender offer directly to Vista's shareholders if Vista approves.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:00 pm

KKR

TDIV

VOD

VWI

Vodafone Group Plc (NASDAQ:VOD) shares are trading higher in premarket after selling an additional 10% stake in Oak Holdings GmbH for €1.3 billion. This sale finalizes a 50:50 joint ownership structure with a consortium led by Global Infrastructure Partners and KKR & Co (NYSE:KKR). The proceeds will be used to reduce Vodafone’s debt, aligning with its leverage goals. Vodafone stock has lost about 8% in the last 12 months, but is up 1.11% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 11:50 am