Streetbeat News

Acquisitions Mergers

JHG

Janus Henderson (JHG) announces the acquisition of Victory Park Capital, a global private credit manager. The deal involves a mix of cash and Janus Henderson common stock and is expected to be neutral-to-accretive to earnings per share by 2025. The acquisition is anticipated to close in Q4 2024, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:05 pm

STIM

Neuronetics shares are trading lower after the company reported worse-than-expected Q2 financial results and issued Q3 revenue guidance below estimates. Additionally, Neuronetics announced it will acquire Greenbrook TMS in an all-stock transaction.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:02 pm

RVNC

Revance Therapeutics shares are trading higher after the company entered into a merger agreement with Crown Laboratories.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:00 pm

LMFA

LM Funding America (LMFA) announced a nonbinding Letter of Intent to acquire a mining facility in Texas with an initial 12 MW power capacity and potential for an additional 60 MW. The company holds 132.5 Bitcoin valued at approximately $8.1M as of July 31, 2024. The acquisition aims to provide a cost-effective location for their mining operations.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:43 pm

ASND

KEY

LLY

Market-Moving News for August 12th includes Scotiabank's acquisition of a 14.9% stake in KeyCorp, Ascendia Pharma's FDA approval for YORVIPATH, and Deutsche Bank's upgrade of Eli Lilly's stock.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:21 pm

RVNC

Crown Laboratories and Revance Therapeutics have announced a merger to create a leading high-growth aesthetics and skincare company. The merger will combine flagship brands such as DAXXIFY, RHA Collection, SkinPen, PanOxyl, Blue Lizard, and StriVectin, offering global commercialization potential and enhanced product development with an experienced leadership team.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:02 pm

BNS

KEY

KeyCorp (NYSE:KEY) shares are trading higher after announcing a strategic minority investment agreement with The Bank of Nova Scotia (NYSE:BNS). Scotiabank will invest approximately $2.8 billion in KeyCorp, acquiring about 14.9% of common stock at $17.17 per share. This investment is expected to boost KeyCorp’s CET1 capital ratio and tangible book value per share, and enhance profitability and capital strength. The initial purchase is expected to close by the end of August, with the additional purchase anticipated in the first quarter of 2025.

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 11:59 am

KEY

KeyCorp shares are trading higher after Scotiabank acquired a 14.9% stake in the company.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:16 am

STIM

Neuronetics has agreed to acquire Greenbrook TMS in an all-stock transaction, creating a vertically-integrated organization for mental health treatment in the U.S. The deal is expected to increase revenue, achieve cost synergies, accelerate profitability, and strengthen the balance sheet.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:15 am

GFI

OBNNF

Gold Fields (NYSE:GFI) is acquiring Osisko Mining (OTC:OBNNF) for $1.57 billion in cash, securing full ownership of the Windfall Project in Quebec. The acquisition aligns with Gold Fields' strategy to improve its portfolio with high-quality, long-life assets. The deal is subject to shareholder and regulatory approvals.

Portfolio Pulse from Stjepan Kalinic

August 12, 2024 | 11:12 am