Streetbeat News

Acquisitions Mergers

NIPG

NIP Group Inc. (NASDAQ:NIPG) has successfully listed on Nasdaq, pricing its American depositary shares (ADS) at $9 and selling 2.25 million ADSs, with an additional 182,526 ADSs sold through an exercised option. The company, formed through a merger between Sweden’s Ninjas in Pyjamas and China’s ESV5, aims to become a global digital sports group. NIP Group's ADSs rose 83% on Monday to close at $16.50, making it one of the best performing recent IPOs on Nasdaq.

Portfolio Pulse from The Bamboo Works

July 31, 2024 | 3:32 pm

CBZ

CBIZ shares are trading lower after the company reported worse-than-expected Q2 financial results. Additionally, CBIZ announced it entered into an agreement to acquire the Non-attest business of Marcum in a cash and stock transaction valued at $2.3 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:40 pm

BSGM

BioSig Technologies has announced its intent to acquire the assets of Neuro-Kinesis Corporation. A non-binding letter of intent has been executed, with the purchase price to be paid in BioSig common stock. Neuro-Kinesis Corporation will provide $2.5M-$6M in unrestricted cash at closing. Due diligence will continue through the end of the year, and full disclosures will be made in the next proxy statement for a shareholder vote.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:47 pm

PARA

PARAA

Apex Capital Trust has submitted a $43 billion all-cash offer to acquire Paramount Global, proposing to purchase 100% of National Amusements Inc.'s capital stock and assume $15.8 billion in debt. This offer is intended to facilitate a 'go-shop' provision against a deal with Skydance.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:09 pm

PWUP

Aspire Biopharma and PowerUp Acquisition Corp. have signed a non-binding letter of intent for a potential business combination. The combined public company would be listed on a national securities exchange.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:24 pm

LECO

Lincoln Electric has announced the acquisition of Vanair Manufacturing for an undisclosed amount.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:29 am

CBZ

CBIZ has entered into a definitive agreement to acquire the non-attest business of Marcum in a cash-and-stock transaction valued at approximately $2.3 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:07 am

BX

LBO

PSP

ROIC

Blackstone Inc. (NYSE:BX) shares are trading higher premarket as the company is reportedly in early talks to acquire Retail Opportunity Investments Corp. (NASDAQ:ROIC). ROIC's shares have dropped 10% over the past year, and Blackstone sees value in its properties. No deal is guaranteed, and other bidders may emerge. ROIC owns 95 shopping centers and recently reported a slight decline in FFO for Q2 2024. Blackstone also extended an all-cash tender offer for Terrafina's real estate trust certificates. BX reported strong Q2 2024 adjusted revenues but missed on distributable earnings per share. BX stock has gained around 35% in the last 12 months.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 10:39 am

TEF

TIGO

Millicom and Telefonica are in talks for a significant telecom acquisition in Colombia. Millicom plans to purchase La Nación's and other minority interests in Coltel, as well as Empresas Públicas de Medellin's 50% interest in TigoUne, for approximately $1 billion in cash and assumed debt. The transaction is subject to negotiations, regulatory approvals, and other conditions.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:37 am

FVRR

Fiverr has acquired AutoDS, a dropshipping tool, to enhance its eCommerce capabilities. This acquisition integrates tens of thousands of dropshippers into Fiverr's ecosystem, expanding its footprint in dropshipping, website development, e-commerce management, and social media marketing.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:33 am