Streetbeat News

Acquisitions Mergers

DHAC

Digital Health Acquisition Corp. has completed its business combination with VSee Lab, Inc. and iDoc Virtual Telehealth Solutions, Inc., and has been renamed VSee Health, Inc. The company's shares will trade on Nasdaq under the ticker 'VSEE' starting June 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:04 pm

Blackline (BL) is reportedly the target of a private equity takeover approach, according to Street Insider. This news has been circulating among traders and could impact the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:33 pm

DuPont's water unit has attracted interest from potential buyers, according to Bloomberg. This development could lead to a significant transaction for DuPont, impacting its financials and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:56 pm

FCUUF

PALAD

Paladin Energy is acquiring Fission Uranium for $833 million in an all-stock transaction, expanding its footprint in Canada. The deal includes Fission's advanced-stage Triple R deposit and is expected to close by September 2024. The acquisition is part of a broader trend in the uranium market, with prices having doubled recently.

Portfolio Pulse from Stjepan Kalinic

June 24, 2024 | 6:16 pm

LLY

NVO

Eli Lilly (NYSE:LLY) may benefit from supply issues at competitor Novo Nordisk (NYSE:NVO) due to recent fires at Novo Nordisk's facilities. Reddit users speculate on a potential stock split for Eli Lilly and highlight upcoming FDA approval for an Alzheimer's drug and a new $10 billion plant construction.

Portfolio Pulse from Surbhi Jain

June 24, 2024 | 6:08 pm

NNE

Nano Nuclear Energy Inc (NASDAQ:NNE) shares surged by 37.8% to $21.69 after the company acquired intellectual property for an annular linear induction pump used in small nuclear reactor cooling and heat transfer. Dr. Carlos O. Maidana will collaborate as a consultant to further develop this technology, aiming for SBIR Phase III Award status.

Portfolio Pulse from Henry Khederian

June 24, 2024 | 5:50 pm

EADSY

SPR

Airbus CEO announced that uncertainties regarding Spirit AeroSystems' industrial commitments have led to a decision to cut Airbus output targets. The CEO also mentioned a deteriorating supply situation for engines for the A320 family, which has worsened over the last few months.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:35 pm

AGFY

ALIM

ALLR

AREB

EFTR

MLGO

U.S. stocks showed mixed performance with the Dow Jones gaining over 300 points, while the NASDAQ fell. Energy shares led the gains, while information technology shares lagged. Alimera Sciences saw a significant spike after announcing an acquisition agreement with ANI Pharmaceuticals. Agrify Corporation and MicroAlgo Inc. also saw substantial gains. Conversely, eFFECTOR Therapeutics, American Rebel Holdings, and Allarity Therapeutics experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 5:06 pm

BITF

RIOT

Riot Platforms Inc. (NASDAQ:RIOT) is pushing for board changes at Bitfarms Ltd. (NASDAQ:BITF) to facilitate its acquisition of the Bitcoin mining firm. Riot, which owns nearly 15% of Bitfarms, has retracted its $2.30-per-share bid and is now seeking to replace key board members to enable honest negotiations. Bitfarms has been facing governance issues and has implemented a poison pill defense against Riot's bid.

Portfolio Pulse from Murtuza Merchant

June 24, 2024 | 4:53 pm

NFLX

TCEHY

Netflix has acquired the international rights to Tencent's Chinese series 'See Her Again,' marking a rare pre-buy move. This acquisition highlights Netflix's continued focus on Asian content following the success of series like 'Squid Game.'

Portfolio Pulse from Chris Katje

June 24, 2024 | 4:46 pm