Streetbeat News

Acquisitions Mergers

VFC

VF Corporation shares are trading higher after announcing a Stock and Asset Purchase Agreement to sell its Supreme brand to EssilorLuxottica for $1.5 billion in cash.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:22 pm

SNY

Sanofi's consumer health division has attracted first-round bids from private equity firms Advent International, PAI Partners, and Clayton Dubilier & Rice. The unit, which includes products like Phytoxil cough syrups and Icy Hot pain relief gels, is valued at up to €15 billion ($16 billion).

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:16 pm

DFS

Discover Financial Services (DFS) has announced plans to sell its private student loan portfolio for up to $10.8 billion, with the transaction expected to close by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:15 pm

JNJ

Johnson & Johnson (NYSE: JNJ) reported strong Q2 earnings with a 10.2% increase in adjusted EPS and a 4.3% rise in sales, driven by strong pharma sales. However, the company lowered its annual profit outlook due to M&A costs.

Portfolio Pulse from Vandana Singh

July 17, 2024 | 12:14 pm

AEHR

GTLB

LGVN

Market-Moving News for July 17th highlights significant stock movements for Aehr Test Systems (AEHR), Longeveron (LGVN), and GitLab (GTLB). AEHR shares surged 18% following strong Q4 results and positive FY25 revenue guidance. LGVN shares jumped 38% after the FDA granted Fast Track designation to its Alzheimer's treatment. GTLB shares rose 16% amid reports of a potential sale.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:10 pm

NGTF

Nightfood Holdings has signed a letter of intent to acquire SWC Group, which operates as Carryoutsupplies.com, a leading wholesaler and distributor of custom takeout packaging for the foodservice industry. CarryOut offers traditional, biodegradable, and compostable packaging options.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:03 pm

GDTC

CytoMed Therapeutics shares are trading higher after its subsidiary, IPSC Depository, acquired the license and certain assets of Cellsafe International for approximately $490,000, funded from internal cash resources.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:02 pm

DDOG

Datadog shares are trading lower following a report suggesting that the company is considering buying GitLab.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 11:31 am

RHHBY

Roche Holdings AG announced positive topline results from a Phase 1 clinical trial for CT-996, a weight loss and type 2 diabetes drug acquired from Carmot Therapeutics. The drug showed significant weight loss in participants and was well tolerated. This positions Roche to potentially capitalize on the growing obesity treatment market.

Portfolio Pulse from Vandana Singh

July 17, 2024 | 11:28 am

GDTC

Cytomed Therapeutics, through its subsidiary IPSC Depository, acquired the license and certain assets of Cellsafe International for approximately $490,000, funded from internal cash resources.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 11:11 am