Streetbeat News

Acquisitions Mergers

GRFS

Brookfield has confirmed exploratory discussions with key shareholders of Grifols regarding a potential joint offer to delist Grifols from the Spanish stock exchanges and NASDAQ. An exclusivity agreement has been signed to evaluate the potential transaction, but no agreement or decision has been made yet.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 9:48 am

BENF

CLEU

DYNT

IVP

PARAA

SHPW

Paramount Global shares surged by around 8% in pre-market trading following a $28 billion merger deal with Skydance Media to create 'New Paramount.' Other notable pre-market movers include Shapeways Holdings, Inspire Veterinary Partners, and Dynatronics Corporation among gainers, while China Liberal Education Holdings and Beneficient were among the losers.

Portfolio Pulse from Avi Kapoor

July 08, 2024 | 9:40 am

SVM

Silvercorp Metals is evaluating litigation risks associated with its acquisition of Adventus Mining and is discussing a potential deadline extension for the deal.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 6:15 am

SNDL

SNDL has announced a stalking horse agreement to acquire the business and assets of Indiva Limited. This move could potentially expand SNDL's market presence and product offerings.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 5:50 am

SNDL

SNDL has acquired $28 million in debt from Delta 9 Cannabis, becoming a senior secured creditor with priority interest in Delta 9's assets.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 5:36 am

ORCL

PARA

Paramount Global's board has endorsed a merger with Skydance Media, led by David Ellison. The deal, which includes the acquisition of National Amusements, is expected to be ratified soon, ending the Redstone family's control of Paramount. The news has positively impacted Paramount's stock price.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 2:15 am

PARA

Paramount's board has approved a merger with Skydance, as reported by Bloomberg. This decision is expected to have significant implications for Paramount's business strategy and market position.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2024 | 8:51 pm

ABBV

ALNY

AMGN

HRTS

LLY

MRK

NVO

PFE

SPY

The GLP-1 drug market for obesity treatment is projected to reach $1 trillion, according to Tema ETFs CEO Maurits Pot. The market is expected to expand beyond Eli Lilly and Novo Nordisk, with applications in various diseases. Tema ETFs launched the Tema GLP-1, Obesity and Cardiometabolic ETF (HRTS), which has outperformed the S&P 500 since its inception.

Portfolio Pulse from Piero Cingari

July 07, 2024 | 1:39 pm

AAPL

GOOG

GOOGL

MSFT

Apple Inc. (NASDAQ:AAPL) has made significant moves this week, including a strategic shift towards AI, an observer role at OpenAI, an extended iPhone settlement deadline, rumors of major changes for the next-gen Vision Pro, and a potential AI partnership with Google.

Portfolio Pulse from Benzinga Neuro

July 07, 2024 | 11:29 am

DKNG

MSGS

The NBA free agency has significantly altered betting odds for the upcoming season, with the Boston Celtics remaining favorites. The New York Knicks, owned by Madison Square Garden Sports (NYSE: MSGS), have improved their odds after acquiring Mikal Bridges. This could positively impact MSGS stock. DraftKings Inc (NASDAQ: DKNG) provides the updated betting odds.

Portfolio Pulse from Chris Katje

July 06, 2024 | 2:05 pm