Streetbeat News

Acquisitions Mergers

CHRS

Coherus BioSciences (CHRS) has announced the divestment of its biosimilar drug YUSIMRY in a $40 million upfront all-cash transaction.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:28 pm

SM

SM Energy shares are trading lower after the company announced it entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:26 pm

IDGT

NOK

QTUM

Nokia (NYSE:NOK) is selling its Alcatel Submarine Networks (ASN) business to the French State for EUR350 million. Nokia will retain a 20% stake and board representation. The sale is expected to close by late 2024 or early 2025. This move will streamline Nokia's Network Infrastructure Business Group and is expected to reduce net sales by EUR 1 billion but increase operating profit margin by 100-150 basis points. The sale does not impact Nokia's financial outlook for 2024.

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 12:22 pm

GNRC

Generac Holdings has announced the acquisition of Powerplay Battery Energy Storage Systems, a division of Sungrid Solutions. This move is expected to strengthen Generac's position in the commercial and industrial battery energy storage systems market.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:56 am

IP

SUZ

Suzano has announced that after negotiations with International Paper, it has reached what it believes to be the maximum price for the transaction and will not pursue the acquisition of International Paper.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:54 am

NOG

SM

Northern Oil and Gas (NOG) is set to acquire a 20% undivided stake in XCL assets in partnership with SM Energy (SM) for a purchase price of $510 million in cash.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:20 am

SM

SM Energy has announced its acquisition of Uinta Basin oil and gas assets for an unadjusted purchase price of $2.55 billion.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:19 am

HHH

Howard Hughes Corporation has acquired Waterway Plaza II, a Class A office building with 142,448 rentable square feet in The Woodlands Town Center, for $19.2 million.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:18 am

LNTH

Lantheus Holdings, Inc. (NASDAQ:LNTH) has acquired global rights to Life Molecular Imaging's RM2, a radiotherapeutic and radiodiagnostic pair targeting the gastrin-releasing peptide receptor (GRPR), for $35 million. This acquisition enhances Lantheus' cancer pipeline, particularly in prostate and breast cancer.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:10 am

VSTO

Vista Outdoor has adjourned its special meeting of stockholders to July 23, 2024, to review MNC's revised offer. The Board will evaluate the offer in line with its fiduciary duties and the existing merger agreement with Czechoslovak Group a.s. (CSG). No determination has been made regarding the MNC offer.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:10 am