Streetbeat News

Acquisitions Mergers

GILT

Gilat Satellite Networks Ltd. (NASDAQ: GILT) has secured over $14 million in orders for its In-Flight Connectivity (IFC) solutions from several prominent service providers and system integrators. This strengthens Gilat's leadership in the IFC market, further bolstered by its recent acquisition of Stellar Blu Solutions.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:04 am

Target Hospitality's Special Committee is reviewing a $10.80/share proposal from TDR received on March 25. No decision has been made, and there is no obligation to provide updates unless required by law.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:01 am

PSHG

Sphinx Investment has extended the expiration date of its offer to purchase Performance Shipping (PSHG) for $3.00 per share in cash. The new expiration date is 11:59 P.M., New York City Time, on September 17.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:59 am

SUZ

International Paper's shares dropped 15% in pre-market trading after Suzano abandoned its acquisition pursuit. Suzano's decision followed International Paper's rejection of its advances, as the latter focuses on its own merger plans with DS Smith. Suzano's U.S.-listed shares jumped 11.94% in pre-market trading.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 10:03 am

NOK

Nokia has signed a deal with the French State to sell its Submarine Networks Business (ASN) for €350M. Nokia will retain a 20% shareholding with board representation until a targeted exit, expected at the end of 2024 or beginning of 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:56 am

SNY

VIGL

Vigil Neuroscience (NASDAQ:VIGL) has secured a $40 million strategic investment from Sanofi (NASDAQ:SNY) to bolster its Alzheimer's drug development. The investment will fund Vigil's research and development activities, particularly its TREM2 agonist program.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:59 am

GOOG

GOOGL

SFTBF

SFTBY

SoftBank Group Corp. is investing $10-$20 million in Jeff Bezos-backed AI startup Perplexity AI, which aims to compete with Google's search engine. This investment is part of a larger $250 million funding round, tripling Perplexity's valuation to $3 billion. The move highlights SoftBank's renewed focus on AI after missing out on Nvidia's rally.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 6:42 am

COIN

DNA

NTLA

ROKU

TDOC

TXG

Cathie Wood's Ark Invest made significant trades in Roku Inc and Coinbase Global Inc amidst a volatile market. Ark's ETFs acquired $7.3M worth of Roku shares and sold $703K worth of Coinbase shares. Other trades included selling Ginkgo Bioworks and Teladoc Health shares, and buying 10X Genomics and Intellia Therapeutics shares.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 3:33 am

IIIV

i3 Verticals (IIIV) is selling its Merchant of Record Payments business to Payroc WorldAccess for $440 million in an all-cash transaction. The deal is expected to close in i3 Verticals' fiscal fourth quarter and includes two non-core assets from its Software and Services segment related to the Non-profit and Property Management vertical markets.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 9:02 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) shares surged by 20.99% following the acquisition of advanced manufacturing assets from Arrival Automotive UK Ltd. for its Oklahoma City facility. This move is expected to enhance production efficiency and scalability. Despite reporting a larger-than-expected loss last quarter, the market reacted positively to the strategic acquisition.

Portfolio Pulse from Vaishali Prayag

June 26, 2024 | 8:29 pm