Streetbeat News

Acquisitions Mergers

GROY

Gold Royalty Corp. (GROY) has entered into an agreement with National Bank Financial and BMO Capital Markets for a $30 million bought deal financing. This move is expected to provide the company with additional capital to support its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:10 am

GROY

Gold Royalty has entered a binding agreement to acquire a copper stream on the Vares Silver Project for $50 million. The payment includes $45 million in cash and $5 million in Gold Royalty shares.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:10 am

AGIO

RPRX

Royalty Pharma is set to acquire rights to Agios Pharmaceuticals' 15% royalty on potential US net sales of Vorasidenib for $905 million.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:03 am

ATRI

NDSN

Nordson has entered a definitive agreement to acquire Atrion for $460.00 per share in cash, valuing the transaction at approximately $800 million. Atrion, a manufacturer of proprietary medical products, generated $169 million in annual revenue in 2023. The deal is expected to close before Nordson's fiscal year-end 2024.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:02 am

Atlantica Sustainable Infrastructure (AY) has entered into a deal to be acquired by Energy Capital Partners and co-investors for $22 per share in cash, valuing the company at approximately $2.555 billion. The purchase price represents an 18.9% premium to Atlantica's closing share price on April 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:45 am

EOG

SHEL

BP, Shell, and EOG Resources have placed bids in Trinidad and Tobago's 2023 shallow water auction, which closed with no other bidders. The auction saw bids for four blocks, with winners to be announced in four months. Trinidad's government had revised fiscal terms to attract more bids after a failed 2019 round.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 10:42 am

CALT

Calliditas Therapeutics' Board has unanimously recommended that shareholders accept Asahi Kasei's SEK 11.16 billion tender offer. The offer includes a cash payment of SEK 208 per share and SEK 416 per American Depositary Share (ADS).

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:38 am

MTAL

Metals Acquisition Corp (MAC) is investing A$5 million in Polymetals Resources (POL) to secure an initial stake and future collaborations. The deal includes an initial A$2.5 million investment for a 4.31% interest in POL and an additional A$2.5 million subject to certain conditions. These conditions include funding for the Endeavor mine, tolling and water offtake agreements, and necessary third-party consents. MAC will also have the right to appoint a director to POL's board if it holds more than 7% of POL's shares.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:18 am

AMAT

AMD

ASML

MCHI

NVDA

SOXX

China has set up its largest-ever semiconductor investment fund, Big Fund III, with $48 billion to nurture its domestic chipmaking industry. This move could impact U.S. chipmakers like Nvidia and AMD, which are already facing revenue contractions in China due to U.S. government restrictions.

Portfolio Pulse from Shanthi Rexaline

May 27, 2024 | 3:49 pm

AZN

GSK

MRK

AstraZeneca, Merck, and GSK have struck a record $44.1 billion in licensing deals with Chinese drugmakers in 2023, driven by Western pharmaceutical companies' need to expand their product pipelines amid patent expirations. Chinese drugmakers are seeking overseas growth due to domestic funding constraints and pricing regime changes.

Portfolio Pulse from Benzinga Neuro

May 27, 2024 | 11:12 am