Streetbeat News

Acquisitions Mergers

GLLI

Globalink, Alps Holdco, and PubCo have entered PIPE subscription agreements on June 4 and June 5, raising $40 million from investors at $10 per share.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:20 am

DSGX

Descartes Systems Group (NASDAQ:DSGX) has acquired BoxTop Technologies, a UK-based provider of shipment management solutions for small- to mid-sized logistics services providers. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:33 am

HIMX

Himax Technologies, Inc. (NASDAQ:HIMX) will invest in FOCI Fiber Optic Communications, Inc. through a private placement, acquiring a 5.3% equity stake. The investment aims to merge leading CPO technology with advanced nano-scale WLO for MCM integration.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:47 am

UBS

UBS Group AG and Credit Suisse Group's Swiss units are set to merge by July 1, 2024, according to UBS Switzerland President Sabine Keller-Busse. The merger is progressing smoothly, with customer transfers to UBS's IT systems expected in 2025. The integration will result in 3,000 layoffs in Switzerland. UBS also announced a $2 billion share buyback program in April to enhance investor returns amid the acquisition.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 7:35 am

FLFV

Feutune Light Acquisition has announced the adjournment of its merger vote with Thunder Power Holdings to June 17.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:09 am

APO

DXC

KD

Apollo Global Management and Kyndryl Holdings are considering a joint bid for DXC Technology, with a per-share bid ranging between $22 and $25. This news caused DXC's shares to surge by 11%, closing at $18.45. DXC is also seeking bids for its insurance software business, valued at over $2 billion. The potential acquisition comes as Kyndryl receives positive attention from Wall Street, and Apollo continues to be a major player in private equity.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 1:20 am

CXXIF

SHWZ

C21 Investments Inc. has acquired a 6,500-square-foot cannabis dispensary in South Reno, Nevada, for $3.5 million. The store will be rebranded under Silver State Relief. Additionally, Higher Collective opened a new dispensary in Torrington, Connecticut, and From the Earth launched a new store in Kansas City, Missouri. Medicine Man Technologies, operating as Schwazze, opened its 35th New Mexico dispensary.

Portfolio Pulse from Jelena Martinovic

June 11, 2024 | 12:47 am

IGTA

Inception Growth Acquisition has announced plans to extend the period for its business combination. This extension will provide the company with additional time to finalize a suitable merger or acquisition target.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 9:12 pm

NOVV

Nova Vision Acquisition, a blank check company, has extended its period to consummate a business combination to July 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 9:09 pm

YEXT

Yext, Inc. (NYSE:YEXT) shares fell after the company reported Q1 earnings that missed analyst estimates and announced the acquisition of Hearsay Systems. Yext reported earnings of 5 cents per share, missing the 6 cents estimate, and sales of $96 million, slightly below the $96.325 million estimate. The company also provided a mixed outlook for Q2 and fiscal year 2025.

Portfolio Pulse from Erica Kollmann

June 10, 2024 | 8:35 pm