Streetbeat News

Acquisitions Mergers

COP

Consortia are targeting the Citgo Corpus Christi refinery as a prized asset in an auction bidding round closing on Tuesday, according to sources. This development could impact companies involved in the bidding process.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:13 pm

ASNS

LE

WKME

Lands' End, Inc. (NASDAQ:LE) shares fell 9.3% to $12.60 after reporting a quarterly adjusted loss of 20 cents per share, which beat the analyst consensus estimate of 26 cents per share. The company also reported quarterly sales of $285.47 million, surpassing the analyst consensus estimate of $269.82 million. Other notable stock movements include Actelis Networks, Inc. (NASDAQ:ASNS) jumping 512% after announcing orders for cyber-hardened networking technology, and WalkMe Ltd. (NASDAQ:WKME) gaining 42.1% after entering into a definitive agreement to be acquired by SAP.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 5:04 pm

GOOG

GOOGL

Google LLC has acquired Cameyo Inc., a virtual application delivery platform, to enhance its ChromeOS capabilities. The acquisition aims to simplify the delivery of cloud desktops and legacy applications for ChromeOS users, improving security and user experience. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:10 pm

AMBC

Ambac Financial Group shares are trading lower after announcing a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners and to sell its legacy financial guarantee business.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:50 pm

GRUSF

Grown Rogue International Inc. (OTC:GRUSF) has received licensing approval from the New Jersey Cannabis Regulatory Commission and closed its first option to acquire 44% of ABCO Garden State, LLC. The company plans further expansion in New Jersey and Illinois, with the next acquisition option pending regulatory approval.

Portfolio Pulse from Jelena Martinovic

June 05, 2024 | 3:30 pm

FSI

FSI has acquired a vial filling line for injectable drugs for $2.5 million, with possession expected in July. The production line can operate a maximum of 10 hours a day for 250 days a year, producing 22.5 million vials annually.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:04 pm

GOOGL

LLY

Alphabet Inc. has appointed Eli Lilly's CFO, Anat Ashkenazi, as its new CFO, effective July 31, 2024. Ashkenazi will continue her role at Eli Lilly until then. This transition follows Ruth Porat's move to President & Chief Investment Officer of Alphabet and Google. Alphabet's finance unit has been undergoing significant changes, including a restructuring to prioritize AI investments.

Portfolio Pulse from Vandana Singh

June 05, 2024 | 2:11 pm

CYTK

Cytokinetics was in acquisition talks with a potential strategic partner for Aficamten following positive Phase 3 SEQUOIA-HCM results. However, the negotiations did not lead to an acquisition.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:06 pm

ACRDF

CGC

Acreage Holdings, Inc. is seeking $10 million in funding through a private placement of units, ahead of its acquisition by Canopy Growth Corporation. The units will include convertible notes and share purchase warrants. Canopy Growth has exercised its option to acquire all of Acreage's Class E subordinate voting shares and certain outstanding debt.

Portfolio Pulse from Jelena Martinovic

June 05, 2024 | 2:03 pm

GFL

GFL shares are trading higher following a report suggesting the company hired a financial advisor to review two buyout offers.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:51 pm