Streetbeat News

Acquisitions Mergers

PARA

PARAA

National Amusements, the holding company of the Redstone family, is reviewing a proposal from Skydance. This was confirmed in an emailed statement cited by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:01 pm

Suzano is preparing a revised offer for International Paper. Additionally, the CEO of International Paper recently met with the CEO of DS Smith in London, as International Paper seeks to reassure DS Smith amidst Suzano's bid plans.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 6:44 pm

NHC

National HealthCare Corporation (NHC) announced its plan to acquire White Oak Senior Living Portfolio in North and South Carolina, which includes a long-term care pharmacy. The transaction is expected to close in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 6:34 pm

LLY

Eli Lilly has entered into an exclusive license agreement with QurAlis Corporation to develop and commercialize QRL-204, a preclinical compound targeting ALS and dementia. The deal includes an upfront payment of $45 million, potential milestone payments up to $577 million, and tiered royalties on net sales. The agreement also involves a research collaboration to develop additional candidates targeting UNC13A.

Portfolio Pulse from Vandana Singh

June 03, 2024 | 6:05 pm

IAI

NDAQ

VNMC

Nasdaq, Inc. (NDAQ) and The European Energy Exchange (EEX) deal faces potential full-scale investigation by EU antitrust regulators unless EEX enhances its competition remedies. The deal involves EEX acquiring Nasdaq's European power trading and clearing business. The EU competition enforcer is expected to open a full-scale investigation after June 26 if remedies are not strengthened. Investors can gain exposure to Nasdaq via IShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and Natixis Vaughan Nelson Mid Cap ETF (VNMC).

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 5:54 pm

BUD

HITI

PLNH

TLRY

TSNDF

The article discusses the growing intersection between the alcohol and cannabis industries, highlighting moves by major companies like Anheuser-Busch, Molson Coors, Constellation Brands, and Tilray Brands. Tilray has acquired eight beer brands from Anheuser-Busch, making it the 5th largest craft beer business in the U.S. The article also mentions new cannabis store openings in various states and countries, including Illinois, Florida, Michigan, California, Canada, and Thailand.

Portfolio Pulse from Jelena Martinovic

June 03, 2024 | 5:53 pm

AMC

BRK

CMG

COHR

DIA

EWW

GME

LSCC

PARA

QQQ

SAIC

SPOT

SPY

TLT

XLV

XRT

The VIX surged 9% as major U.S. equity indices fell due to concerns over U.S. manufacturing activity. Safe-haven assets like bonds and gold rose, while meme stocks like GameStop and AMC spiked. Notable stock movements included Paramount Global, Lattice Semiconductor, and Spotify. Mexican assets also saw significant declines following a presidential election.

Portfolio Pulse from Piero Cingari

June 03, 2024 | 5:32 pm

BDX

Becton, Dickinson and Company shares are trading higher after the company announced a definitive agreement to acquire Edward's Critical Care product group.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:32 pm

INDI

Indie Semiconductor is reportedly exploring strategic options, including a potential sale, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:23 pm

ONEW

OneWater Marine shares are trading higher following a report suggesting that the company is in talks to acquire MarineMax.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:22 pm