Streetbeat News

Acquisitions Mergers

MMV

MultiMetaVerse (MMV) has announced plans to acquire 100% of Bowong AI. The final amount for the acquisition will be determined based on further due diligence and negotiation.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:47 pm

IBTX

SSB

Independent Bank Group, Inc. (NASDAQ: IBTX) shares are surging after announcing an acquisition by SouthState Corporation (NYSE: SSB) in an all-stock transaction valued at around $2 billion. IBTX shareholders will receive 0.60 shares of SSB stock for each IBTX share, representing a premium of over 10%. The deal is expected to close by Q1 2025.

Portfolio Pulse from Lekha Gupta

May 20, 2024 | 12:35 pm

STRR

Star Equity Holdings has acquired Timber Technologies for a cash-free, debt-free purchase price of $23 million. The deal includes $16 million in upfront cash, $4 million in deferred cash, and a $3 million 2-year earn-out payable 50% in cash and 50% in shares of STRRP preferred stock.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:33 pm

IBTX

Independent Bank Group shares are trading higher following the announcement that SouthState will acquire the company.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:26 pm

CLVT

Clarivate Plc (NYSE:CLVT) shares are trading higher after launching the Trademark Watch Analyzer, an AI-driven trademark protection solution. The company also reported strong Q1 FY24 earnings and announced an acquisition agreement with MotionHall.

Portfolio Pulse from Lekha Gupta

May 20, 2024 | 12:21 pm

NVEE

NV5 Global has acquired myBIMteam in a deal made with a combination of cash and stock. The financial details of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:09 pm

BMBL

Bumble Inc. (NASDAQ:BMBL) announced its intention to acquire Geneva, a group and community app, to expand its Bumble For Friends offering from one-to-one connections to community spaces. The acquisition is expected to close in Q3 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:03 pm

OSG

Overseas Shipholding Group shares are trading higher after the company announced it entered into a definitive merger agreement to be acquired by Saltchuk Resources.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:02 pm

AGFY

NMHI

Nature's Miracle Holding Inc. (NASDAQ:NMHI) and Agrify Corporation (NASDAQ:AGFY) have mutually agreed to terminate their previously announced merger plan due to unfavorable market conditions. Both companies have executed termination agreements with mutual releases and no fees attached.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:34 am

OSG

Overseas Shipholding Group (NYSE:OSG) has entered into a definitive agreement to be acquired by Saltchuk Resources for $8.50 per share, valuing the transaction at $950 million. The purchase price represents significant premiums over recent trading prices.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:32 am