Streetbeat News

Acquisitions Mergers

MGLD

The Marygold Companies, through its subsidiary Marygold & Co. (UK), has completed the acquisition of Step-By-Step Financial Planners Limited. This strategic move aims to expand Marygold's financial planning and advisory services.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:26 pm

XPER

Rubric Capital Management criticizes Xperi Inc. for misleading stockholders with false statements and manipulations, particularly regarding its post-spin performance, share repurchase program, dilution, executive compensation, and director ownership. Rubric urges stockholders to vote for its nominees, Thomas A. Lacey and Deborah S. Conrad, to improve governance and alignment with stockholder interests. Xperi's underperformance and questionable practices are highlighted as reasons for change.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:24 pm

FSLR

MN8 Energy has secured a supply of 457 megawatts (MW) of American solar modules from First Solar, indicating a significant investment in renewable energy and a boost for First Solar's production and sales.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:22 pm

TMO

Thermo Fisher Scientific has announced the extension of its tender offer for all outstanding common shares and ADSs of Olink. The offer, initially set to expire on October 17, 2023, has been extended to June 18, 2024. This move indicates Thermo Fisher's continued interest in acquiring Olink and provides additional time for the completion of the tender offer process.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:20 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) has secured the first international safety and performance certification for electrolyzer manufacturing in Korea, enabling commercial sales in the market. This milestone was achieved through a collaboration with SK E&S and marks Plug Power as a first mover in the Korean PEM electrolyzer market. The certification covers the EX425D, a 1 MW PEM electrolyzer. Additionally, Plug Power announced two new contracts for Basic Engineering and Design Packages in Europe and the U.S., further expanding its global footprint.

Portfolio Pulse from Nabaparna Bhattacharya

May 01, 2024 | 12:10 pm

AKTX

PKBO

Akari Therapeutics and Peak Bio have announced a portfolio prioritization plan following their merger. The plan focuses on advancing Peak's ADC cancer therapeutic platform and Akari's PAS-nomacopan for Geographic Atrophy. Additionally, Akari Therapeutics has announced leadership changes.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:08 pm

PLTN

Plutonian Acquisition Corp's shares surged following shareholder approval for a merger with Big Tree Cloud Holdings, indicating a positive market response to the strategic move.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:23 am

ONEW

OneWater Marine has successfully completed the acquisition of Garden State Yacht Sales, expanding its market presence and portfolio in the yacht sales sector. This strategic move is expected to enhance OneWater Marine's offerings and market reach, potentially leading to increased revenue and market share.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:23 am

ALTR

Altair has announced the acquisition of Research In Flight, a move aimed at enhancing its capabilities in the aerospace sector. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:22 am

DPSI

DecisionPoint Systems shares surged following the announcement of a definitive merger agreement with an affiliate of Barcoding Holdings. This strategic move is expected to enhance the company's market position and offer potential growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:21 am