Streetbeat News

Acquisitions Mergers

AZN

FUSN

AstraZeneca (AZN) is set to acquire Fusion Pharmaceuticals (FUSN) for $21.00 per share in cash plus a contingent value right (CVR) of $3.00 per share upon reaching a regulatory milestone. This acquisition is pending approval from Fusion's shareholders and is subject to terms of a contingent value rights agreement. Fusion has begun the process of mailing the necessary materials for a special meeting to vote on the arrangement.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:12 pm

ABNB

AMD

AMZN

ASML

GOOG

META

NVDA

Nationwide pro-Palestine protests at U.S. universities have led to hundreds of arrests, with students demanding divestment from companies benefiting from Israel's actions in Gaza and the West Bank. Companies like Alphabet (GOOG), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), ASML Holding (ASML), Boeing (BA), Amazon.com (AMZN), and Airbnb (ABNB) are mentioned in relation to these divestment calls. The protests aim to pressure Israel into a cease-fire and have sparked significant controversy and media attention.

Portfolio Pulse from Natan Ponieman

April 25, 2024 | 9:12 pm

TIGO

Millicom has appointed Marcelo Benitez as its new CEO, effective June 1, 2024. Benitez, with a long tenure at Millicom, was previously CEO of TIGO Panama and has held various leadership roles within the company. His appointment concludes a comprehensive succession planning process. Under his leadership, TIGO Panama became the leading telecom provider by integrating Cable Onda and Movistar Panama. The transition includes Mauricio Ramos continuing as Chair of the Board, and Maxime Lombardini's anticipated addition to the Board, pending shareholder approval.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:07 pm

CAUD

Collective Audience, Inc. (NASDAQ:CAUD) received two notifications from Nasdaq regarding non-compliance with listing requirements. The issues involve the delayed filing of its annual report and not meeting the minimum bid price requirement. The company has deadlines in June and October 2024 to regain compliance. Despite these challenges, CEO Peter Bordes highlighted recent strategic moves, including the launch of AudienceDesk™, new partnerships, and acquisitions aimed at strengthening the company's position and regaining compliance.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:06 pm

BFST

Business First Bancshares has agreed to acquire Oakwood Bancshares in an all-stock transaction valued at approximately $85.7 million, with the deal expected to close in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:01 pm

CDP

COPT Defense Properties (NYSE:CDP) has acquired a 202,000 square foot Class A building in Columbia, MD, for $15M. The building, 56% leased to a leading defense contractor, enhances COPT Defense's dominance in Columbia Gateway, where it now controls 45% of the square footage. This acquisition is seen as a strategic move to leverage the company's Defense/IT franchise and meet the strong demand from Defense Contractors, aiming to create significant shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:01 pm

TALO

Talos Energy Inc. (NYSE:TALO) announced organizational updates following the acquisition of QuarterNorth Energy Inc., including promotions and new appointments to support growth and strategic priorities. Sergio Maiworm was promoted to Executive Vice President and CFO, effective April 24, 2024. Jim Brysch and Truitt Smith, former QuarterNorth employees, were appointed as Vice Presidents, and Francisco Noyola was promoted to Vice President - Mexico. Clay Jeansonne joined as Vice President - Investor Relations, and John Parker left the company. CEO Tim Duncan emphasized the leadership's role in strengthening Talos's position as a premier E&P offshore operator.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:00 pm

AON

Aon plc (NYSE:AON) announced the early settlement date of April 26, 2024, for its cash tender offers and related consent solicitations for outstanding debt securities of NFP Corp. The offers, made by Aon's subsidiary Randolph Acquisition Corp., target various senior notes due between 2028 and 2031. The early tender date was April 15, 2024, with withdrawal rights expiring at the same time. The final expiration date for the offers is April 30, 2024. The total consideration for notes accepted for purchase will be paid on the early settlement date.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:44 pm

HPE

JNPR

Juniper Networks announced that due to its ongoing acquisition process by HPE, it will not provide financial guidance for 2024, a common practice during such transactions.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:16 pm

ISPR

At the Benzinga Cannabis Capital Conference, industry leaders discussed the potential for global market expansion in the cannabis sector, highlighting the challenges and opportunities. Dr. Chanda Macias emphasized the importance of community and international scaling for women entrepreneurs, while Luna Stower of Ispire Vape Technology (NASDAQ:ISPR) discussed overcoming American biases and the significance of their Nasdaq listing. Heather Molloy spoke on the difficulties of raising capital for women in the cannabis industry and the potential for leveraging high-quality terpenes in international markets.

Portfolio Pulse from Rolando García

April 25, 2024 | 8:06 pm