Streetbeat News

Acquisitions Mergers

VIVK

Vivakor, Inc. (VIVK) has signed an agreement to acquire the Endeavor Entities for $120 million. This strategic acquisition is aimed at expanding Vivakor's operational capabilities and market presence.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:39 pm

LCID

Lucid Motors' stock (LCID) is experiencing an uptick following the announcement of a $1 billion investment from an affiliate of the Public Investment Fund (PIF).

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:34 pm

ABBV

LABP

AbbVie Inc. is set to acquire Landos Biopharma for approximately $137.5 million, or $20.42 per share in cash, with an additional contingent value right of up to $11.14 per share, subject to clinical development milestones. This acquisition aims to advance the clinical development of NX-13, a novel oral treatment for autoimmune diseases such as ulcerative colitis and Crohn's disease. The transaction is expected to close in the second quarter of 2024, pending customary closing conditions and approval by Landos' stockholders.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:32 pm

BA

QCOM

Boeing Co. announced a major leadership overhaul with CEO Dave Calhoun set to resign by the end of 2024, alongside the resignation of board chairman Larry Kellner. Steve Mollenkopf, former CEO of Qualcomm Inc., will succeed Kellner as chair. The changes come as Boeing aims to navigate through the aftermath of the 737 Max crisis and recent quality issues. Shares of Boeing rose over 2% in premarket trading following the announcement.

Portfolio Pulse from Piero Cingari

March 25, 2024 | 12:31 pm

BREA

Brera Holdings PLC (NASDAQ:BREA) is in late-stage negotiations for acquiring professional football clubs, including premium league teams, aiming to become the top publicly-listed multi-club ownership company. The company's strategy focuses on partnering with clubs that prioritize player culture and development, which is expected to unlock new revenue streams and player progression.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:27 pm

VSTO

MNC Capital has raised its acquisition offer for Vista Outdoor to $37.50 per share, indicating a more aggressive pursuit of the company.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:17 pm

FYBR

Frontier (NASDAQ:FYBR) has been awarded a $24.7M grant by Connect Illinois, with support from Greene County Economic Development Group, to expand its high-speed fiber broadband service to rural areas in Illinois. This expansion aims to connect unserved and underserved communities, supporting economic growth, healthcare, education, and closing the digital divide in Greene County.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:17 pm

DXR

Daxor Corporation (NASDAQ:DXR) has announced the acquisition of exclusive rights to Volumex, Megatope, and Glofil from Iso-Tex Diagnostics, Inc. This move is expected to enhance Daxor's diagnostics suite, improve margins, and create new revenue streams. The acquisitions are projected to be cash flow positive and accretive to earnings immediately. The manufacturing will be moved in-house to Daxor's Oak Ridge facility, with payments for the transaction spread over two years after a 6-9 month transition period. The deal is pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:11 pm

AAPL

ADBE

AMZN

GOOG

GOOGL

IRBT

IVW

META

MSFT

QQQ

The EU has launched antitrust investigations into Apple, Meta, and Alphabet under the Digital Markets Act, focusing on practices that may hinder competition. This includes Apple's integration restrictions, Google's search result displays, and Meta's ad policies. Microsoft, Amazon, and Adobe are also mentioned in relation to previous antitrust issues and significant financial deals. The investigations aim to ensure fair competition and consumer choice in the tech sector.

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 12:08 pm

TGB

Taseko has acquired 100% ownership of the Gibraltar Mine, with the acquisition involving a minimum payment of $117M spread over ten years, plus contingent payments based on copper prices and Gibraltar's cash flow. An initial payment of $5M was made to Dowa and Furukawa upon closing.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:08 pm