Streetbeat News

Acquisitions Mergers

NESR

National Energy Services Reunited Corp. (NESR) has acquired a minority stake in SALTTECH BV. The financial details of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:14 pm

AKR

CNS

Cohen & Steers and Acadia Realty Trust have formed a joint venture to acquire The Walk at Highwoods, an open-air shopping center in Tampa, Florida.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:05 pm

GDS

GDS Holdings Limited's international affiliate, DigitalLand Holdings Limited, has secured a $1 billion equity investment from new U.S. investors, led by Coatue Management and The Baupost Group. This investment will support the development of up to 1 GW of data center capacity across Asia.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:03 pm

GLYC

GlycoMimetics shares rose following the announcement of a merger with Crescent Biopharma and securing $200 million in funding to advance its oncology pipeline.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:18 pm

GSK

GSK has acquired CMG1A46 from Chimagen Biosciences for $300 million to enhance its immunology pipeline, focusing on B cell-driven autoimmune diseases such as lupus. Chimagen may receive an additional $550 million in milestone payments.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:16 pm

NBY

NovaBay Pharmaceuticals shares surged after the company received a superior acquisition offer of up to $11.5 million, surpassing a previous offer.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:16 pm

NBY

NovaBay Pharmaceuticals has received an unsolicited offer from Refresh Acquisitions BidCo to acquire the Avenova brand, which is considered superior to a previous agreement with PRN Physician Recommended Nutriceuticals. The offer includes a purchase price of up to $11.5 million, subject to adjustments.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:07 pm

IPGP

IPG Photonics has announced its acquisition of CleanLASER, although the terms of the deal have not been disclosed. This acquisition could potentially enhance IPG Photonics' product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:04 pm

HOPE

TBNK

Territorial Bancorp's board has reaffirmed its recommendation for shareholders to vote in favor of the merger with Hope Bancorp at the upcoming special meeting on November 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:40 am

OLLI

Ollie's Bargain Outlet has successfully bid to acquire eight former Big Lots store leases in a bankruptcy auction. This acquisition is part of a larger closure of 170 Big Lots stores and is subject to court approval.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:33 am