Streetbeat News

Acquisitions Mergers

MARX

Monteverde & Associates PC is investigating the merger of Mars Acquisition Corp. with ScanTech AI Systems Inc. Mars' shareholders will own 42% of the combined company.

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November 20, 2024 | 11:15 pm

CSR

Copper Standard Resources Inc. has successfully completed its acquisition of Pucara Gold Ltd. through a court-approved plan of arrangement.

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November 20, 2024 | 11:15 pm

CMCSA

Comcast Corporation plans to spin off several major cable television networks and digital properties into a new independent media company called SpinCo. This move represents a significant strategic shift for Comcast.

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November 20, 2024 | 11:00 pm

PIRS

Kahn Swick & Foti, LLC is investigating the proposed merger between Pieris Pharmaceuticals, Inc. and Palvella Therapeutics, Inc. Pieris shareholders are expected to own 18% of the combined company.

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November 20, 2024 | 10:45 pm

BYON

Beyond, Inc. (NYSE:BYON) has provided an update on its proposed financing arrangements for a pending transaction with The Container Store Group, Inc. This involves a Securities Purchase Agreement dated October 15, 2024.

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November 20, 2024 | 10:30 pm

PFC

WSBC

Kahn Swick & Foti, LLC is investigating the proposed sale of Premier Financial Corp. to WesBanco, Inc. The investigation focuses on the adequacy of the price and process of the transaction, where Premier shareholders will receive 0.80 shares of WesBanco for each Premier share.

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November 20, 2024 | 10:30 pm

HYB

The New America High Income Fund, Inc. (NYSE: HYB) announced that its shareholders have approved a reorganization into the T. Rowe Price High Yield Fund.

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November 20, 2024 | 10:15 pm

MFC

Manulife Financial Corporation has announced a $5.4 billion reinsurance transaction with Reinsurance Group of America, which includes $2.4 billion of long-term care reserves. This transaction will release $0.8 billion in capital, which will be returned to shareholders through share buybacks.

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November 20, 2024 | 9:45 pm

CMCSA

Comcast is considering spinning off its NBCUniversal cable portfolio, potentially signaling a need for consolidation in the media industry. This move introduces uncertainty but may influence industry trends.

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November 20, 2024 | 9:45 pm

SNOW

Snowflake has announced its acquisition of Datavolo, a company specializing in data integration for enterprise AI. This move aims to enhance Snowflake's capabilities in managing multimodal data pipelines, particularly in the 'bronze layer' of the data lifecycle.

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November 20, 2024 | 9:30 pm