Streetbeat News

Acquisitions Mergers

KELYA

KELYB

Kelly has acquired Children's Therapy Center to enhance its Pediatric Therapy Services, expanding its market leadership in providing therapy services for children. This acquisition will benefit Minnesota school districts by integrating therapy services with existing partnerships.

Portfolio Pulse from

November 19, 2024 | 6:15 pm

GS

Goldman Sachs is considering spinning off its Digital Assets Platform (GS DAP) into an industry-owned solution. The company plans to collaborate with TW to explore new business opportunities for the platform.

Portfolio Pulse from

November 19, 2024 | 6:00 pm

LANC

Lancaster Colony Corporation (LANC) is acquiring a sauce and dressing production facility in Atlanta. This strategic acquisition aims to support LANC's growth and align with its long-term business goals.

Portfolio Pulse from

November 19, 2024 | 5:45 pm

PLL

Piedmont Lithium and Sayona Mining Limited are merging in an all-stock deal to create a leading lithium producer with a stronger balance sheet and growth potential.

Portfolio Pulse from

November 19, 2024 | 5:30 pm

STGW

Stagwell (STGW) reported strong 3Q24 results with 8.5% year-over-year net revenue growth, driven by new business wins and expansion in digital transformation and marketing cloud segments. The company's solid client relationships and strategic acquisitions support a positive growth outlook, leading to a buy rating.

Portfolio Pulse from

November 19, 2024 | 5:30 pm

TDG

TransDigm Group Incorporated has shown impressive financial performance with over 20% growth in sales and EBITDA, surpassing FY24 estimates. The company projects continued double-digit growth in FY25, driven by strong aftermarket sales and a successful M&A strategy. TransDigm's potential for special dividends and a 16% upside make it an attractive investment.

Portfolio Pulse from

November 19, 2024 | 5:15 pm

MMYT

MakeMyTrip is set to acquire Happay Expense Management, which is expected to enhance its corporate travel offerings.

Portfolio Pulse from

November 19, 2024 | 5:00 pm

AMCR

BERY

Amcor has announced an $8.4 billion all-stock acquisition of Berry Global Group, a move that consolidates its position in the consumer packaging industry.

Portfolio Pulse from

November 19, 2024 | 5:00 pm

NEM

Newmont Corporation has sold its Musselwhite gold mine in Ontario to Orla Mining for $810 million. This divestment is part of Newmont's strategy to focus on core assets and may lead to further share buybacks, according to Jefferies analysts.

Portfolio Pulse from

November 19, 2024 | 4:45 pm

DVN

Devon Energy, a $25.5 billion oil E&P company, faces challenges due to low Permian basin natural gas prices, despite its strong operations and upcoming benefits from the Grayson Mill acquisition.

Portfolio Pulse from

November 19, 2024 | 4:15 pm