Streetbeat News

Acquisitions Mergers

PANW

Palo Alto Networks reported strong Q1'25 earnings, announced a 2-for-1 stock split, and showed significant growth in next-generation security ARR. The company's platformization strategy and AI-driven solutions are key growth drivers, with substantial increases in large deals and new platform customers. Despite competitive pressures from CrowdStrike, Palo Alto's diversified platform approach and strategic acquisitions bolster its market position and long-term growth potential.

Portfolio Pulse from

November 23, 2024 | 2:15 pm

KKR

The founding family of Japan's Seven & i Holdings has approached KKR & Co and other investment firms for a potential buyout of the retailer.

Portfolio Pulse from

November 23, 2024 | 10:00 am

CB

Chubb, a stock purchased by Warren Buffett through Berkshire Hathaway over the past year, is highlighted as a potentially lucrative investment opportunity.

Portfolio Pulse from

November 23, 2024 | 9:30 am

RIG

Transocean's CEO is optimistic about the company's future, with a fully contracted fleet for 2024-2026 and high day rates. A potential merger with Seadrill could boost its backlog and fleet. Despite strong fundamentals, Transocean's stock is undervalued due to market skepticism and low oil prices.

Portfolio Pulse from

November 23, 2024 | 9:30 am

PONY

ServiceTitan, Cerebras Systems, and Ming Shing Group went public in the US. Anteris Technologies filed for a $75 million IPO. Pony AI and Venu Holding are scheduled for IPOs next week.

Portfolio Pulse from

November 23, 2024 | 7:30 am

SM

SM Energy's Q3 2024 production exceeded expectations, driven by its Uinta Basin acquisition, which increased production to over 200,000 BOEPD and oil cut above 50%. The company is projected to generate $612 million in 2025 free cash flow with oil prices in the high-$60s.

Portfolio Pulse from

November 23, 2024 | 4:00 am

SVNDY

7-Eleven is involved in a $47 billion takeover battle, attracting interest from potential buyers across two continents. The convenience chain's appeal is driving a competitive bidding war.

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November 23, 2024 | 2:30 am

CTV

Kahn Swick & Foti, LLC is investigating the proposed sale of Innovid Corp. to Mediaocean, focusing on the adequacy of the price and process. Innovid shareholders are set to receive $3.15 per share.

Portfolio Pulse from

November 23, 2024 | 2:15 am

BTRMF

ELECF

Electric Royalties Ltd. has entered into an agreement to acquire a 0.75% gross revenue royalty on the Punitaqui copper mine in Chile from Battery Mineral Resources Corp. for C$3.5 million.

Portfolio Pulse from

November 22, 2024 | 10:45 pm

AMZN

Amazon is investing an additional $4 billion in the generative AI company Anthropic, highlighting the intensifying competition in the generative AI sector.

Portfolio Pulse from

November 22, 2024 | 10:30 pm