Streetbeat News

Acquisitions Mergers

TMO

Thermo Fisher's shares are expected to benefit from end market growth and recent strategic acquisitions, including the $3.1 billion acquisition of Olink Holdings.

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November 20, 2024 | 4:45 pm

AMCR

BERY

Amcor has announced a merger agreement with Berry Global, expecting $650 million in synergies by the end of the third year post-closing.

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November 20, 2024 | 4:30 pm

CMCSA

Comcast is spinning off its cable channels into a separate company to pursue new growth opportunities, as the cable television business has been stagnant.

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November 20, 2024 | 4:30 pm

FCPT

Four Corners Property Trust (FCPT) has expanded its portfolio by acquiring properties of Raising Cane's, Dollar General, and Jiffy Lube for a total of $6.6 million.

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November 20, 2024 | 4:30 pm

PONY

Chinese autonomous vehicle startup Pony AI has increased its IPO target to $260 million as it plans to go public on the Nasdaq stock exchange.

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November 20, 2024 | 4:15 pm

PONY

Pony AI, a Chinese autonomous driving company, is planning an upsized IPO in the US, targeting a valuation of up to $4.55 billion. The company aims to raise up to $260 million by offering 20 million American depositary shares priced between $11 and $13.

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November 20, 2024 | 4:00 pm

BALY

Bally's Corporation has received shareholder approval for its merger with The Queen Casino. This strategic move is expected to provide geographic diversity and open new market opportunities, potentially enhancing revenues and creating long-term value.

Portfolio Pulse from

November 20, 2024 | 3:45 pm

BAYRY

CYTK

Bayer has entered into a collaboration and license agreement with Cytokinetics for the exclusive development and commercialization of the cardiovascular drug aficamten in Japan.

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November 20, 2024 | 3:45 pm

GRFS

Grifols' board has rejected a buyout offer from Brookfield, stating that the offer undervalues the company's prospects. Following the announcement, Grifols' stock fell by 8%.

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November 20, 2024 | 3:45 pm

TRTN

Triton International's preferred shares offer an 8.3% yield and are well-covered despite the acquisition by Brookfield Infrastructure. The company has a strong dividend coverage ratio and a solid balance sheet, ensuring a buffer for preferred shareholders.

Portfolio Pulse from

November 20, 2024 | 3:45 pm