Streetbeat News

Acquisitions Mergers

DNRSF

Denarius Metals Corp. has completed the acquisition of 100% interest in the Toral Zn-Pb-Ag Project in Northern Spain by acquiring all shares of Europa Metals Iberia S.L. from Europa Metals Ltd.

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November 12, 2024 | 10:15 pm

AE

Monteverde & Associates PC is investigating the proposed merger of Adams Resources & Energy, Inc. with an affiliate of Tres Energy LLC. Adams stockholders are set to receive $38.00 per share in cash.

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November 12, 2024 | 10:15 pm

TEM

Tempus AI, Inc., a company leveraging AI for precision medicine, has shown strong growth since its June 2024 listing. It presents a buying opportunity due to its vast data library, advanced AI algorithms, and partnerships with Merck and BioNTech. Despite concerns over profitability and cash burn, its revenue growth and strategic acquisitions make it a compelling long-term investment.

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November 12, 2024 | 10:15 pm

PWM

Prestige Wealth Inc. (NASDAQ: PWM) announced the acquisition of Tokyo Bay Management Inc. for $1.5 million, paid in newly issued shares and warrants. The acquisition is expected to close in Q4 2024, enhancing PWM's strategy in the Asian wealth management sector.

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November 12, 2024 | 10:15 pm

CE

Celanese Corporation's acquisition of DuPont's Materials & Mobility business increased its leverage significantly. Despite initial optimism, earnings have declined, raising leverage ratios. The company has responded with a 95% dividend cut, production idling, and cost-saving measures, but market conditions will be crucial.

Portfolio Pulse from

November 12, 2024 | 10:00 pm

GRUB

Marc Lore's startup, Wonder, is nearing a deal to acquire Grubhub from Just Eat Takeaway.com. This move involves a former Walmart executive, but Walmart itself is not directly involved in the transaction.

Portfolio Pulse from

November 12, 2024 | 10:00 pm

CPB

Campbell Soup Company (NASDAQ:CPB) has announced the sale of its noosa yoghurt business to Lakeview Farms, LLC. The terms of the transaction were not disclosed. Campbell's acquired noosa as part of the Sovos Brands acquisition in March 2024, and had planned to evaluate strategic alternatives for the brand.

Portfolio Pulse from

November 12, 2024 | 9:45 pm

NNDM

Nano Dimension has released a presentation detailing its strategy for value creation for shareholders, emphasizing its achievements in mergers and acquisitions, financial and operational improvements, and governance enhancements.

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November 12, 2024 | 9:30 pm

AHR

American Healthcare REIT (NYSE: AHR) reported its third quarter 2024 results and increased its full year 2024 guidance. The update includes the impact of AHR's recent acquisition to become the sole owner of Trilogy.

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November 12, 2024 | 9:30 pm

RIVN

VWAGY

Rivian Automotive and Volkswagen Group have announced a joint venture named 'Rivian and VW Group Technology, LLC' with a deal size of up to $5.8 billion, set to begin on November 13. The JV aims to develop next-generation electrical architecture and software.

Portfolio Pulse from

November 12, 2024 | 9:30 pm