Streetbeat News

Acquisitions Mergers

CLF

Cleveland-Cliffs has received the final regulatory and program approvals under the Investment Canada Act and Strategic Innovation Fund to complete its acquisition of Stelco Holdings Inc.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:11 am

NCNO

nCino has entered into a definitive agreement to acquire UK-based FullCircl for $135 million in cash. This acquisition aims to enhance nCino's capabilities in onboarding and client lifecycle management. $15 million of the purchase price will be retained by nCino for two years as security for performance warranties. nCino will update on the financial impact during its Q3 earnings release.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:08 am

NVDA

ORCL

Crusoe Energy, a data center startup, has raised $500 million led by Founders Fund to expand its AI infrastructure. The investment values Crusoe at $3 billion, highlighting the growth of the neocloud industry. The funds will help acquire NVIDIA's AI chips and finance a new data center in Texas, leased to Oracle.

Portfolio Pulse from Benzinga Neuro

October 30, 2024 | 2:43 am

ACHR

ARKK

ARKW

TSLA

Cathie Wood's Ark Invest made significant trades, selling Tesla shares and buying Archer Aviation shares. The move comes after Tesla's strong earnings and Archer's progress in eVTOL aircraft development. Other trades included Robinhood, Meta, Illumina, CareDx, Unity Software, and Natera.

Portfolio Pulse from Benzinga Neuro

October 30, 2024 | 1:42 am

FSUN

HMST

FirstSun Capital Bancorp and HomeStreet are facing challenges as regulators are unwilling to approve their merger. The companies are now discussing potential termination terms if no alternative structure is feasible.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:41 pm

OII

Oceaneering has acquired UK-based Global Design Innovation Ltd., a digital and software services provider. The financial terms were not disclosed. GDi will maintain its brand identity, and its financial results will be reported under Oceaneering's IMDS segment.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:04 pm

ELPW

TMTC

TMT Acquisition Corp shareholders have approved a business combination with eLong Power Holding Limited. The new entity will trade on Nasdaq under the symbol 'ELPW'.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:03 pm

AKR

CZR

Caesars Entertainment has agreed to sell the LINQ Promenade to a joint venture between TPG Real Estate and Acadia Realty Trust for $275 million. The deal is expected to close in Q4 2024, pending customary approvals.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:03 pm

GVP

GSE Solutions' stockholders have approved a merger with Pelican Energy Partners, where Pelican will acquire all outstanding common stock of GSE for $4.60 per share.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:35 pm

THRY

Thryv Holdings, Inc. (NASDAQ:THRY) has announced a $75 million public offering of its common stock to fund its acquisition of Infusion Software, Inc. RBC Capital Markets is managing the offering.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:25 pm