Streetbeat News

Acquisitions Mergers

IVP

Inspire Veterinary Partners has sold Kauai Veterinary Clinic to Kauai RE Holdings for $2.16 million. This move is part of their strategy to consolidate operations on the mainland.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:52 pm

JWN

KeyBanc Capital Markets downgraded Nordstrom (NYSE:JWN) from Overweight to Sector Weight due to consumer pressure and potential M&A impact. The Nordstrom Family and Liverpool proposed a go-private transaction at $23 per share, which may limit stock upside.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2024 | 6:35 pm

MSFT

OpenAI, backed by Microsoft, is transitioning from a non-profit to a for-profit benefit corporation to attract investors. CEO Sam Altman, reinstated after a brief removal, aims to flatten the company's structure and elevate new leaders. Several top executives, including CTO Mira Murati, have left the company.

Portfolio Pulse from Vandana Singh

September 26, 2024 | 5:37 pm

MMNFF

A new three-part series by Bungalow Media + Entertainment will explore the journey of Adam Bierman, co-founder of MedMen Enterprises Inc, the first American cannabis unicorn. The series is based on Bierman's upcoming book, detailing his experiences in the cannabis industry, including challenges with gangsters and government corruption. MedMen, founded in 2010, became a billion-dollar company but faced setbacks, including a failed acquisition and Bierman's departure in 2020. Bierman later won a $3.1 million arbitration settlement from MedMen in 2023.

Portfolio Pulse from Jelena Martinovic

September 26, 2024 | 5:24 pm

DOCN

DigitalOcean shares are experiencing an upward trend due to speculation and rumors regarding potential mergers and acquisitions involving the company.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:14 pm

DOCN

NET

Traders are circulating an unconfirmed blog suggesting a takeover rumor involving DigitalOcean Holdings, with speculation that Cloudflare might be involved at a price of $55 per share.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:09 pm

HOPE

TBNK

Blue Hill Advisors has increased its cash offer for Territorial Bancorp from $12 to $12.50 per share, a 27% premium over Hope Bancorp's proposed takeover. This move is part of Blue Hill's strategy to present a more attractive deal to Territorial's shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:45 pm

MPU

Mega Matrix shares are declining following the announcement of shareholder approval for a redomicile merger to the Cayman Islands, expected to complete on October 8th.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:29 pm

GLNG

Traders are circulating an unconfirmed rumor that Perenco is in talks to acquire Golar LNG. This speculation could impact Golar LNG's stock price as investors react to the potential acquisition news.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:59 pm

E

KKR

Eni is reportedly in talks with funds for a second biofuel stake sale as it prepares a deal with KKR. This move is part of Eni's strategy to expand its biofuel business.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:52 pm