Streetbeat News

Acquisitions Mergers

REZI

Resideo Technologies is addressing short-term growth challenges from a soft housing market through strategic acquisitions and new product introductions. The company anticipates modest revenue and EBITDA growth by FY2025, but the stock remains a 'Hold' due to insufficient strong drivers.

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February 26, 2025 | 8:30 am

USLIF

American Salars Lithium Inc. has acquired the Leduc East Lithium Project in Quebec, consisting of 101 mineral claims over 6,100 hectares. This acquisition enhances their lithium exploration potential in a strategically located area near key lithium infrastructure.

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February 26, 2025 | 8:15 am

SVNDY

Itochu has decided not to participate in the buyout of Seven & i Holdings proposed by the retailer's founding family, according to a report by the Nikkei newspaper.

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February 26, 2025 | 8:00 am

BB

BlackBerry is undergoing a significant turnaround by cutting its Cylance division to focus on expanding its QNX platform. This strategic shift aims to enhance BlackBerry's position in the automotive and IoT sectors.

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February 26, 2025 | 4:00 am

META

Meta Platforms is reportedly in discussions to develop a new data center campus for AI projects, potentially costing over $200 billion.

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February 26, 2025 | 1:15 am

OSBC

Old Second Bancorp, Inc. (OSBC) announced a definitive merger agreement to acquire Bancorp Financial, Inc., the parent company of Evergreen Bank Group, in a stock-and-cash transaction. The merger is expected to enhance OSBC's market presence.

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February 25, 2025 | 11:45 pm

ULBI

Ultralife Corporation (NASDAQ: ULBI) will announce its Q4 2024 results on March 11, 2025, later than usual due to the recent acquisition of Electrochem Solutions, Inc.

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February 25, 2025 | 11:15 pm

LE

Lands' End, Inc. has received a letter from Edward S. Lampert urging the company to start a strategic sale process to enhance shareholder value.

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February 25, 2025 | 9:45 pm

FLYW

Flywire Corporation has acquired Sertifi to enhance its travel business, expanding its reach into various hotel segments and integrating Sertifi's software for improved payment processes. This acquisition aims to boost Flywire's monetization of payments in the hospitality sector.

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February 25, 2025 | 9:15 pm

MMSI

Merit Medical reported strong Q4 and FY 2024 results with significant revenue growth and improved operating margins. The company completed strategic acquisitions and received FDA approval for a new device. FY 2025 guidance indicates continued growth.

Portfolio Pulse from

February 25, 2025 | 9:15 pm