Streetbeat News

Acquisitions Mergers

CMG

Chipotle's Cultivate Next Fund has invested in AI supply chain platform Lumachain and Mediterranean-inspired fast-casual concept Brassica. These investments aim to enhance food production and support Chipotle's growth towards 7,000 restaurants.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:33 pm

MRM

Medirom Healthcare Technologies and Elematec Corporation have entered into a capital and business alliance agreement. Elematec will participate in Medirom's Series A financing round by purchasing 556 newly issued Series A preferred shares for JPY100,080,000.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:28 pm

DEA

NOC

Easterly Government Properties has acquired a 104,136 square foot facility in Aurora, Colorado, fully leased to Northrop Grumman Systems Corporation. The facility is adjacent to Buckley Space Force Base and meets high security standards.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:23 pm

CTLT

HAL

LLY

NVO

UEC

Jim Cramer recommends Uranium Energy Corp. (UEC) due to its acquisition of Rio Tinto's Wyoming assets, while expressing skepticism about Novo Nordisk (NVO) compared to Eli Lilly (LLY). Concerns arise over Novo Nordisk's acquisition of Catalent (CTLT) due to potential antitrust issues. Cramer advises against Halliburton (HAL), despite a Buy rating from BofA Securities.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 12:22 pm

JNJ

Johnson & Johnson reported Q3 earnings with a revenue and EPS beat, driven by strong cancer drug sales. The company revised its annual outlook to reflect the V-Wave acquisition. Despite the positive earnings, JNJ stock was down 1.29% in premarket trading.

Portfolio Pulse from Vandana Singh

October 15, 2024 | 12:20 pm

ACHC

Acadia Healthcare has acquired three opioid treatment clinics in South Carolina, expanding its comprehensive treatment centers to the state and reaching a total of 165 locations nationwide.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:13 pm

DJT

SCHW

WOLF

Wolfspeed secures $1.5B in funding, Charles Schwab reports strong Q3 results, and Trump Media & Technology Group shares rise following a new cryptocurrency launch.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:12 pm

NBR

Nabors Industries (NYSE:NBR) is set to acquire Parker Wellbore by exchanging 4.8 million shares of Nabors common stock and assuming $100 million in net debt. The acquisition is expected to enhance Nabors' EBITDA and improve leverage metrics.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:08 pm

SBSW

Sibanye-Stillwater (NYSE:SBSW) lost a $1.2 billion lawsuit in the UK High Court for terminating a deal to acquire two Brazilian mines from Appian Capital Advisory. The court ruled that Sibanye had no right to terminate the agreements, but dismissed claims of misconduct against its management. Damages will be determined in a separate trial in 2025.

Portfolio Pulse from Stjepan Kalinic

October 15, 2024 | 10:43 am

PRMW

Primo Water has declared a special cash dividend of $0.82 per common share, payable on November 21. This is related to the previously announced all-stock combination with BlueTriton Brands.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:36 am