Streetbeat News

Acquisitions Mergers

STRW

Strawberry Fields REIT has entered into an $87.5 million purchase agreement to acquire eight healthcare facilities in Missouri. This strategic acquisition is expected to enhance their portfolio and potentially increase revenue streams.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:25 am

JNJ

Johnson & Johnson has updated its full-year 2024 adjusted operational EPS guidance to reflect improved performance and the acquisition of V-Wave. Despite the improved performance outlook, costs associated with the acquisition have more than offset the gains, resulting in a revised EPS of $9.91.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:23 am

WOLF

Wolfspeed Inc. (NYSE:WOLF) saw its stock jump over 16% after signing a $750 million funding deal with the U.S. Department of Commerce under the CHIPS and Science Act. This funding, along with additional financing from a consortium, aims to boost Wolfspeed's silicon carbide production in the U.S.

Portfolio Pulse from Pooja Rajkumari

October 15, 2024 | 10:04 am

NIPG

NIP Group has signed a definitive agreement to acquire a 61% stake in ZSZQ Limited, the parent company of Wuhan Young Will, for approximately US$3.3 million. The deal involves issuing new shares and plans for further acquisitions in 2025, 2026, and 2027, subject to conditions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:02 am

MVPA

OCTA

TTE

TotalEnergies SE (NYSE:TTE) shares are down premarket due to expected lower hydrocarbon production levels in Q3, despite higher gas prices and a $1 billion projection for Integrated LNG results. The company plans significant investments in low-carbon energies and has acquired stakes in offshore wind projects.

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 10:00 am

WOLF

Wolfspeed has announced a proposed $750 million funding from the U.S. CHIPS Act and an additional $750 million from an investment group led by Apollo. This funding aims to strengthen Wolfspeed's position in delivering next-generation silicon carbide technology.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:07 am

CXT

Crane NXT is set to acquire De La Rue Authentication Solutions for £300 million, aiming to enhance its security and authentication capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 6:28 am

INVO

INVO BioScience, Inc. (NASDAQ:INVO) shares surged after announcing a merger with NAYA Biosciences. The combined company will focus on fertility, oncology, and autoimmune diseases, and plans to rebrand as Naya Biosciences with a new ticker 'NAYA'.

Portfolio Pulse from Erica Kollmann

October 14, 2024 | 9:38 pm

PSX

Phillips 66 is selling its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss JV partner for approximately $1.24 billion. The proceeds will support Phillips 66's strategic priorities, including shareholder returns.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 8:37 pm

PHX

PHX Minerals shares rose following WhiteHawk Energy's letter about an acquisition proposal.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 8:11 pm