Streetbeat News

Acquisitions Mergers

BW

Babcock & Wilcox is selling its Italy-based SPIG S.p.A. and Sweden-based Babcock & Wilcox Vølund AB to AUCTUS for $40 million. The transaction is expected to close by the end of October, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 10:31 am

CLSK

CleanSpark has achieved a 30 EH/s operational hashrate, with plans to exceed 37 EH/s by the end of 2024 and continue growing to 50 EH/s in 2025. The company's hashrate has increased by 200% since October 2023, driven by organic growth, acquisitions, and fleet upgrades.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 10:02 am

GRTS

Gritstone Bio has voluntarily filed for Chapter 11 restructuring to preserve value and support its strategic alternatives process. The company is in talks with a potential stalking horse bidder and plans to present an agreement to the court soon.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 9:51 am

ARES

Ares Management has priced $750M in 5.600% senior notes due 2054, with net proceeds of $737.7M. The funds will support the acquisition of GLP Capital Partners' international business and other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:50 am

AMD

ARKQ

ARKX

NVDA

Cathie Wood's Ark Invest has purchased 3,000 shares of AMD through its ARKQ and ARKX ETFs, amidst a competitive semiconductor landscape. AMD is showing resilience, with a focus on AI and data center growth, while Nvidia remains a dominant player.

Portfolio Pulse from Benzinga Neuro

October 10, 2024 | 1:41 am

BIP

BIPC

Brookfield Infrastructure Partners and Brookfield Infrastructure have announced plans to complete a reorganization. This will result in BIPC shareholders owning a security with equivalent economic benefits and governance. The reorganization is expected to be tax-deferred for most investors, including those in Canada and the U.S.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 9:45 pm

CNM

Core & Main has agreed to acquire substantially all assets of ARGCO Northeast LLC, a distributor of fire protection products. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:52 pm

CNM

Core & Main Inc. (NYSE:CNM) has signed an agreement to acquire Eastcom Associates Inc., a distributor of underground utility protection equipment. The acquisition aims to enhance Core & Main's infrastructure services. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:19 pm

PGRU

PropertyGuru shareholders have approved a merger agreement with Hedychium Group. The merger is expected to close in Q4 2024 or Q1 2025, after which PropertyGuru will become a private company.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:17 pm

BLMZ

BloomZ has been chosen as the primary animation production contractor for a new project, acquiring rights to the opening music, overseas distribution, and commercialization. The company plans to expand into the global animation market through strategic alliances and diversified revenue streams.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:07 pm