Streetbeat News

Acquisitions Mergers

AXP

GM

KKR

UNH

On CNBC's 'Halftime Report Final Trades,' analysts shared their picks, highlighting UnitedHealth (UNH) with expected 2023 earnings, General Motors (GM) with a share repurchase program and dividend increase, American Express (AXP) benefiting from low interest rates, and KKR & Co. (KKR) acquiring full ownership of Global Atlantic. UnitedHealth shares fell, GM and American Express gained, and KKR jumped in Wednesday's session.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 2:20 pm

AAPL

AMKR

Amkor Technology, Inc. (NASDAQ:AMKR) plans to build a $2 billion advanced packaging and test facility in Peoria, Arizona, creating approximately 2,000 jobs. The facility, which will be the largest outsourced advanced packaging facility in the US, is supported by the CHIPS and Science Act and has Apple (NASDAQ:AAPL) as its first and largest customer. The project is part of efforts to strengthen the US semiconductor supply chain and reduce dependence on foreign manufacturing.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:10 pm

BRK.A

KO

Legendary investor Charlie Munger, who passed away on Nov. 28 at the age of 99, once shared a piece of advice that significantly influenced an investor and was also adopted by Warren Buffett. During a dinner with podcaster David Senra, Munger emphasized the importance of aiming for greatness in life and business. Munger's approach included understanding human nature, expecting and preventing problems, and seeking out great businesses and people. His philosophy shaped Berkshire Hathaway's investment strategies, including the decision to invest in Coca-Cola, and contributed to the company's success.

Portfolio Pulse from Chris Katje

November 30, 2023 | 2:10 pm

BRLI

NUKK

Nukkleus, Inc. (OTC:NUKK) has completed a merger with Brilliant Acquisition Corp (NASDAQ:BRLI), valued at $105 million. The merger positions Nukkleus to expand its digital asset solutions, including a 5% interest in a regulated Bitcoin ETF in Europe, blockchain-enabled payment solutions, digital asset custody and settlement, and AI-driven analytics. The combined entity will operate under the ticker NUKK on the Nasdaq Capital Market, focusing on growth in digital asset services.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:03 pm

CLRC

ClimateRock has decided to immediately terminate its Amended and Restated Business Combination Agreement with Eco Energy World and other involved parties.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:57 pm

PFE

Pfizer Inc. (NYSE:PFE) is discontinuing its PSSM operations in the UK to enhance efficiency. The FDA approved Xtandi, co-developed with Astellas Pharma, for a new prostate cancer indication. Pfizer's dividend yield is 5.45%, with a quarterly dividend of $0.41 per share. To earn $500 monthly in dividends, an investor would need 3,659 shares, valued at approximately $110,063. The article also explains how dividend yield fluctuates with stock price and dividend changes. Pfizer shares rose 1.3% to close at $30.08 on Wednesday.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 1:52 pm

ABBV

IMGN

AbbVie is set to acquire ImmunoGen for $31.26 per share in cash, causing ImmunoGen's stock to trade higher.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:46 pm

SNY

TEVA

Teva Pharmaceutical Industries Ltd. (TEVA) has closed a deal with Sanofi (SNY) to co-develop and co-commercialize TEV '574, a treatment for inflammatory bowel disease currently in Phase 2b trials. Teva will receive $500 million upfront and up to $1 billion in milestones, with shared development costs and profits. Teva leads commercialization in Europe and Israel, while Sanofi leads in North America and Asia. Results are expected in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:41 pm

UAL

United Airlines Holdings announced a $2.6 billion terminal expansion at George Bush Intercontinental Airport in Houston. The project includes a state-of-the-art baggage system, a new club, and is expected to create thousands of jobs, increasing the airport's capacity by 40%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:39 pm

CUEN

Cuentas, Inc. CEO Arik Maimon released a shareholder letter detailing the company's progress in acquisitions, real estate, and construction technology. CUEN is pivoting to real estate, fintech, and cybersecurity markets, with an imminent acquisition of WHEN Group, a move into the $215 billion global security market. The acquisition is pending Nasdaq and shareholder approval. CUEN is also expanding in mobile telecommunications, expecting $4 million in annual revenue from an initial order of 5,000 SIM cards. The company introduced 'Cuentas 360' with advanced security features and announced a partnership for mobile gaming and tokenized rewards in its fintech app. In real estate, CUEN partnered with RENCO on the Lakewood Village project and holds a 63% equity stake in a Tampa property project. Sales have increased to $1 million, a 861% quarter-over-quarter increase, with a 200% growth in cash and accounts receivable. A shareholder meeting is scheduled for December 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:32 pm