Streetbeat News

Acquisitions Mergers

TELL

Tellurian Inc. has announced its intention to delist from the NYSE and redeem its 8.25% Senior Notes due 2028 following its merger with Woodside Energy. This move is part of the merger agreement where Tellurian becomes a wholly owned subsidiary of Woodside Energy.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:37 pm

ALTM

RIO

Arcadium Lithium shares surged following the announcement of its acquisition by Rio Tinto.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:19 pm

PTF

QMOM

ZETA

Zeta Global Holdings Corp. (NYSE:ZETA) is acquiring LiveIntent for $250 million, enhancing its AI-driven marketing capabilities. The acquisition is expected to be accretive to earnings and is priced at an attractive EBITDA multiple. Zeta's shares rose 4.27% premarket.

Portfolio Pulse from Lekha Gupta

October 09, 2024 | 12:05 pm

JNJ

Johnson & Johnson has completed the acquisition of V-Wave. The company expects this transaction to dilute its adjusted EPS by approximately $0.24 in 2024 and $0.06 in 2025. An update to the 2024 outlook will be provided in the October 15 earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:03 pm

AMZN

ARKK

SHOP

Cathie Wood, CEO of ARK Investment Management, has been increasing her stake in Amazon through various ARK ETFs, betting on its long-term growth potential despite current challenges like FTC investigations and increased competition. Opinions are divided on her strategy, with some seeing it as a bold move and others as risky.

Portfolio Pulse from Ananya Gairola

October 09, 2024 | 11:50 am

CGC

Canopy Growth has announced that its subsidiary, Canopy USA, has completed the acquisition of Wana, a cannabis edibles company, for an undisclosed amount. This move is part of Canopy Growth's strategy to expand its presence in the cannabis market.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:34 am

CSCO

HPQ

XRX

The article highlights three tech stocks with high dividend yields: Xerox Holdings Corporation, HP Inc., and Cisco Systems, Inc. Analysts have provided ratings and price targets for these stocks, with Xerox facing a Hold and Sell rating, HP being downgraded to Neutral, and Cisco receiving an Outperform and Buy rating. Recent news includes Xerox's CFO retirement, HP's acquisition of Vyopta, and Cisco's expanded partnership with VAST Data.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 11:16 am

MRX

Marex Group has agreed to acquire Hamilton Court Group, a company offering a range of FX products. The terms of the acquisition have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:11 am

RIME

Algorhythm has signed a Master Service Agreement with a Mumbai-based multinational consumer goods company. The agreement involves Algorhythm's subsidiary, SemiCab, providing AI-powered shipping services in India, starting mid-October 2024. Algorhythm plans to acquire its Indian subsidiary, SMCB Private Solutions Limited, by Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:09 am

NEM

RING

Newmont Corporation has agreed to sell its Akyem operation in Ghana to Zijin Mining Group for up to $1 billion, aligning with its strategy to focus on Tier 1 assets. The deal includes $900 million in cash at closing and $100 million contingent on certain conditions. The transaction is expected to close in Q4 2024, with proceeds supporting capital allocation priorities. Newmont remains committed to Ghana with significant investment plans in the Ahafo North project.

Portfolio Pulse from Lekha Gupta

October 09, 2024 | 11:02 am