Streetbeat News

Acquisitions Mergers

ALTM

RIO

Rio Tinto has announced a $6.7 billion acquisition of Arcadium Lithium, a major Tesla supplier, in an all-cash deal. This acquisition positions Rio Tinto as a leader in the lithium market, crucial for the energy transition. Arcadium's shares surged over 30% pre-market, while Rio Tinto's shares dipped slightly.

Portfolio Pulse from Pooja Rajkumari

October 09, 2024 | 10:39 am

CLF

Cleveland-Cliffs has received a 'no-action letter' from the Canadian Competition Bureau, indicating that the Commissioner of Competition will not challenge its pending acquisition of Stelco Holdings.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:06 am

ZETA

Zeta has announced a deal to acquire Liveintent for $250 million. This acquisition could enhance Zeta's capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 9:16 am

NEM

Newmont has agreed to divest its Akyem Mine to Zijin Mining in a $1 billion deal. Newmont will receive $900 million in cash upon closing and an additional $100 million upon meeting certain conditions.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:47 am

MTAL

Metals Acquisition Limited (MAC) has announced an institutional placement to raise approximately A$140 million by issuing 7.8 million new Chess Depositary Interests at A$18 each. The funds will help optimize MAC's balance sheet and support strategic growth following its acquisition of CSA from Glencore.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:29 am

ALTM

RIO

Rio Tinto is set to acquire Arcadium Lithium for $6.7 billion at $5.85 per share, enhancing its position in the global lithium market. This acquisition aligns with Rio Tinto's strategy to expand in high-growth markets and leverage its project development capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 5:58 am

FFIE

Faraday Future (FFIE) has received a 10% stake in Grow Fandor from its founder YT Jia. Jia transferred nearly 60% of his personal shares, equating to 10% of Grow Fandor's total shares, to Faraday Future as a gift.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 5:50 am

AMZN

COIN

HOOD

META

Cathie Wood's Ark Invest made significant trades involving Amazon, Robinhood, Coinbase, and Meta. Ark purchased Amazon shares despite a downgrade and antitrust concerns, sold Robinhood shares despite new features, and bought Coinbase shares following regulatory adjustments. Meta shares were also acquired.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 2:49 am

PFE

Pfizer CEO Albert Bourla is set to meet with activist investor Starboard Value, which has built a $1 billion stake in the company, to discuss revitalizing Pfizer's struggling stock. Starboard is pushing for strategic changes and cost cuts, as Pfizer's stock has fallen over 30% in two years.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 2:47 am

HGV

Hilton Grand Vacations has acquired The Citadines Kyoto Karasuma Gojo in Kyoto, Japan, marking its first property in Kyoto and third in Japan. Renovations are set to start in Q2 2025, with completion in Q1 2026. Sales are expected to begin in Q2 2025.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 9:32 pm