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Acquisitions Mergers

MICS

Stingray Group has acquired 1.1 million shares of The Singing Machine Company's common stock through a private placement, as revealed in an amended 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 5:46 pm

BRK-A

BRK-B

Berkshire Hathaway Inc. has sold its entire 2.5% stake in India's Paytm through a block deal, exiting the investment with a sale of 15.6 million shares at 877.20 rupees each, totaling approximately $167.94 million. The shares were sold on India's National Stock Exchange, and the buyers included Copthall Mauritius Investment Ltd. and Ghisallo Master Fund LP. Berkshire Hathaway's shares (BRK-A and BRK-B) saw a slight decrease in their last trading session.

Portfolio Pulse from Nabaparna Bhattacharya

November 24, 2023 | 5:38 pm

FLJ

ICLK

IMPL

IRBT

LQR

FLJ Group Limited's stock soared by 96.4% after announcing an agreement to acquire Alpha Mind Technology. Other stocks also saw significant movements in Friday's mid-day session, with Versus Systems Inc. leading the gainers after a strategic investment from Cronus Equity Capital Group. iRobot Corporation's stock rose due to Amazon's proposed acquisition nearing EU antitrust approval. iClick Interactive Asia Group Limited climbed after a merger deal. On the losers' side, LQR House Inc. dropped after receiving a Nasdaq delisting determination, and Impel Pharmaceuticals Inc. dipped following a recent surge.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 5:21 pm

EADSY

Thai Airways International Pcl is planning a major fleet expansion by acquiring up to 90 aircraft from Airbus SE (OTC:EADSY) and Boeing Co (NYSE:BA). The order includes up to 80 twin-aisle jets and negotiations for leasing around a dozen narrowbody aircraft. The deliveries are expected to start in 2026, with Thai Airways potentially acquiring up to 40 Boeing 787 Dreamliners. Boeing shares saw a slight decrease of 0.15% to $217.38.

Portfolio Pulse from Shivani Kumaresan

November 24, 2023 | 5:08 pm

PBR

YPF

The CEO of Petrobras, a Brazilian oil company, has indicated that the company is open to potential acquisitions in Argentina, including companies like YPF and others. This statement suggests that Petrobras is looking to expand its operations and presence in the Argentinian market.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 5:00 pm

AMZN

BITF

CUEN

FLJ

ICLK

IMPL

IRBT

U.S. stocks showed mixed performance with the Dow Jones gaining, while the NASDAQ and S&P 500 fell slightly. Energy shares surged, but communication services shares declined. The U.S. services PMI rose to 50.8, indicating expansion. FLJ Group announced an acquisition agreement, boosting its shares by 68%. iRobot shares increased by 33% as Amazon's acquisition is close to EU approval. iClick Interactive also rose after a merger deal. Conversely, Impel Pharmaceuticals, Cuentas, and Bitfarms shares fell following various company-specific news. Oil prices edged lower, while gold and silver rose.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 4:56 pm

ICLK

iClick Interactive Asia Group's stock is trading higher following the announcement of a definitive merger agreement for a going-private transaction.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 4:39 pm

Versus Systems' stock price has increased following the announcement of an investment from Cronus Equity Capital Group, LLC.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 4:31 pm

AMZN

IRBT

iRobot Corporation (NASDAQ:IRBT) stock is surging following a Reuters report that the European Commission is likely to approve Amazon's (NASDAQ:AMZN) $1.4 billion acquisition of iRobot without conditions. The UK antitrust agency has already unconditionally cleared the deal. iRobot's stock is experiencing heavy trading volume, with over 4.5 million shares traded compared to its 100-day average of less than 260 thousand. The stock has also been a target for short-sellers, with 15.07% of IRBT shares sold short. At the time of publication, iRobot shares have risen by 36% to $40.64.

Portfolio Pulse from Erica Kollmann

November 24, 2023 | 4:21 pm

SPRC

SciSparc Ltd. (NASDAQ:SPRC) stock surged after announcing the launch of a clinical trial for a treatment combining CBD and the company's proprietary compound for autism symptoms. The trial will involve 60 participants aged 5-18. Additionally, SciSparc recently signed a letter of intent to merge with an Israeli vehicle importer. SPRC shares have seen heavy trading, with volumes far exceeding the 100-day average.

Portfolio Pulse from Erica Kollmann

November 24, 2023 | 4:19 pm