Streetbeat News

Acquisitions Mergers

ARES

Ares Management's stock is trading lower following the announcement of a definitive agreement to acquire GCP International.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 1:55 pm

INTC

ORCL

Intel is struggling with a significant stock decline and potential takeover interest from Apollo Global Management, while Oracle is thriving with a strong push into AI and cloud computing, marked by a $6.5 billion investment in Malaysia. Analysts are more optimistic about Oracle's future compared to Intel.

Portfolio Pulse from Surbhi Jain

October 08, 2024 | 1:21 pm

CHUY

DOCU

MDU

DocuSign Inc (NASDAQ:DOCU) shares are trading higher after the announcement that it will join the S&P MidCap 400, replacing MDU Resources Group. This change is part of a broader index shakeup due to Darden Restaurants' acquisition of Chuy’s Holdings. DocuSign has shown strong financial performance, with a 7% revenue increase year-over-year and a positive revenue outlook for the fiscal year 2025.

Portfolio Pulse from Adam Eckert

October 08, 2024 | 1:11 pm

NET

Cloudflare has acquired Kivera to enhance its Cloudflare One platform with preventive cloud security controls. This acquisition aims to improve security for businesses using major cloud providers by integrating proactive data protection and compliance measures.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 1:05 pm

SNAL

Snail, Inc. (NASDAQ:SNAL) has acquired publishing rights for three new game titles through its indie branch, Wandering Wizard. This move highlights Snail Games' dedication to offering diverse gaming experiences.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 12:39 pm

ALCE

Alternus Clean Energy, Inc. (NASDAQ:ALCE) has sold its subsidiary Solis Bond Company DAC, along with its Romanian subsidiaries, to Solis Trustee Special Vehicle Limited. This transaction removes $100 million in debt and payables from Alternus' balance sheet and improves shareholder equity by $45 million. Solis accounted for 98% of Alternus' revenues for the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 12:37 pm

NVEE

NV5 has expanded its U.S. data center services by acquiring Kisebach Consulting and Senergy BCS. These acquisitions are expected to contribute immediately to NV5's data center growth through established client relationships and existing business.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 12:04 pm

ACI

KR

Kroger has extended the deadline for its exchange offers and consent solicitations related to Albertsons' notes to October 16, 2024. This involves exchanging Albertsons' notes for new Kroger notes and cash, with proposed amendments to the indentures becoming operative upon settlement.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:50 am

MYND

Mynd.ai has sold a non-strategic unit for $20 million as part of its strategic actions to enhance operations and increase shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:37 am

MAIN

Main Street Capital has announced a $74.4 million investment to recapitalize Victory Energy Operations. This move is part of Main Street's strategy to support and grow its portfolio companies.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:22 am