Streetbeat News

Acquisitions Mergers

AAPL

NVDA

Foxconn is set to build the world's largest Nvidia superchip factory to meet the growing demand for AI technology. This move aligns with Nvidia's strategic goals amid U.S. sanctions against China and positions both companies for growth in the AI market.

Portfolio Pulse from Benzinga Neuro

October 08, 2024 | 6:19 am

FLD

Fold, a Bitcoin-focused financial services company, is moving closer to a Nasdaq listing through a merger with FTAC Emerald Acquisition Corp. The company holds 1,000 BTC in reserves and aims to expand access to Bitcoin financial services.

Portfolio Pulse from Aniket Verma

October 08, 2024 | 5:40 am

PEP

PepsiCo Inc (NASDAQ:PEP) is set to report its Q3 earnings, with analysts expecting revenue of $23.83 billion and EPS of $2.29. The company has a history of beating earnings estimates but has missed revenue estimates in two of the last three quarters. Recent analyst ratings have adjusted price targets slightly. PepsiCo's acquisition of Siete Foods for $1.2 billion could impact its presence in the healthier snack market. The company's performance in North America and potential guidance updates are key areas to watch.

Portfolio Pulse from Chris Katje

October 07, 2024 | 9:10 pm

PANL

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) has announced an agreement to purchase the remaining 50% equity of its subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC for $17.2 million in cash. This acquisition will give Pangaea full ownership of Nordic Bulk Partners, which was initially a joint venture for constructing Ice Class 1A Post-Panamax dry bulk vessels. The transaction is expected to close by November 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:35 pm

IBP

Installed Building Products has acquired Wholesale Insulation Supply, Inc., also known as Insulation Supplies, which adds over $22 million in annual revenue. The acquisition expands IBP's presence in the residential and commercial insulation markets in Minnesota and the upper Midwest.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:19 pm

CNNE

Cannae Holdings, in partnership with KDSA Investment Partners, has agreed to acquire a majority stake in The Watkins Company, a flavoring products company. The deal aims to drive growth and innovation in Watkins' product portfolio. The transaction is expected to close in October 2024.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:13 pm

GDYN

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has acquired Mobile Computing S.A., a software development services provider in Buenos Aires, Argentina. This acquisition enhances Grid Dynamics' capabilities in manufacturing, CPG, and financial services, and strengthens its delivery model.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:08 pm

USPH

U.S. Physical Therapy, Inc. (NYSE:USPH) has signed an agreement to acquire a 50% equity interest in a management services organization that manages 50 physical therapy clinics, primarily in New York. The transaction is expected to close on October 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:07 pm

MRM

MEDIROM Healthcare Technologies shares rose following the announcement of its acquisition of rehabilitation centers. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:06 pm

MRM

MEDIROM Rehab Solutions has acquired rehabilitation centers, though the terms of the acquisition have not been disclosed. This move could potentially expand their market presence and service offerings.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:04 pm