Streetbeat News

Acquisitions Mergers

BECN

Beacon (NASDAQ:BECN) has completed the acquisition of H&H Roofing Supply, LLC. The financial terms of the deal were not disclosed. This acquisition is part of Beacon's expansion strategy, having completed nine acquisitions and opened 19 new locations in 2023. The move is expected to benefit contractors in Bakersfield, CA, with additional products and services.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:34 pm

CLLS

IRIX

MNPR

PATI

PAYC

WE

U.S. stocks traded mixed with the Dow down 0.05%, NASDAQ up 0.32%, and S&P 500 up 0.15%. Private businesses added 113,000 workers in October, less than the expected 150,000. Cellectis S.A. (CLLS) shares rose 154% after announcing strategic collaboration with AstraZeneca. Patriot Transportation (PATI) shares rose 105% after an acquisition agreement with United Petroleum Transports. Monopar Therapeutics (MNPR) shares rose 42% after presenting positive data. WeWork (WE) shares fell 50% due to bankruptcy reports. IRIDEX Corporation (IRIX) shares fell 45% after withdrawing its annual guidance. Paycom Software (PAYC) shares fell 37% after reporting worse-than-expected Q3 sales.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 1:42 pm

HEES

H&E Equipment Services has expanded its presence in Central and Southern California by acquiring the rental assets of Giffin Equipment for approximately $13.4 million.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:31 pm

HUBS

HubSpot has announced plans to acquire Clearbit, although the terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:18 pm

CWBR

CohBar (CWBR) received a termination notice from Morphogenesis on November 1, effectively ending their merger agreement as per the terms outlined in the agreement.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:14 pm

CWBR

CohBar's board has determined that there is no viable path forward to consummate a merger, primarily due to oral guidance received from Nasdaq, according to an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:13 pm

TSLA

Elon Musk has explained his acquisition of Twitter, now X, for $44 billion, stating that it was 'propagating a mind virus' having a 'corrosive effect on civilization'. Musk criticized the former Twitter management for weaponizing the philosophy that led to the dire straits of San Francisco. Despite a 57% fall in X's valuation since the acquisition, Musk maintains that the acquisition was worth the price.

Portfolio Pulse from Rounak Jain

November 01, 2023 | 1:01 pm

UBS

The Chairman of the Swiss National Bank has stated that UBS's acquisition of Credit Suisse prevented a global financial crisis, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:47 pm

HSON

Hudson Global, Inc. (Hudson RPO) has announced the acquisition of Hudson Global Resources (Singapore) Pte Ltd, a provider of recruitment services in Southeast Asia. The acquisition is expected to increase Hudson RPO's market presence in the region and generate value for its clients, team, and stockholders. The company believes the acquisition will accelerate its growth in Asia, where RPO adoption has lagged that of other regions.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:41 pm

STRR

Star Equity Holdings' subsidiary, KBS Builders, has won a $1.9 million initial contract to manufacture 12 modules for an affordable housing project in rural Maine. The first phase of the project will provide 18 affordable rental units, expected to be ready by early spring 2024. The project is part of a wider acceptance of modular manufacturing in local government organizations.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:41 pm