Streetbeat News

Acquisitions Mergers

CDE

SILV

Coeur Mining has agreed to acquire SilverCrest Metals in a deal valued at approximately $1.7 billion, following a court-approved plan of arrangement.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 11:09 am

JBLU

NVDA

QQQ

SAVE

SPY

US stocks are on edge as traders await the crucial jobs report. AI stocks received a boost from OpenAI's funding and Nvidia's strong demand for new chips. Spirit Airlines is exploring bankruptcy after a failed merger with JetBlue, which saw its stock rise. The SPDR S&P 500 ETF and Invesco QQQ ETF showed gains in premarket trading.

Portfolio Pulse from Shanthi Rexaline

October 04, 2024 | 10:20 am

APOG

LFCR

MMLP

SND

UAVS

Apogee Enterprises is expected to report earnings, Smart Sand declared a dividend and buyback, Lifecore Biomedical is expected to post a loss, Martin Midstream Partners is being acquired, and AgEagle Aerial Systems announced a reverse stock split.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 6:15 am

SAVE

Spirit Airlines is in discussions with bondholders about a potential Chapter 11 bankruptcy filing following a failed merger with JetBlue Airways. The airline is considering restructuring its balance sheet, focusing on reaching an agreement with creditors.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:21 pm

HON

ISSC

Innovative Solutions & Support (IS&S) has acquired a license from Honeywell to manufacture, upgrade, and repair military display generators and flight control computers. This deal grants IS&S exclusive intellectual property rights and existing inventory, enhancing its military aviation capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:52 pm

BX

Blackstone's portfolio company, Power Grid Components, has acquired Vizimax, a provider of solutions for high- and medium-voltage electric power systems. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:28 pm

DSGR

Distribution Solutions Group's TestEquity is set to acquire ConRes Test Equipment, which generates $12 million in annual sales. The acquisition is expected to enhance DSG's EBITDA margins and will be funded through existing cash and credit. The deal is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:03 pm

ACN

NVDA

OpenAI's valuation surpasses $150 billion, signaling a surge in AI spending. Nvidia and Accenture's partnership is pivotal in this growth, with Nvidia's GPUs driving significant tech sector impact. OpenAI's restructuring and funding boost its role in the AI revolution.

Portfolio Pulse from Adam Eckert

October 03, 2024 | 8:50 pm

SNDA

Sonida Senior Living, Inc. (NYSE:SNDA) has announced the acquisition of two new senior living communities in Atlanta, GA for $29 million, and completed the acquisition of eight communities in the Southeast for $103 million. The company has also increased its senior secured revolving credit facility by $75 million, bringing the total capacity to $150 million.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:16 pm

GLOB

Globant has acquired US-based IT services consulting firm Exusia, which has partnerships with major tech companies and a strong presence in the US market. The acquisition will retain Exusia's management and team.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:15 pm