Streetbeat News

Acquisitions Mergers

MMLP

Martin Midstream Partners shares rose following the announcement of its acquisition by Martin Resource Management.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:12 pm

MMLP

Martin Midstream Partners L.P. is set to be acquired by Martin Resource Management Corporation in an all-cash transaction valued at $4.02 per common unit.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:12 pm

TRI

Thomson Reuters has agreed to sell its FindLaw business to Internet Brands, with the transaction expected to close in Q4 2024 pending regulatory approvals. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:06 pm

WULF

TeraWulf Inc. has sold its 25% equity interest in the Nautilus Cryptomine joint venture for approximately $92 million, achieving a 3.4x return on investment. The proceeds will be used to expand its Lake Mariner facility, focusing on HPC/AI and Bitcoin mining, with a target of 13 EH/s operating capacity by Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:05 pm

ENOV

JMP Securities initiated coverage on Enovis Corporation (NYSE:ENOV), highlighting its M&A strategy as a core growth driver. Enovis has made around 20 acquisitions in the past 4.5 years, including the significant acquisition of LimaCorporate. The integration of LimaCorporate is progressing well, with revenues exceeding expectations. Despite a 25% YTD decline in stock price, the analyst sees Enovis as undervalued and deserving of a higher P/E multiple, initiating a Market Outperform rating with a $62 price target.

Portfolio Pulse from Vandana Singh

October 03, 2024 | 7:39 pm

ETON

Eton Pharmaceuticals' stock is rising following their announcement of an asset purchase agreement to acquire Increlex from Ipsen.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:55 pm

OWL

Blue Owl is reportedly in discussions to acquire IPI Partners for approximately $1 billion.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:30 pm

EQIX

SRHR

SRVR

Equinix, Inc. (NASDAQ:EQIX) announced a $15 billion joint venture with GIC and CPP Investments to expand its xScale data centers globally, focusing on AI and cloud growth. Equinix will own 25% of the JV, which aims to triple the xScale program's investment capital. EQIX shares are down 0.98%.

Portfolio Pulse from Lekha Gupta

October 03, 2024 | 4:02 pm

CRM

ORCL

Oracle and Salesforce are experiencing significant stock gains due to their advancements in AI and cloud services. Oracle's $6.5 billion investment in Malaysia's cloud infrastructure and Salesforce's new AgentForce platform are key drivers. Both companies show strong bullish signals, with Oracle's long-term global strategy and Salesforce's innovative enterprise solutions positioning them as leaders in the cloud market.

Portfolio Pulse from Surbhi Jain

October 03, 2024 | 3:29 pm

HLX

Helix Energy Solutions is reportedly exploring strategic options, including a potential sale, according to Bloomberg. This development could significantly impact the company's future operations and market position.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:24 pm