Streetbeat News

Acquisitions Mergers

CSR

Centerspace has expanded its presence in Denver by acquiring The Lydian for $54 million. The acquisition was financed through a combination of mortgage debt, operating partnership units, and cash. Additionally, Centerspace completed the redemption of its 6.625% Series C Preferred Shares, using proceeds from ATM sales and debt pay down.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:32 pm

BAC

LEVI

Levi Strauss is conducting a strategic review of its Dockers brand, considering a potential sale or other strategic transactions. Bank of America has been retained as the financial advisor. There is no set deadline or guarantee of any outcome.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:26 pm

TPL

Texas Pacific Land Corporation has completed the acquisition of oil and gas mineral and royalty interests in the Permian Basin for $286 million in cash. This strategic move is expected to enhance TPL's asset portfolio and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:16 pm

FNF

Fidelity National Financial (FNF) has acquired the commercial operations of First Nationwide Title Agency (FNTA), a New York City-based team. This acquisition aligns with FNF's strategy to enhance its portfolio and service for commercial real estate clients. Key leadership from FNTA, including President and CEO Steven Napolitano, will join FNF to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:12 pm

RLGT

Radiant Logistics has acquired Focus Logistics, though the terms of the deal have not been disclosed. This acquisition could potentially expand Radiant's service offerings and market reach.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:06 pm

CIGI

Colliers' subsidiary Englobe has acquired Goodkey, Weedmark & Associates Limited, a building engineering consulting firm in Ontario. This acquisition will enhance Englobe's service capabilities in Canada, with GWAL's leadership becoming shareholders under Colliers' partnership model.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:04 pm

TNFA

TNF Pharmaceuticals shares rose after announcing a strategic equity investment from Prevail Partners at a 40% premium to the market price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 7:44 pm

AAPL

MSFT

NVDA

OpenAI has raised $6.6 billion in funding, boosting its valuation to $157 billion. The funding round, led by Thrive Capital, is one of the largest private investments, with Microsoft as a key backer. Apple, Nvidia, and SoftBank were also involved in discussions.

Portfolio Pulse from Adam Eckert

October 02, 2024 | 7:27 pm

SMC

Summit Midstream Corporation (NYSE:SMC) shares surged after announcing the acquisition of Tall Oak Midstream Operating, LLC for $155 million in cash and common stock. This strategic move expands Summit's operations, reduces leverage, and diversifies its commodity portfolio.

Portfolio Pulse from Vaishali Prayag

October 02, 2024 | 6:51 pm

MVPA

OCTA

TTE

TotalEnergies SE (NYSE:TTE) shares rose after announcing a strategic expansion in LNG and renewables, alongside a significant share buyback plan. The company aims for 3% annual growth in oil & gas production and 4% in global energy production through 2030, with substantial investments in low-carbon energies.

Portfolio Pulse from Lekha Gupta

October 02, 2024 | 5:52 pm