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Acquisitions Mergers

AAPL

BABA

F

SBUX

SFTBF

TSLA

The article discusses various financial news. Bitcoin's value in 2021 was enough to purchase a Tesla Model Y. Softbank is exploring investing in OpenAI following a successful IPO of Arm Holding. Ford is facing strikes from UAW in the US and potentially in Canada. Apple's iPhone 15 Pro and Pro Max preorders are strong, and the company has major announcements for 2024. Starbucks has promoted Molly Liu to co-CEO of China Business. KKR acquires SingTel's regional data centre unit for $807M. Chevron's Australian gas facility resumes full production. China Evergrande Group's wealth management staff are detained. Novo Nordisk's Clayton plant faces quality control issues. Alibaba plans a $2B investment in Turkey.

Portfolio Pulse from Vandana Singh

September 18, 2023 | 2:26 pm

GPP

GPRE

Green Plains Partners LP (GPP) and Green Plains Inc. (GPRE) have entered a definitive merger agreement. The transaction, expected to close in 4Q23, will see GPP become a wholly-owned subsidiary of GPRE. The deal offers a 20% premium over the closing price of GPP's common units as of May 3, 2023. The merger aims to simplify the corporate structure, boost earnings, and align strategic interests.

Portfolio Pulse from Akanksha Bakshi

September 18, 2023 | 2:10 pm

KKR

Investment firm KKR & Co Inc has signed an agreement to acquire a 20% stake in Singtel’s regional data center business for $800 million. The investment is part of KKR’s Asia infrastructure strategy and values Singtel’s data center business at $5.5 billion. KKR has the option to increase its stake to 25% by 2027. The proceeds from the transaction will be used to expand the data center business across ASEAN markets.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 2:00 pm

PRTK

Paratek Pharmaceuticals (NASDAQ:PRTK) has announced that its stockholders have approved the merger agreement proposal at a special meeting, in connection with the previously announced definitive agreement to be acquired by Gurnet Point Capital and Novo Holdings A/S. Final voting results will be disclosed on Form 8-K filed by Paratek with the U.S. Securities and Exchange Commission.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:39 pm

MAT

DealReporter has suggested that a takeover of Mattel (MAT) may be back on the table, following a curious 8-K filing from the company over the weekend.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:38 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) has announced changes to its executive leadership team, including the appointment of Michael Battaglia as Chief Operations Officer, Jim Nemec as Chief Revenue Officer, and Siddhartha Kodgi as Vice President of Operations. The company also announced the departure of Mark Pastrone from his role as Chief Operations Officer. This follows Blink's record Q2 earnings announcement of nearly $33 million. The company plans to continue focusing on enhancing its synergies following the acquisition of six companies over the last three years.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:28 pm

BRY

Berry Corporation has updated its FY23 Guidance following the completion of the Macpherson Energy Corporation acquisition. The company financed the acquisition by cutting its FY23 capital spending. Berry now sees Average Daily Production of 24,800 - 25,400 (prior 24,000 - 25,200); E&P non-production revenues of $1.65 - $1.85 (prior $3.30 - $3.50) and Well Servicing & Abandonment Segment Adjusted EBITDA of ~$25 million (prior ~$27 million).

Portfolio Pulse from Akanksha Bakshi

September 18, 2023 | 1:22 pm

CCG

PIAI

Cheche Group Inc. and Prime Impact have completed their business combination, with Cheche's Class A ordinary shares and warrants set to begin trading on the Nasdaq under the ticker symbols 'CCG' and 'CCGWW' respectively. The business combination is expected to generate approximately $22.1 million in proceeds for Cheche. The company plans to use the funds to invest in its technology platform, strategic partnerships with leading NEV manufacturers, and growth plans across key segments of the global insurance market.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:12 pm

GPP

Green Plains Partners LP and Green Plains Inc. have announced a definitive merger agreement, leading to a rise in Green Plains Partners LP's shares.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:06 pm

ACN

Accenture (ACN) has invested in Writer, a company that uses generative AI to create written content. The investment is aimed at accelerating the enterprise use of generative AI.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:05 pm