Streetbeat News

Acquisitions Mergers

KKR

TIAIY

KKR & Co. Inc.'s co-founder Henry Kravis is exploring potential business prospects in Italy, which may result in increased investments in the country. He has scheduled meetings with officials from three Italian private companies in the technology, manufacturing, and automation sectors. This comes ahead of KKR's binding offer for Telecom Italia's landline network, which could be worth $24.7 billion. KKR is also scaling up in the Indian market with an investment in Reliance Retail Ventures Limited, a subsidiary of Reliance Industries.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 1:47 pm

CMCSA

DISH

TMUS

T-Mobile US Inc (TMUS) plans to acquire Airwaves from Comcast Corp (CMCSA) in a cash deal worth $1.2 billion - $3.3 billion, pending approval from the FCC. The acquisition will enhance T-Mobile's network capabilities and is part of its broader strategy to secure additional spectrum licenses. However, Dish Network Corp (DISH) has filed a complaint with the FCC, arguing that the deal would grant T-Mobile an unfair share of airwaves.

Portfolio Pulse from Anusuya Lahiri

September 13, 2023 | 1:20 pm

NM

Navios Maritime Holdings has received a buyout offer of $1.84 per share from N Shipmanagement Acquisition Corp.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:19 pm

AAPL

BP

BTCUSD

ETHUSD

TSLA

Apple's iPhone 15 launch received a lukewarm response from investors. Cryptocurrencies Bitcoin, Ethereum, and Dogecoin spiked after Franklin Templeton filed for a BTC Spot ETF. Tesla's Chinese rival BYD is seen as a cost-effective contender to Model 3. Elon Musk discussed acquiring Twitter for $44B and his company X's new feature to rival TikTok and Instagram. BP's CEO resigned amid an investigation into personal conduct.

Portfolio Pulse from Akanksha Bakshi

September 13, 2023 | 1:17 pm

ALBT

Avalon's Laboratory Services MSO has acquired a California-based medical supply company and a proprietary FDA-registered external male catheter device. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:17 pm

F

TM

Ford Motor Co has appointed Lisa Materazzo, a Toyota Motor Corporation executive, as its new global chief marketing officer. The move comes as Ford faces a slower-than-expected and costly shift toward electrification of its vehicle portfolio. Ford has been trying to capture the EV market by channeling funds from its traditional combustion engine auto business to its EV transition business. The company's dismal demand growth for EVs led to a fall in shares this summer, despite an increase in FY23 guidance.

Portfolio Pulse from Shivani Kumaresan

September 13, 2023 | 1:14 pm

SCLX

SRNE

Scilex Holding Company has entered non-binding term sheets for the purchase of all Scilex common shares, preferred shares, and warrants currently owned by Sorrento Therapeutics, Inc. As a result, Scilex Holding Company is declared the new successful bidder.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 1:02 pm

BX

Blackstone (NYSE:BX) has announced the integration of its corporate credit, asset-based finance, and insurance groups into a single new unit, Blackstone Credit & Insurance (BXCI). This segment has more than doubled to $295 billion in assets under management over the last three years, making it Blackstone's fastest-growing segment.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 11:57 am

HNRA

HNR Acquisition Corp has announced an extension of the timing for its initial business combination to October 15.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 11:50 am

AMGN

CVS

MDT

Three health care stocks with over 3% dividend yields have been recommended by Wall Street's most accurate analysts. These include Amgen Inc. (NASDAQ:AMGN) with a dividend yield of 3.28%, Medtronic plc (NYSE:MDT) with a yield of 3.39%, and CVS Health Corporation (NYSE:CVS) with a yield of 3.52%. Recent news for these companies include FTC approval for Amgen's acquisition of Horizon Therapeutics Plc, FDA's recommendation against the approval of Medtronic's blood pressure treatment device, and FDA's warning to CVS Health for violating federal law.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 11:35 am