Streetbeat News

Acquisitions Mergers

DISH

DISH Network has announced a merger with EchoStar, leading to a rise in DISH's share prices.

Portfolio Pulse from Bill Haddad

August 08, 2023 | 4:32 pm

GILT

Gilat Satellite Networks Ltd. (NASDAQ:GILT) reported a 22% YoY revenue growth in Q2 FY23, beating consensus estimates. The company also reported higher non-GAAP operating income and EPS. Gilat's CEO highlighted the expansion in their in-flight connectivity business and the progress in obtaining regulatory approvals for the acquisition of DataPath Inc. The company raised its FY23 revenue and operating income guidance.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 4:22 pm

BRDG

Bridge Investment Group Holdings Inc. (NYSE:BRDG) has announced the acquisition of a six-property portfolio of Workforce & Affordable Housing properties in the Greater Boston area, comprising 1,722 residential units. The financial terms of the deal were not disclosed. The acquisition expands Bridge's Workforce & Affordable Housing geography into another major market.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:17 pm

TLRY

Tilray Brands has announced an agreement to acquire eight beer and beverage brands from Anheuser-Busch, leading to a rise in Tilray's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:55 pm

DISH

SATS

EchoStar Corp's CEO has announced that the company expects to see about $150M of EBITDA synergies annually from its merger with Dish Network.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:29 pm

CG

The Carlyle Group (CG) announced its plan to acquire a significant minority stake in Quest Global. This news has led to a decrease in CG's share price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:16 pm

BRPHF

COIN

Crypto exchange Bitstamp is seeking additional funding to expand its operations in Europe and Asia, with advisory services provided by Galaxy Digital Holdings. The funds will be used to introduce derivatives trading in Europe and increase market presence in Asia. Bitstamp's American division, Bitstamp USA, has seen an increase in its market share in the U.S. this year. Coinbase Global Inc. and Gemini have also launched offshore derivatives exchanges this year.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 2:47 pm

HBI

Activist investor Barington Capital has acquired an undisclosed stake in Hanesbrands Inc. (NYSE:HBI) and is urging the company to make significant changes to its board and enact strategies to reverse the decline in its stock value. Barington is pressing Hanesbrands to appoint new board members with expertise in apparel and manufacturing and is considering the possibility of a new CEO. The firm is also urging Hanesbrands to reduce costs by at least $300 million annually and decrease its inventory levels.

Portfolio Pulse from Michael Cohen

August 08, 2023 | 2:39 pm

FTEL

Fitell Corporation (NASDAQ:FTEL), an online retailer of gym and fitness equipment in Australia, has announced the pricing of its initial public offering (IPO) of 3 million shares at $5 per share, expecting to raise $15 million. The shares will start trading on Nasdaq on August 8, 2023. The proceeds will be used for business expansion, development of smart connected equipment, interactive platform, mobile application, potential mergers and acquisitions, and other corporate purposes.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:31 pm

MOBV

MOBVU

MOBVW

Mobiv Acquisition Corp (NASDAQ:MOBVU, MOBV, MOBVW) has announced an extension of the deadline to complete its initial business combination from August 8, 2023 to September 8, 2023. This is the fourth of up to nine one-month extensions permitted under the company's governing documents. In connection with the extension, Mobiv Pte. Ltd. will deposit $100,000 into the company's trust account on behalf of the company.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:06 pm