Streetbeat News

Acquisitions Mergers

EXPI

eXp Realty, a subsidiary of eXp World Holdings, Inc. (NASDAQ:EXPI), is expanding into Türkiye, Peru, and Egypt by 2025. This move aims to strengthen its global presence, bringing its agent-centric model and cloud-based platform to these markets.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 5:24 pm

HCTI

Healthcare Triangle, Inc. (NASDAQ:HCTI) shares surged over 100% after acquiring cloud and technology assets from SecureKloud Technologies. The acquisition was made through an Asset Transfer Agreement, with Healthcare Triangle issuing 1.6 million Series B Preferred Stock shares, convertible into common shares. The assets are valued at $7.20 million. The stock is trading on unusually high volume.

Portfolio Pulse from Dylan Berman

October 28, 2024 | 4:09 pm

AMIX

BORR

CX

EVOK

HCTI

ON

PHG

U.S. stocks rose with the Dow Jones gaining over 200 points. ON Semiconductor reported better-than-expected earnings despite a revenue decline. Autonomix Medical shares surged after positive clinical trial results. Healthcare Triangle shares soared following an acquisition. Evoke Pharma shares increased due to positive data presentation. Meanwhile, Koninklijke Philips shares fell after missing earnings estimates and revising its outlook. Borr Drilling and CEMEX shares also declined following weak financial results.

Portfolio Pulse from Avi Kapoor

October 28, 2024 | 4:06 pm

BABA

Chinese fund manager Zhang Kun has made Alibaba Group Holding a key part of his portfolio, driven by recent economic measures in China and Alibaba's strong stock performance. Zhang's E Fund Blue Chip Selected Mixed Fund now holds 9.1% in Alibaba shares, reflecting confidence in the tech giant ahead of its upcoming earnings report and Singles Day event.

Portfolio Pulse from Anusuya Lahiri

October 28, 2024 | 3:57 pm

TTGT

TechTarget has scheduled a special meeting on November 26, 2024, for shareholders to vote on a proposed strategic combination with Informa Tech's digital businesses. The SEC has declared the Form S-4 registration statement effective.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:30 pm

AJG

Arthur J. Gallagher & Co. has acquired the Long Beach-based Filos Agency. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:04 pm

COHR

Coherent is evaluating strategic alternatives for its lithium sulfur battery platform, which could include a sale, partnership, or other options. This move is part of Coherent's efforts to focus on its core businesses and maximize shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:32 pm

ADTX

EVFM

Aditxt, Inc. has completed a $2.28 million investment in Evofem Biosciences as part of their merger agreement, marking a significant step towards the acquisition of Evofem.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:17 pm

ABBV

AbbVie has announced its acquisition of Aliada Therapeutics for $1.4 billion in cash. This move is expected to enhance AbbVie's portfolio and strengthen its position in the pharmaceutical industry.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:04 pm

HCTI

Healthcare Triangle shares rose following the acquisition of Securekloud Technologies' cloud and technology domain business, assets, and operations.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:56 am