Streetbeat News

Acquisitions Mergers

MMNFF

A new three-part series by Bungalow Media + Entertainment will explore the journey of Adam Bierman, co-founder of MedMen Enterprises Inc, the first American cannabis unicorn. The series is based on Bierman's upcoming book, detailing his experiences in the cannabis industry, including challenges with gangsters and government corruption. MedMen, founded in 2010, became a billion-dollar company but faced setbacks, including a failed acquisition and Bierman's departure in 2020. Bierman later won a $3.1 million arbitration settlement from MedMen in 2023.

Portfolio Pulse from Jelena Martinovic

September 26, 2024 | 5:24 pm

DOCN

DigitalOcean shares are experiencing an upward trend due to speculation and rumors regarding potential mergers and acquisitions involving the company.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:14 pm

DOCN

NET

Traders are circulating an unconfirmed blog suggesting a takeover rumor involving DigitalOcean Holdings, with speculation that Cloudflare might be involved at a price of $55 per share.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:09 pm

HOPE

TBNK

Blue Hill Advisors has increased its cash offer for Territorial Bancorp from $12 to $12.50 per share, a 27% premium over Hope Bancorp's proposed takeover. This move is part of Blue Hill's strategy to present a more attractive deal to Territorial's shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:45 pm

MPU

Mega Matrix shares are declining following the announcement of shareholder approval for a redomicile merger to the Cayman Islands, expected to complete on October 8th.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:29 pm

GLNG

Traders are circulating an unconfirmed rumor that Perenco is in talks to acquire Golar LNG. This speculation could impact Golar LNG's stock price as investors react to the potential acquisition news.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:59 pm

E

KKR

Eni is reportedly in talks with funds for a second biofuel stake sale as it prepares a deal with KKR. This move is part of Eni's strategy to expand its biofuel business.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:52 pm

COHR

LITE

MRVL

NVDA

Susquehanna analyst suggests that Nvidia may consider acquiring companies like Lumentum Holdings, Coherent, and Marvell Technology to gain key technology. These companies are seen as potential acquisition targets to enhance Nvidia's capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:45 pm

BABA

JD

LI

LVS

NIO

PDD

WYNN

XPEV

Chinese stocks surged as China announced a significant fiscal stimulus to boost economic growth. Billionaire David Tepper is increasing his investments in Chinese equities, including companies with exposure to China like Wynn Resorts and Las Vegas Sands.

Portfolio Pulse from Adam Eckert

September 26, 2024 | 3:35 pm

APO

C

Citigroup has entered into a $25 billion deal with Apollo Global Management to launch a private credit venture. This partnership aims to leverage Citigroup's banking capabilities and Apollo's investment expertise to create a significant player in the private credit market.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:34 pm