Streetbeat News

Acquisitions Mergers

ARMK

Sodexo is reportedly exploring the acquisition of its U.S. rival Aramark, causing Aramark's shares to surge over 10% in after-hours trading. The potential deal, which may face antitrust scrutiny, highlights the competitive landscape in the food services industry.

Portfolio Pulse from Kaustubh Bagalkote

September 26, 2024 | 6:25 am

ARKK

PLTR

Cathie Wood's Ark Invest sold a significant portion of its stake in Palantir Technologies, despite its recent inclusion in the S&P 500 and an extended AI alliance with APA Corporation. The ARK Innovation ETF offloaded 62,809 shares, valued at approximately $2.33 million. This move suggests a strategic shift in Ark Invest's approach towards Palantir.

Portfolio Pulse from Benzinga Neuro

September 26, 2024 | 2:49 am

MSFT

OpenAI is transitioning from a non-profit to a for-profit benefit corporation, potentially valuing the company at $150 billion. CEO Sam Altman may receive equity, and the restructuring could impact AI risk management. Microsoft, an investor, may be affected by these changes.

Portfolio Pulse from Ananya Gairola

September 26, 2024 | 2:21 am

NPSCY

Nippon Steel Corp has won an arbitration ruling in its $14.9 billion acquisition of United States Steel Corporation, despite opposition from political figures and the United Steelworkers union. The deal is pending regulatory approval and faces national security scrutiny.

Portfolio Pulse from Benzinga Neuro

September 26, 2024 | 2:18 am

ARMK

SDXAY

Sodexo is reportedly considering acquiring Aramark, a move that could significantly impact the catering and facilities management industry. This potential acquisition highlights the strategic maneuvers within the sector.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 11:38 pm

LIFD

LFTD Partners Inc. (OTC:LIFD), a psychoactive hemp-derived products company, is trading at a significant discount and has potential for a 5x rise by December 2025. Despite regulatory challenges, its compliant strategy and potential collaborations could drive growth. However, the future is highly dependent on regulatory developments.

Portfolio Pulse from Nicolás Jose Rodriguez

September 25, 2024 | 9:07 pm

VVPR

VivoPower and Future Automotive Solutions and Technologies are merging to form a $1.13 billion entity headquartered in the UK, aiming to benefit from the UK's $21 billion clean energy investment programs. The UK government is prioritizing green hydrogen sector investments.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:22 pm

GATO

Gatos Silver has extended the life of its Cerro Los Gatos mine to 2032 and increased production estimates by 36%. The company also announced its acquisition by First Majestic Silver. The mine is projected to generate $80 million in free cash flow annually, with significant exploration and growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:20 pm

ACN

CELH

CMA

NKE

PLTR

SBUX

WAL

Wedbush analyst Kevin Merritt discusses AI's uneven growth, regional bank picks, and beaten-down retail stocks. Palantir is highlighted for AI growth, while Accenture is expected to benefit long-term. Western Alliance Bancorp and Comerica are top regional bank picks. Starbucks, Nike, and Celsius are noted retail stocks.

Portfolio Pulse from Aaron Bry

September 25, 2024 | 7:31 pm

LSPD

Lightspeed Commerce is reportedly working with JP Morgan Chase to explore a potential sale, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:36 pm