Streetbeat News

Acquisitions Mergers

MKFG

NNDM

Nano Dimension is acquiring Markforged in a $115 million all-cash deal, offering a significant premium on Markforged's stock price. The acquisition is expected to close in Q1 2025, enhancing Nano Dimension's market position.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 6:26 pm

FANH

WDH

ZK

Yuanbao, a Chinese insurance distributor, has filed for a $50 million IPO in New York, leveraging its technology-driven platform to match buyers with insurance products. Despite a challenging Chinese market, Yuanbao's revenue and profitability are growing, making it an attractive option for investors.

Portfolio Pulse from The Bamboo Works

September 25, 2024 | 5:57 pm

LTRY

Lottery.Com has signed a Memorandum of Understanding to acquire CMF Media for $1 million in common stock, priced at $3.00 per share. This acquisition aims to support the original content production for Sports.Com.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 5:40 pm

NNDM

Nano Dimension's shares rise following the announcement of its acquisition of Markforged for $475 million.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 5:24 pm

STLA

Stellantis and Leapmotor are launching budget EVs in Europe through a joint venture, Leapmotor International. Stellantis is also searching for a new CEO to replace Carlos Tavares, whose contract expires in 2026. The company faces internal criticism over inventory management.

Portfolio Pulse from Nabaparna Bhattacharya

September 25, 2024 | 4:49 pm

MKFG

NNDM

Markforged shares rise as Nano Dimension announces acquisition of all outstanding shares for $475 million at $5.00 per share.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:57 pm

DEO

Diageo North America has acquired Ritual Zero Proof, a non-alcoholic spirits company. The acquisition was funded through Diageo's existing cash resources, but the financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:28 pm

BJK

FLUT

Flutter Entertainment plc (NYSE:FLUT) has announced ambitious growth targets, aiming for $21 billion in revenue by 2027, with a CAGR of 14%. The company also plans a $5 billion share buyback program. Flutter is focusing on U.S. and global expansion, with significant growth expected in the regulated gaming market.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 3:28 pm

BTCUSD

FDX

INTC

MSTR

QQQ

The Federal Reserve cut the fed funds rate by 50bp, impacting inflation and the dollar's purchasing power. Intel restructured its foundry business and secured a $3B government contract. FedEx reported disappointing earnings, supporting the Fed's rate cut decision. Bitcoin is seen as a hedge against inflation, and MicroStrategy continues to invest heavily in it.

Portfolio Pulse from Gary Brode

September 25, 2024 | 3:24 pm

EWJ

X

The United Steelworkers (USW) strongly opposes the arbitration decision regarding the merger between U.S. Steel and Nippon Steel, citing potential threats to jobs and domestic steelmaking capacity. The Committee on Foreign Investment in the United States (CFIUS) approval is still pending due to national security concerns.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 2:45 pm