Streetbeat News

Acquisitions Mergers

MSS

Maison Solutions Inc. (NASDAQ:MSS) shares surged after reporting strong Q1 financial results, with sales increasing significantly due to the acquisition of Lee Lee Oriental Supermart. The company reiterated its revenue guidance for fiscal year 2025 and expects to be net income positive.

Portfolio Pulse from Erica Kollmann

September 24, 2024 | 4:38 pm

X

U.S. Steel's CEO, David B. Burritt, appeared on CNBC to discuss a potential merger with Nippon Steel Corp. This development could significantly impact U.S. Steel's operations and market position.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 3:16 pm

AAPL

GOOGL

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSM) has secured a $7.5 billion investment for its Arizona expansion, aiming for advanced chip production. The company plans to start mass production with 4nm technology next year and further expand with 3nm and 2nm technology by 2028. TSM's stock has risen 103% in the past year, driven by its role as a key supplier of AI chips to major tech companies.

Portfolio Pulse from Anusuya Lahiri

September 24, 2024 | 3:05 pm

CSLR

SPWR

Complete Solar Holdings, Inc. (NASDAQ:CSLR) has received approval from the U.S. Bankruptcy Court to acquire SunPower's Blue Raven, New Homes, and Dealer businesses for $45 million. The acquisition, expected to close by September 30, 2024, will add 1,000 employees to Complete Solar.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:48 pm

CIFR

Cipher Mining Inc (NASDAQ:CIFR) shares rose after announcing the acquisition of a 300 MW data center site in West Texas for $67.5 million. The site is ready for large-scale HPC or Bitcoin mining, and Cipher's portfolio is expected to grow to over 2.5 GW across 10 sites.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 2:41 pm

JWN

Traders are circulating an unconfirmed rumor that Ryan Cohen might launch a bid for Nordstrom. This speculation has caught the attention of investors, potentially impacting Nordstrom's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:27 pm

FXI

NVO

SMAR

China has announced a new economic stimulus package, which could impact global markets. Novo Nordisk's CEO is set to testify before the Senate, potentially affecting the company's stock. Smartsheet is to be acquired by Blackstone and Vista, which is likely to influence its stock price.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:47 pm

HSBC

RY

RBC, after acquiring HSBC Canada, has pledged to retain HSBC staff for at least six months. Nearly 80% of former HSBC Canada employees have been placed into jobs, but there are concerns about potential job cuts.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:37 pm

SMAR

Smartsheet shares rise as Blackstone and Vista Equity Partners announce acquisition for $8.4 billion in cash.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:34 pm

BAM

BEP

ENGQF

Brookfield Renewable Partners (NYSE:BEP) and its partners sold Saeta Yield to Masdar for $1.4 billion, retaining key solar assets. They also sold a 25% stake in First Hydro Company to CDPQ. BEP shares rose 0.63% premarket.

Portfolio Pulse from Lekha Gupta

September 24, 2024 | 1:28 pm