Streetbeat News

Acquisitions Mergers

VFF

Village Farms International has acquired the remaining equity ownership interest in Leli Holland, increasing its stake from 85% to 100%.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:16 am

FANG

KNTK

Diamondback Energy, Kinetik, and EPIC Midstream have announced a series of transactions aimed at supporting the growth and financial strength of EPIC Crude Holdings, LP.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:12 am

EQT

EQT Infrastructure IV and V funds have agreed to sell a minority stake in EdgeConneX to funds managed by Sixth Street.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:09 am

FAAS

PayMate India plans to acquire DigiAsia Bios, a subsidiary of DigiAsia Corporation (NASDAQ:FAAS), for $400M. The acquisition aims to expand PayMate's fintech services and is followed by a planned listing in India.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:07 am

HE

LBRDA

QQQ

SNOW

SPY

The article discusses the impact of China's economic stimulus on global markets, with a focus on commodities and US stock futures. It highlights the performance of major indices and ETFs, and mentions specific stocks like Liberty Broadband, Snowflake, and Hawaiian Electric, which experienced significant premarket movements. Analysts provide insights on market trends, emphasizing the importance of differentiating between genuine and speculative AI-driven companies.

Portfolio Pulse from Shanthi Rexaline

September 24, 2024 | 10:58 am

BEP

Masdar plans to acquire Saeta Yield from Brookfield Renewable for approximately $1.4 billion. The acquisition includes 745 MW of wind and solar assets in Spain and Portugal, but excludes 350 MW of concentrated solar power assets retained by Brookfield.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 10:57 am

NVS

Generate:Biomedicines has entered a collaboration with Novartis to develop protein therapeutics, with a potential transaction value exceeding $1 billion. Generate will receive $65 million upfront, including $15 million in equity, and is eligible for milestone payments and royalties.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 10:12 am

GBNY

ESL Federal Credit Union is set to acquire most assets and liabilities of Generations Bank for $26.2 million in cash. Generations Bancorp shareholders are expected to receive $18.00 to $20.00 per share. The transaction is anticipated to close in late Q2 or Q3 of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 9:06 am

BAM

BEP

Brookfield Asset Management and its institutional partners, including Brookfield Renewable, have agreed to sell their 25% stake in First Hydro Company to CDPQ for an undisclosed amount.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:35 am

APO

INTC

QCOM

Qualcomm is considering a buyout of Intel, which has seen its shares drop 77% from their 52-week high. Analysts are skeptical about the deal due to Intel's struggling semiconductor unit and potential antitrust issues. Apollo Global Management is also interested in investing in Intel.

Portfolio Pulse from Navdeep Yadav

September 24, 2024 | 8:06 am