Streetbeat News

Acquisitions Mergers

CLSK

CleanSpark has agreed to acquire two turnkey bitcoin mining campuses for $9.3 million, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 6:29 pm

NFLX

PARA

PARAA

Netflix has been increasing its acquisitions for the first time in its 25-year history, with a focus on content production, gaming, and advertising. The company's share price has risen 130% this year, leading to speculation that it may use its stock as currency for a major acquisition like Paramount or another studio.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 5:26 pm

JCI

Johnson Controls (NYSE:JCI) has acquired M&M Carnot, a leading provider of natural refrigeration solutions with ultra-low global warming potential (GWP). The acquisition will enhance Johnson Controls' sustainable industrial refrigeration portfolio and help customers meet their sustainability goals.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 5:25 pm

I

Intelsat has reportedly ended merger talks with SES AI, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 5:18 pm

EOG

EOG Resources COO Lloyd Helms expects oil markets to continue tightening, with limited oil supply. He stated that the Permian Basin is not an area they want to grow activity in and EOG is not considering a major role in mergers and acquisitions.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:14 pm

MS

VOD

Vodafone Group has hired Morgan Stanley to evaluate options for its Spanish unit, which is worth over $4 billion and attracted takeover interest in April. The company is open to structural change and has recently merged its UK telecommunication businesses with CK Hutchison Group Telecom Holdings.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2023 | 4:10 pm

ACN

Accenture (NYSE:ACN) has agreed to acquire Anser Advisory, a US-based infrastructure project advisory and management company. The acquisition will expand Accenture's capital project capabilities and enhance its ability to help clients deliver large infrastructure projects more efficiently. Anser Advisory has a track record of reducing risks and impacts of project delays and cost overruns on large-scale critical infrastructure projects.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:40 pm

CLSK

CleanSpark Inc (NYSE:CLSK) has acquired two turnkey bitcoin mining facilities in Dalton, Georgia, for $9.3 million in cash. The facilities will add just under 1 exahash per second (EH/s) to CleanSpark's hashrate and host over 6,000 Antminer S19 XPs and S19J Pro+s.

Portfolio Pulse from Akanksha Bakshi

June 21, 2023 | 2:33 pm

BCSF

INTC

Intel Corporation plans to sell a 20% stake in its IMS Nanofabrication business to Bain Capital Special Situations for $4.3 billion. The transaction is expected to close in Q3 2023, positioning IMS to capture the significant market opportunity for multi-beam mask writing tools.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2023 | 2:23 pm

ZURA

Zura Bio's stock is trading lower, possibly due to profit-taking after a 35% rally on Tuesday. The company recently raised $80 million in a private placement to start two Phase 2 trials and merged with JATT Acquisition Corp. Analysts from Chardan Capital and Raymond James initiated coverage with buy and strong buy ratings, respectively.

Portfolio Pulse from Vandana Singh

June 21, 2023 | 1:03 pm