Streetbeat News

Acquisitions Mergers

ARKB

PINS

PLTR

PYPL

Cathie Wood's Ark Invest made significant trades, buying $4.5M in PayPal and $3.5M in Pinterest shares, while selling its Bitcoin ETF amid a crypto surge. The firm also continued offloading Palantir shares.

Portfolio Pulse from Benzinga Neuro

September 24, 2024 | 3:37 am

SSIC

Silver Spike Investment Corp. (SSIC) announced that its stockholders have approved a proposal related to the acquisition of the CALP loan portfolio at a special meeting.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 9:04 pm

GME

GameStop Corp (NYSE:GME) shares rose in after-hours trading following the completion of its at-the-market offering program, raising approximately $400 million. The company plans to use the proceeds for general corporate purposes, including potential acquisitions and investments.

Portfolio Pulse from Adam Eckert

September 23, 2024 | 8:59 pm

OGN

ROIV

Roivant Sciences and Organon have announced a merger agreement for Dermavant Sciences. Roivant has also published an investor presentation on the transaction.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:29 pm

LBRDA

Liberty Broadband shares are trading higher following the company's announcement of a counterproposal to Charter for a proposed business combination.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:27 pm

CHTR

LBRDA

Liberty Broadband Corporation has proposed a counteroffer to merge with Charter Communications in an all-stock, tax-free deal. Liberty Broadband shareholders would receive 0.2900 shares of Charter Class A common stock for each Liberty Broadband share, with a proposed closing date of June 30, 2027.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:22 pm

ZION

Zions Bancorp's division, California Bank & Trust (CB&T), is set to acquire four branch locations from FirstBank in Palm Desert and Indio. This acquisition involves $730 million in deposits and $420 million in loans, expanding CB&T's presence in Coachella Valley and adding 15,000 new customers.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:21 pm

IVT

InvenTrust Properties has announced a public offering of 6.5 million shares, with an option for an additional 975,000 shares. The proceeds will be used for acquisitions and debt repayment.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:11 pm

ICLK

iClick Interactive Asia Group Limited has completed the sale of its enterprise solutions business in mainland China. This move is part of the company's strategy to optimize operations, enhance profitability, and realign its business focus.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:08 pm

ALEX

Alexander & Baldwin, Inc. (NYSE:ALEX) has acquired an industrial property in Pearl City, O'ahu for $29.7 million. The property is a fully leased food distribution facility, enhancing A&B's industrial footprint in Central O'ahu.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:08 pm