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Acquisitions Mergers

H

Hyatt Hotels Corporation is expanding its luxury and lifestyle hotel portfolio with over 20 new openings planned across the Americas by 2025. This growth aims to enhance guest experiences and expand Hyatt's brand presence in new markets.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:33 pm

BITF

RIOT

Riot Platforms Inc (NASDAQ:RIOT) and Bitfarms Ltd (NASDAQ:BITF) have reached a settlement agreement regarding Riot's takeover attempt of Bitfarms. Riot will withdraw its requisition and support Bitfarms' board expansion and shareholder rights plan. Riot also gains rights to purchase Bitfarms shares if it holds 15% or more of the company's shares.

Portfolio Pulse from Adam Eckert

September 23, 2024 | 1:27 pm

AAPL

CARZ

GOOGL

NVDA

TINY

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) denies rumors of UAE investment plans, focusing instead on U.S. expansion with significant support from federal grants and loans. TSMC is a key supplier to major tech companies and is building advanced fabs in Arizona.

Portfolio Pulse from Anusuya Lahiri

September 23, 2024 | 1:21 pm

KAVL

Kaival Brands Innovations Group shares rose following a merger and share exchange agreement with Delta Corp Holdings.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:07 pm

KAVL

Delta Corp Holdings is merging with Kaival Brands to form a publicly traded asset-light logistics company, valued at $619 million in revenue for 2023. The deal is set at a 359% premium to Kaival's current stock price.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:04 pm

INTC

QCOM

Speculation has arisen about Qualcomm potentially approaching Intel for a takeover. Industry sources in Taiwan believe this merger would be disastrous, as it undervalues Intel and exaggerates Qualcomm's capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:52 pm

ALK

HA

Alaska Airlines is expanding its cargo division following a merger with Hawaiian Airlines. Ian Morgan has been appointed as VP of Cargo, and Jason Berry as Executive VP of Cargo for Alaska Air Group.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:23 pm

AVIV

BNPQY

DFIV

HSBC

HSBC has agreed to sell its German private banking business to BNP Paribas, aiming to enhance BNP's wealth management presence in Germany. The deal is expected to close in the second half of 2025, pending regulatory approvals. HSBC shares rose following the announcement.

Portfolio Pulse from Lekha Gupta

September 23, 2024 | 12:05 pm

SNY

VTYX

Ventyx Biosciences announced that Sanofi will make a $27 million investment in the company by purchasing 70,601 shares of Series A Non-Voting Convertible Preferred Stock at a price of $3.8243 per share.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:02 pm

SGN

Signing Day Sports shares rose following an update on its financial position and plans to acquire Dear Cashmere Group Holding Company, known as Swifty Global.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:51 am