Streetbeat News

Acquisitions Mergers

AHR

American Healthcare REIT is offering 14.5 million shares of common stock to raise funds. The proceeds will be used to buy a 24% minority interest in Trilogy Holdings and to repay some of its outstanding debt.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 8:05 pm

EWJ

X

The White House has stated that the review process for Japan's Nippon Steel's proposed acquisition of U.S. Steel is ongoing, with no known delays or extensions.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:41 pm

SRCL

WM

Stericycle Inc. bondholders are seeking improved terms for a debt-exchange offer from Waste Management Inc., which is acquiring Stericycle. Legal counsel has been engaged to negotiate better terms.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:27 pm

OGN

ROIV

Organon & Co (OGN) is acquiring Roivant Sciences' (ROIV) Dermavant Sciences for up to $1.2 billion. Dermavant's Vtama cream, approved for psoriasis, is under FDA review for atopic dermatitis. The deal includes milestone payments and royalties, with Organon expecting initial dilution to EBITDA, turning accretive in 2026.

Portfolio Pulse from Vandana Singh

September 18, 2024 | 7:20 pm

BLCO

Bausch + Lomb shares are experiencing an uptick in trading activity due to reports that the company is considering a sale.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:55 pm

AMZN

GOOGL

MSFT

NVDA

ORCL

Nvidia is considering acquiring OctoAI for $165 million to enhance its AI and cloud services. OctoAI, valued at $900 million in 2021, has integrated Nvidia's technology into its platform. Nvidia's stock has risen significantly, driven by its essential role in AI advancements.

Portfolio Pulse from Anusuya Lahiri

September 18, 2024 | 6:14 pm

BCE

BCE shares rise as the company agrees to sell its stake in MLSE to Rogers Communications for CA$4.7 billion.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 5:17 pm

GOOGL

Alphabet's Google proposed selling its AdX ad marketplace to address competition concerns regarding its adtech practices. However, European publishers found the offer insufficient.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 4:16 pm

AIOT

APLT

CBUS

LUNR

NNE

WHLR

U.S. stocks traded lower with the S&P 500, Dow, and NASDAQ all experiencing declines. Notable stock movements included Intuitive Machines, Applied Therapeutics, and PowerFleet, which saw significant gains due to positive announcements. Conversely, NANO Nuclear Energy, Wheeler Real Estate Investment Trust, and Cibus experienced declines. Crude oil prices fell, while gold prices rose.

Portfolio Pulse from Avi Kapoor

September 18, 2024 | 4:12 pm

MGRC

WSC

WillScot Holdings Corporation and McGrath RentCorp have terminated their merger due to regulatory challenges. Both companies are now focusing on stock buybacks, with McGrath increasing its repurchase plan to 2 million shares and WillScot expanding its program to $1 billion.

Portfolio Pulse from Lekha Gupta

September 18, 2024 | 3:36 pm