Streetbeat News

Acquisitions Mergers

PTWO

SBC

SBC Medical Group and Pono Capital Two have completed their business combination, and SBC Medical is set to begin trading on Nasdaq under the ticker symbol 'SBC' on September 18, 2024. SBC Medical is a global provider of management services and products to cosmetic treatment centers.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:17 am

AGR

IBDRY

Avangrid has received an exemption from the Maine Public Utilities Commission, allowing Iberdrola to fully own the company. This regulatory approval is a significant step in the merger process.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:55 am

XCH

XCharge, a portfolio company of Asia Green Fund, has gone public on Nasdaq. This marks a significant milestone for the company, which specializes in electric vehicle charging solutions.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:25 am

NPSCY

X

The U.S. national security panel has delayed its decision on Nippon Steel's $14 billion bid for U.S. Steel until after the presidential election, due to national security concerns. The Committee on Foreign Investment in the United States (CFIUS) will allow the companies to refile their application, initiating a new 90-day review period. The deal faces opposition from political figures and the United Steelworkers union.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 2:40 am

MSFT

NVDA

Microsoft, BlackRock, and others have launched a $30 billion fund to invest in AI infrastructure, including data centers and power. NVIDIA will support the initiative with its AI expertise. The fund aims to boost AI innovation and economic growth in the U.S. and partner countries.

Portfolio Pulse from Chris Katje

September 17, 2024 | 9:08 pm

ALK

Alaska Airlines has received regulatory clearance to proceed with its acquisition of Hawaiian Airlines. Joe Sprague, Alaska Airlines' regional president of Hawai'i/Pacific, will become CEO of Hawaiian Airlines, replacing Peter Ingram. The focus now shifts to obtaining a single operating certificate from the FAA.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 9:08 pm

ACI

KR

Kroger and Albertsons shares fell after the FTC presented closing arguments to block their proposed merger. The FTC argues the merger would reduce competition and raise prices, while the companies claim it would lower prices and boost jobs.

Portfolio Pulse from Erica Kollmann

September 17, 2024 | 8:41 pm

CWST

Casella Waste Systems is launching a public offering of $400M in Class A common stock to fund acquisitions and repay debt.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:03 pm

ARKO

ARKO is planning to divest its convenience store operations in a deal potentially worth $2 billion, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 7:43 pm

LRHC

La Rosa shares are trading lower following the announcement of its intent to acquire a real estate brokerage firm with over 950 agents and more than $19 million in revenue.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 7:39 pm