Streetbeat News

Acquisitions Mergers

X

US Steel CEO David Burritt is confident in the success of the merger with Japan's Nippon Steel despite opposition from the Biden administration. The deal, valued at $55 per share, faces scrutiny due to national security concerns. Approval could lead to a significant stock price increase.

Portfolio Pulse from Aaron Bry

September 17, 2024 | 7:11 pm

NVDA

Nvidia is in discussions to acquire software startup OctoAI for $165 million. This move could enhance Nvidia's software capabilities and expand its AI offerings.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 6:39 pm

AMZN

GMF

GOOGL

MSFT

TINY

TSM

Taiwan Semiconductor Manufacturing Co (TSM) is driving a land price boom in Japan with its new chip plants, significantly impacting the economy. TSM's stock has risen over 88% in the past year, supported by investments from major tech companies in AI. TSM plans further expansion in Japan with a $20 billion plant.

Portfolio Pulse from Anusuya Lahiri

September 17, 2024 | 6:18 pm

RBGLY

Reckitt is in talks to sell its homecare assets for £6 billion. This move could impact its financial structure and market position.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 5:30 pm

X

U.S. Steel's CEO has described the national security review of Nippon Steel's bid for the company as 'very robust' and expressed confidence that the bid will close on its merits.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 5:06 pm

HPE

HPQ

NVDA

Hewlett Packard Enterprise (HPE) received an upgrade from Bank of America Securities, with a new price target of $24, due to expected benefits from the Juniper acquisition, cost cuts, and AI opportunities.

Portfolio Pulse from Priya Nigam

September 17, 2024 | 4:19 pm

NEM

Newmont's CFO announced that the sales process for the Akyem mine is in an 'advanced' stage, indicating potential upcoming changes in the company's asset portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 4:16 pm

VVPR

VivoPower shares declined after an initial rise following the announcement of a merger agreement with Future Automotive Solutions and Technologies.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 3:48 pm

KBE

KRE

XLF

The FDIC Board has voted 3-2 to adopt new guidance on bank mergers, which could impact the regulatory landscape for financial institutions. This decision may influence future bank consolidation activities.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 3:40 pm

COWZ

DIVB

DXJ

FXU

ICF

IYK

JAAA

SCHD

TLT

VTV

XLP

XLRE

XLU

As the Federal Reserve shifts to a more accommodative monetary policy, analysts recommend ETFs in utilities, real estate, consumer staples, and more. BofA suggests focusing on defensive sectors and quality yield opportunities, with specific ETF recommendations across various asset classes.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 3:29 pm