Streetbeat News

Acquisitions Mergers

TPG

TPG Angelo Gordon, Dream Unlimited, and Stadium Capital Partners have acquired a €695M Dutch residential portfolio, including nearly 3,000 units across 90 sites. The investor group will manage and operate these units, leveraging their local market expertise.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 6:50 am

FLUT

Flutter Entertainment is set to acquire Snaitech for €2.3 billion, enhancing its position in Italy's gambling market. The acquisition is expected to generate significant cost and revenue synergies, with completion anticipated by Q2 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 6:39 am

GFR

Greenfire Resources' major shareholders, Allard, Annapurna, and Modro, have sold their C$327 million stake to Waterous Energy Fund. This significant transaction may impact Greenfire Resources' stock dynamics.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 6:24 am

AAPL

AMZN

MSFT

Microsoft announced a $60 billion share buyback program and a 10% dividend increase amid rising AI investments and restructuring efforts. The company is focusing on strengthening its cloud and AI capabilities, despite a slowdown in Azure growth. Microsoft aims to streamline operations following its acquisition of Activision-Blizzard.

Portfolio Pulse from Benzinga Neuro

September 17, 2024 | 1:44 am

HSPO

Horizon Space Acquisition I Corp. and Squirrel Enlivened International have signed a definitive business combination agreement. This merger could impact the stock price of Horizon Space Acquisition I Corp. (HSPO) in the short term.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 9:16 pm

BZFD

NFLX

Netflix is considering adding a live version of the popular YouTube show 'Hot Ones' to its content lineup, potentially boosting BuzzFeed's stock, as the show is part of BuzzFeed's assets. This move aligns with Netflix's strategy to expand its live media offerings.

Portfolio Pulse from Chris Katje

September 16, 2024 | 8:36 pm

CYH

Community Health Systems' subsidiary, Northwest Healthcare, is set to acquire 10 Carbon Health urgent care centers in Arizona. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:16 pm

CLF

Cleveland-Cliffs Inc. (NYSE:CLF) has received shareholder approval for its acquisition of Stelco Holdings Inc. The transaction is expected to close in Q4 2024, making Stelco a wholly-owned subsidiary of Cliffs.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:15 pm

INTC

Intel shares surged following reports of potential $3 billion federal funding for military chip production under the CHIPS and Science Act. This funding aims to secure a domestic supply of advanced chips for defense purposes. Intel is a frontrunner for these grants, which would enhance its semiconductor production capabilities.

Portfolio Pulse from Vaishali Prayag

September 16, 2024 | 8:14 pm

INSG

Inseego has announced the sale of its telematics business to Convergence Partners for $52 million in cash. The proceeds will be used to reduce debt and focus on growth in 5G mobility and fixed wireless solutions.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:06 pm