Streetbeat News

Acquisitions Mergers

VINO

Gaucho Group Holdings, Inc. (NASDAQ:VINO) is implementing a corporate restructuring and cost reduction strategy to leverage Argentina's economic reforms. The company projects $1.6 million in savings over the next 12 months by shifting operations to Argentina, benefiting from lower labor costs and a skilled workforce. These changes are expected to enhance operational efficiency, boost e-commerce, and strengthen real estate ventures.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:21 pm

CACI

CACI International's stock is rising following its announcement to acquire Azure Summit Technology for $1.275 billion in cash, with the deal expected to close by Q2 FY2025.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:54 pm

AA

ASND

BLCO

LSCC

NUVL

Several US-listed stocks saw significant gains on Monday, with Alcoa Corporation leading the way after selling its joint venture stake for $1.1 billion. Other notable gainers include Ascendis Pharma, Bausch + Lomb, Nuvalent, and Lattice Semiconductor.

Portfolio Pulse from Avi Kapoor

September 16, 2024 | 2:04 pm

HCKT

The Hackett Group has acquired Gen AI development firm LeewayHertz. This acquisition aims to combine AI XPLR and ZBrain.ai platforms to provide comprehensive AI solutions, enhancing clients' AI transformation and ROI.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 1:05 pm

CRSR

Corsair (NASDAQ:CRSR) is set to acquire the Fanatec Sim Racing brand from Endor AG, with the acquisition expected to close within the week. Fanatec's 2023 sales were approximately $110 million.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 1:05 pm

GAIN

Gladstone Investment Corporation has sold its portfolio company, Nth Degree, to Shamrock Capital, realizing a significant capital gain. Gladstone initially acquired Nth Degree in 2015, sold a majority stake in 2019, and reinvested in 2023 to support Nth Degree's acquisition of Fern Exposition Services.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:45 pm

DMLP

Dorchester Minerals, L.P. (NASDAQ-DMLP) announced agreements to acquire mineral, royalty, and overriding royalty interests in New Mexico and Texas, covering 14,529 net royalty acres. The acquisition involves a non-taxable contribution and exchange agreement, with closing expected on September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:42 pm

CSLR

SPWR

Complete Solaria has won a bid in the Chapter 11 proceedings of SunPower, which is undergoing bankruptcy. This development could impact the involved companies' stock prices and market positions.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:29 pm

GTBIF

SAM

Green Thumb Industries Inc. announced a $50 million share repurchase program, set to begin in September 2024. The company also closed a $150 million credit facility and is open to M&A and unique investments. Green Thumb's shares saw a slight increase following the announcement.

Portfolio Pulse from Jelena Martinovic

September 16, 2024 | 12:25 pm

SBT

Sterling Bancorp shares rose following the announcement of the sale of Sterling Bank and Trust F.S.B. to EverBank Financial Corp. The company plans to dissolve and wind down operations post-sale.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 12:25 pm