Streetbeat News

Acquisitions Mergers

AMD

BTC-USD

HOOD

PLTR

Boeing faces potential production disruptions as 30,000 workers vote for industrial action, posing financial risks. Bitcoin Spot ETFs see $39M inflows, indicating a potential bullish correction. Cathie Wood's Ark Invest buys $6.9M in AMD shares, while selling Palantir and Robinhood stocks.

Portfolio Pulse from Akanksha Bakshi

September 13, 2024 | 1:17 pm

ALSA

Alpha Star Acquisition Corporation (NASDAQ:ALSA) has announced a business combination agreement with XDATA, an Estonia-based fintech company. The transaction, expected to close in late 2024, involves the creation of a new publicly traded company, PubCo, on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 1:02 pm

SONY

WMG

Sony Group Corp is in advanced talks to acquire Pink Floyd's music catalog for $500 million. The deal, delayed by band member differences, follows previous bids by Hipgnosis, Warner Music Group, and BMG. Sony's music revenue rose 23% in Q1 2024, and the company continues to expand its music catalog holdings.

Portfolio Pulse from Anusuya Lahiri

September 13, 2024 | 12:52 pm

VSTO

Vista Outdoor has increased its cash consideration for the CSG transaction to $28 per share, indicating a strategic move to enhance its acquisition offer.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:47 pm

FLUT

Flutter Entertainment is acquiring a 56% stake in Brazil's NSX Group for $350 million, aiming to expand its presence in the Brazilian market. The deal includes cash payment and contribution of Flutter's Betfair Brazil business. The transaction is expected to close by Q2 2025, pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

September 13, 2024 | 12:39 pm

LFSWF

Lifeist Wellness Inc. has sold its CannMart business to Simply Solventless Concentrates Ltd. to focus on its core mission of transforming human wellness. The sale includes a $500,000 cash payment, 2 million units of Simply Solventless, and a $1.7 million promissory note. Lifeist aims to allocate more resources towards growing Mikra while benefiting from Simply Solventless' success.

Portfolio Pulse from Nina Zdinjak

September 13, 2024 | 12:19 pm

TAP

TLRY

Tilray Brands, Inc. has completed the acquisition of Atwater Brewery from Molson Coors, expanding its presence in the Great Lakes region. This move is part of Tilray's strategy to grow its U.S. brewery business while continuing its focus on cannabis. Tilray's shares closed 1.16% lower at $1.70.

Portfolio Pulse from Nina Zdinjak

September 13, 2024 | 12:15 pm

Jacobs Solutions is set to spin off its Critical Mission Solutions and Cyber & Intelligence government services businesses, merging them with Amentum Holdings, Inc. The record date is September 23, 2024, and the distribution date is September 27, 2024. This move will create a new publicly traded company, Amentum Holdings, Inc., listed on the NYSE.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:12 pm

AMZN

CRWD

GOOGL

IXN

MSFT

VGT

Microsoft has appointed former GE CFO Carolina Dybeck Happe as its new COO to enhance its focus on cloud and AI. This move aligns with Microsoft's strategy to strengthen its position in the cloud services market against Amazon. The hiring follows a recent outage involving CrowdStrike that affected Microsoft devices. Microsoft has also made other strategic hires, including Mustafa Suleyman from Google DeepMind. The stock has gained over 27% in the last year, with a current price above its 200-day moving average, indicating a bullish trend.

Portfolio Pulse from Anusuya Lahiri

September 13, 2024 | 12:02 pm

OMIC

Singular Genomics shares rose following a non-binding acquisition proposal from Deerfield.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 11:59 am