Streetbeat News

Acquisitions Mergers

AMD

HOOD

PLTR

Cathie Wood's Ark Invest made significant trades, buying $6.9M worth of AMD shares and selling shares of Robinhood and Palantir. AMD's purchase aligns with its growing presence in AI data centers and gaming GPUs. Robinhood's sale follows a $3.9M settlement, while Palantir's sale continues a recent trend.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 3:27 am

HAITY

China's investment banking sector is under pressure due to government scrutiny, with several top bankers detained. Haitong Securities faces travel restrictions for staff and a 75% profit drop. The firm is merging with Guotai Junan Securities amid a challenging IPO market.

Portfolio Pulse from Stjepan Kalinic

September 12, 2024 | 9:23 pm

BYNO

byNordic Acquisition has extended its deadline to complete a business combination from September 12, 2024, to October 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:16 pm

MDU

MDU Resources is planning to spin off Everus Construction into an independent, publicly traded company under the ticker 'ECG' by late 2024.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:36 pm

OMIC

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

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:33 pm

OMIC

Singular Genomics Systems has received a non-binding proposal from Deerfield Management to acquire all remaining shares of Singular stock for $10 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:32 pm

APO

Apollo Funds has acquired a majority interest in Freedom CNG, a company that operates CNG and RNG fueling infrastructure in Texas. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:17 pm

MSFT

OpenAI is reportedly in discussions with Emirati fund MGX to raise $7 billion. This development could impact Microsoft (MSFT), which has a significant investment in OpenAI, potentially influencing its AI strategy and market position.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:39 pm

DJD

FYBR

SPDG

VZ

Verizon Communications Inc (NYSE:VZ) is set to record up to $1.9 billion in costs for layoffs and asset sales in Q3 2024. The company plans to downsize 4,800 employees and discontinue certain real estate assets. Verizon recently reported a slight topline growth and agreed to acquire Frontier Communications for $20 billion.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 6:20 pm

EGIO

Edgio shares are experiencing a rebound after the company filed for Chapter 11 bankruptcy. The company has entered into a stalking horse asset purchase agreement with Lynrock.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 5:47 pm