Streetbeat News

Acquisitions Mergers

CURB

SITC

SITE Centers Corp. (NYSE:SITC) announced the spin-off of its convenience retail properties into a new publicly traded company, Curbline Properties Corp., expected to be completed on October 1, 2024. Curbline will trade on the NYSE under the ticker 'CURB'.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:11 pm

LSAK

Lesaka Technologies projects Q1 2025 revenue between ZAR 2.5 billion and ZAR 2.7 billion, and FY 2025 revenue between ZAR 10 billion and ZAR 11 billion. The outlook includes impacts from the Adumo acquisition and interest expenses on the consumer loan book.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:09 pm

FANG

VNOM

Viper Energy, a subsidiary of Diamondback Energy, is set to acquire mineral and royalty interest-owning subsidiaries of Tumbleweed Royalty for $461 million in cash and approximately 10.1 million OpCo units.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:08 pm

DECA

SCLX

Denali Capital Acquisition Corp. (DECA) has deposited $15,063.74 into its trust account to extend its business combination deadline to October 11, 2024. This was funded by a convertible promissory note with Scilex Holding Company (SCLX) for up to $180,000, convertible into DECA's Class A shares at $10 per share.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:02 pm

EGIO

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

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:55 pm

MSFT

OpenAI is reportedly in discussions to raise funds at a valuation of $150 billion, according to Bloomberg. This development could have implications for companies like Microsoft, which has invested in OpenAI.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:52 pm

X

Nippon Steel has released details of its negotiations with the United Steelworkers union regarding its proposed acquisition of U.S. Steel. This move aims to clarify any public mischaracterizations of the discussions. The disclosure is intended to provide transparency to U.S. Steel's employees and stakeholders.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:43 pm

EBAY

Donald Trump's autographed golden sneakers and other memorabilia are up for auction at Goldin, a company acquired by eBay Inc. The auction has attracted significant attention, with bids reaching $1,400 for the sneakers.

Portfolio Pulse from Chris Katje

September 11, 2024 | 7:34 pm

HOOD

Robinhood is expanding its crypto strategy, attracting millennials and boosting revenue. The company acquired Bitstamp for $200 million and expanded services to the EU. Analysts predict significant revenue growth, despite potential SEC legal challenges.

Portfolio Pulse from Khyathi Dalal

September 11, 2024 | 6:41 pm

CLSK

CORZ

MARA

CleanSpark Inc. (NASDAQ:CLSK) is acquiring seven Bitcoin mining facilities in Tennessee for $30M, increasing its hashrate by over 22%. This strategic move aims to leverage favorable political and energy environments, potentially boosting revenues and profitability.

Portfolio Pulse from Khyathi Dalal

September 11, 2024 | 6:11 pm