Streetbeat News

Acquisitions Mergers

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) shares are down after announcing the purchase of seven Bitcoin mining facilities in Knoxville, Tennessee for $27.5 million. The acquisition is expected to increase CleanSpark's total hashrate by over 22% and aligns with their growth strategy.

Portfolio Pulse from Dylan Berman

September 11, 2024 | 5:30 pm

PWR

Quanta Services shares rose following its strategic equity investment in Hybar, joining a notable group of investors.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 5:05 pm

AVDE

AVSD

UBS

UBS Group AG shares are trading lower despite affirming its commitment to the Swiss market. The bank aims to maintain its Swiss loan book at 350 billion francs, amidst scrutiny following its Credit Suisse acquisition. UBS reported strong Q2 FY24 results, beating sales and EPS expectations.

Portfolio Pulse from Lekha Gupta

September 11, 2024 | 4:40 pm

RTX

RTX CEO announced $8 billion in bookings for Raytheon in Q3 and stated there are no plans for transformative mergers and acquisitions like the UTC deal. The company is open to divesting non-core businesses to focus on its portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 4:37 pm

FXI

VGK

Chinese carmaker Geely is exploring potential locations for a manufacturing plant in Europe, but has not yet committed to establishing local production. This move could impact European market dynamics and Geely's global strategy.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:23 pm

CLSK

CleanSpark shares have declined following the announcement of its acquisition of seven Bitcoin mining facilities.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 2:51 pm

X

Business groups have expressed concerns that the U.S. government's review of Nippon's plan to acquire U.S. Steel is being influenced by political agendas, potentially risking the U.S. economy and jobs. This was reported by Reuters, citing a letter to the Treasury.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 2:17 pm

ICLK

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has announced a definitive agreement to sell its demand side marketing solutions business in mainland China to SiAct Inc. for RMB1 million. This move is part of iClick's strategy to scale down lower-margin, higher-risk businesses and focus on higher-margin services. The company will provide a RMB20 million loan to support the disposed business during the transition. iClick aims to enhance shareholder value by optimizing operations and exploring strategic growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:29 pm

RENB

RenovaroCube is planning to seek strategic investors to acquire up to 20% of the company. This move could potentially bring in new capital and strategic partnerships, impacting the company's future growth and operations.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:16 pm

PORT

Angel Studios is set to go public through a merger with Southport Acquisition Corp, with plans to list on NYSE or Nasdaq under the ticker 'AGSD'. The company reported $45 million in revenue for the first half of 2024, up from $39 million in 2023. The merger is expected to close in the first half of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:09 pm