Streetbeat News

Acquisitions Mergers

PCT

PureCycle Technologies has raised $90 million through transactions with Sylebra Capital Management and Samlyn Capital. The funds will support the company's expansion in the recycled polypropylene market. The Ironton facility has achieved a significant processing milestone.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:04 pm

CLSK

CleanSpark is set to acquire seven Bitcoin mining facilities for $27.5 million in cash, aiming to reach a hash rate of 37 EH/s by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:02 pm

IBM

ORCL

IBM and Oracle are identified as potentially overbought tech stocks with high RSI values, indicating possible short-term price corrections. IBM's recent acquisition and Oracle's earnings beat have driven their stock prices up significantly.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 1:00 pm

STLA

Stellantis NV is investing over $406 million in Michigan facilities to support its multi-energy strategy, including electric and internal combustion engine models. This move is part of Stellantis' Dare Forward 2030 plan and aims to revitalize its North American operations amid challenges like a major vehicle recall and safety investigations.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 12:54 pm

AMZN

MSFT

Amazon's AWS plans to invest $11 billion in the UK over five years, supporting 14,000 jobs annually. This investment will enhance cloud and AI infrastructure, contributing significantly to the UK's GDP. AWS's global expansion includes substantial investments in Germany and Malaysia.

Portfolio Pulse from Anusuya Lahiri

September 11, 2024 | 12:54 pm

BABA

JD

JD.com is nearing a deal to acquire Home Credit Consumer Finance, aiming to expand its financial services. While this could enhance JD's offerings, it also poses risks due to China's challenging economic environment. The acquisition may not immediately boost JD's performance but could help it compete with rivals like Alibaba in the long term.

Portfolio Pulse from The Bamboo Works

September 11, 2024 | 12:49 pm

VOYA

Voya Financial is set to acquire OneAmerica Financial's retirement plan business. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 12:35 pm

SYK

Stryker (NYSE:SYK) expands its Foot & Ankle portfolio with the acquisition of the Osteotomy Truss System and Ankle Truss System from 4WEB Medical. These products, along with the Artelon portfolio, will be showcased at the AOFAS Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 12:27 pm

EWJ

X

Nippon Steel's executive, Takahiro Mori, is set to meet U.S. officials in Washington to discuss a steel buyout offer. The discussions will involve the Committee on Foreign Investment in the U.S. (CFIUS).

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 12:17 pm

PWR

Quanta Services has made a strategic equity investment in Hybar, joining a group of high-profile investors. This move could enhance Quanta's growth prospects and strategic positioning.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 11:14 am