Streetbeat News

Acquisitions Mergers

MRDB

K1 Investment Management has acquired MariaDB, appointing Rohit de Souza as the new CEO. This strategic move aims to enhance MariaDB's growth and innovation in scalable database solutions.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:23 pm

ALIM

ANIP

Alimera Sciences shares declined following the company's announcement of a lawsuit against ANI Pharmaceuticals, related to fulfilling a contractual obligation for a merger agreement.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:15 pm

JPM

XOM

JP Morgan CEO Jamie Dimon stated that the bank would not have acquired First Republic without government backing. He emphasized the need for rational policies to tackle climate issues and finance energy transitions, highlighting the importance of financing companies like Exxon and providing LNG to allies.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:05 pm

CTRM

Castor Maritime Inc. (NASDAQ:CTRM) has agreed to acquire a 2009-built 1,850 TEU containership for $16.49 million, financed with cash on hand. The acquisition is expected to close by October 2024, with the vessel employed under a four-month time charter at $29,000 per day.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:03 pm

AU

AngloGold Ashanti's shares are trading lower following the announcement of its $2.5 billion acquisition of Centamin.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:03 pm

ALIM

ANIP

Alimera Sciences has filed a lawsuit against ANI Pharmaceuticals in the Delaware Court of Chancery to compel ANI to fulfill its contractual obligations and close their merger agreement. Alimera's shareholders approved the merger on September 4, clearing the last requirement for closing.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:02 pm

HLF

LMB

PBF

Insider trades reveal significant purchases in Herbalife, PBF Energy, and Limbach Holdings, indicating potential confidence in these companies. Herbalife's insider bought 10,000 shares despite poor Q2 results. PBF Energy's major shareholder acquired over 1.2 million shares ahead of Q3 earnings. Limbach Holdings' director purchased 1,200 shares following an acquisition.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 12:49 pm

BABA

Alibaba's Chair Joe Tsai has expanded his investments into elite French vineyards, while Alibaba's stock sees a rise after entering China's Stock Connect. Morgan Stanley predicts a $12 billion fund unlock for Alibaba within six months.

Portfolio Pulse from Anusuya Lahiri

September 10, 2024 | 12:25 pm

CAC

NWYF

Camden National Corporation is set to acquire Northway Financial in an all-stock transaction valued at approximately $86.6 million. Northway shareholders will receive 0.83 shares of Camden National common stock for each outstanding share of Northway.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:21 pm

AMSC

AMSC projects its FY24 revenues, including the NWL acquisition, to be between $50M and $55M, with an expected positive cash generation of $1M to $4M.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:12 pm