Streetbeat News

Acquisitions Mergers

VCIG

VCI Global Limited (NASDAQ:VCIG) has successfully concluded a capital-raising round for its AI business and plans to initiate a share repurchase program in Q1 2025. The company is reorganizing its AI operations into four segments, including GPU servers and cloud computing, AI solutions, and cybersecurity.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:02 pm

HPE

IBM

XRX

Analysts have provided ratings for three high-dividend tech stocks: Xerox (XRX), IBM (IBM), and Hewlett Packard Enterprise (HPE). Xerox has a high dividend yield of 9.77% and recent strategic partnership news. IBM, with a 3.28% yield, plans to acquire Accelalpha. HPE, yielding 2.95%, announced a $1.35 billion stock offering.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 11:58 am

TRP

TC Energy's equity interest purchase transaction for the NGTL System and Foothills Pipeline assets has been delayed due to a structuring issue. The company aims to ensure meaningful distributions to Indigenous Communities while maintaining asset value.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:57 am

AU

CELTF

AngloGold Ashanti plans to acquire Centamin for $2.5 billion in an all-share deal, making it the fourth-largest gold producer globally. The acquisition includes Centamin's Sukari gold mine, a Tier 1 asset, and is expected to be accretive from day one. Centamin shareholders will receive a premium and hold 16.4% of the enlarged company.

Portfolio Pulse from Stjepan Kalinic

September 10, 2024 | 11:53 am

MEG

Montrose Environmental Group has acquired Origins Laboratory, LLC, a NELAP-certified environmental testing laboratory. Origins will be integrated into Montrose's Measurement and Analysis Segment, operating under Enthalpy Analytical, LLC.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:41 am

SIRI

Sirius XM Holdings Inc. has become an independent, publicly traded company following its transaction with Liberty Media. Its common stock will trade on Nasdaq under the ticker symbol 'SIRI' starting September 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:24 am

VSTO

Vista Outdoor is engaging with MNC Capital as part of its strategic review and has adjourned its special stockholders meeting to September 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:22 am

TEX

Terex's proposed acquisition of Environmental Solutions Group has cleared the antitrust waiting period under the HSR Act. The deal is expected to close later this year, pending customary non-regulatory conditions.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:17 am

GOOGL

IYF

PLTR

XOM

On CNBC's 'Final Trades,' experts discussed various stocks. iShares U.S. Financials ETF was highlighted by Shannon Saccocia. Exxon Mobil withdrew from a potential acquisition in Namibia. Alphabet faces scrutiny from the UK's CMA over ad tech practices. Palantir Technologies was added to the S&P 500, boosting its stock price.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 10:33 am

UPS

UPS has announced its agreement to acquire healthcare logistics providers Frigo-Trans and BPL. This acquisition aims to enhance UPS's capabilities in Europe for temperature-sensitive and time-critical logistics. The deal is expected to close in Q1 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 10:32 am