Streetbeat News

Acquisitions Mergers

CFLT

Confluent, Inc. (NASDAQ:CFLT) has acquired WarpStream to enhance its data streaming capabilities, particularly in the Bring Your Own Cloud (BYOC) space. This acquisition allows Confluent to offer a comprehensive data streaming solution across different environments, including on-premises, cloud, and BYOC.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:15 pm

CALM

Cal-Maine Foods has completed a strategic investment with Crepini LLC, forming a new joint venture, Crepini Foods LLC. Cal-Maine will invest $6.75 million for a 51% stake, while Crepini LLC will hold 49%.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:11 pm

LMNR

Limoneira is continuing its exploration of strategic alternatives to maximize stockholder value. This process is progressing, indicating potential future changes or developments for the company.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:06 pm

EGIO

Edgio's shares are declining following the announcement of a stalking horse asset purchase agreement with Lynrock.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:17 pm

VSTO

MNC Capital Partners has revised its offer to acquire Vista Outdoor to $43 per share. Vista Outdoor has not indicated any other all-cash acquisition alternatives.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:10 pm

RILY

B. Riley Financial shares rose by 11.1% after announcing strategic initiatives, including selling a majority stake in Great American Group and securing $236 million in debt financing. These moves aim to generate $410 million in cash to reduce senior secured debt to $125 million by 2024.

Portfolio Pulse from Vaishali Prayag

September 09, 2024 | 6:13 pm

PRGS

RNSC

Progress Software Corporation (NASDAQ:PRGS) is acquiring ShareFile for $875 million, pausing dividends to redirect capital for debt repayment and future investments. The acquisition is expected to boost revenue and customer base significantly. PRGS shares fell 1.59% following the announcement.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 5:49 pm

EINC

KKR

PBA

Pembina Pipeline Corporation's joint venture, Pembina Gas Infrastructure Inc. (PGI), has reached a significant agreement with Veren Inc. to acquire oil batteries in Canada for CAD$400 million. This deal is expected to enhance Pembina's infrastructure and generate substantial EBITDA. The acquisition is set to close in Q4 2024.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 4:27 pm

TRUP

Trupanion, Inc. has officially launched its high-quality pet insurance product in Germany and Switzerland, following its expansion into Continental Europe in 2022 through acquisitions.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:03 pm

EXR

NSA

KeyBanc Capital Markets' analyst Todd Thomas has downgraded National Storage Affiliates Trust (NSA) from Overweight to Sector Weight, while maintaining an Overweight rating on Extra Space Storage Inc (EXR) and raising its price target to $178. The self-storage REITs market is expected to stabilize, with EXR planning to collapse the Life Storage brand and potential acquisition activity ahead.

Portfolio Pulse from Priya Nigam

September 09, 2024 | 3:53 pm