Streetbeat News

Acquisitions Mergers

GV

Visionary Holdings has entered into a Memorandum of Understanding (MOU) with the Public Investment Fund to support global mergers, industrial upgrades, and growth strategy. The investor is expected to make a $120 million investment.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:53 am

PRGS

Progress Software anticipates that its acquisition of ShareFile will contribute over $240 million in annual revenue and add more than 86,000 customers.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:14 am

PRGS

Progress Software's board has decided to suspend its quarterly dividend following the acquisition of ShareFile. The capital previously allocated for dividends will now be redirected towards debt repayment to enhance liquidity.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:11 am

PRGS

Progress has entered into a definitive agreement to acquire ShareFile, a business unit of Cloud Software Group, for $875 million. The acquisition will be financed through a combination of cash and an existing revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:09 am

AIRE

reAlpha Tech has acquired the mortgage brokerage company Be My Neighbor, expanding its real estate services to include mortgage lending and refinancing. This acquisition enhances reAlpha's AI-powered homebuying platform by integrating mortgage services.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:02 am

MEOH

Methanex is set to acquire OCI Global's methanol business for $2.05 billion, enhancing its North American operations. The acquisition aligns with Methanex's strategic goals and is expected to boost free cash flow per share immediately. OCI will retain a 13% ownership stake post-acquisition.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 6:53 am

BIG

Big Lots has entered a sale agreement with Nexus Capital and initiated a voluntary Chapter 11 process to facilitate restructuring and ownership transition. The company aims to achieve profitability by 2025 and has secured interim financing to support operations.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 6:31 am

ANCTF

SVNDY

Alimentation Couche-Tard is pursuing talks with Seven & i Holdings after its $38.5 billion acquisition bid was rejected. The Canadian company is willing to make divestitures to address antitrust concerns and is confident in securing financing for the deal.

Portfolio Pulse from Benzinga Neuro

September 09, 2024 | 2:38 am

AAPL

AMZN

MSFT

NVDA

TSLA

The AI sector saw significant developments this week, with Goldman Sachs dismissing bubble concerns, Nvidia's ambitious one-stop shop plans, and a projected $10 trillion valuation. Cathie Wood praised Elon Musk's xAI team, and OpenAI's co-founder raised $1B for a new startup.

Portfolio Pulse from Benzinga Neuro

September 08, 2024 | 1:08 pm

VEXTF

Vext Science Inc. (OTC:VEXTF) is poised to benefit from Ohio's burgeoning recreational cannabis market, despite facing challenges in Arizona. Ohio's market launch has led to a significant sales increase, positioning Vext as a strong contender among multi-state operators. However, Vext's overall sales declined due to issues in Arizona. Analyst Pablo Zuanic projects a potential fivefold increase in Vext's valuation by late 2025.

Portfolio Pulse from Nicolás Jose Rodriguez

September 07, 2024 | 8:21 pm