Streetbeat News

Acquisitions Mergers

X

The Committee on Foreign Investment in the United States (CFIUS) has raised national security concerns regarding Nippon Steel's bid for U.S. Steel, citing potential reductions in domestic steel production capacity. U.S. Steel and Nippon Steel have responded to 19 rounds of questions from CFIUS, which also considered Nippon Steel's limited use of trade remedies.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:30 pm

APLD

CHPT

EAST

SAIC

Science Applications International Corp (SAIC) reported strong Q2 earnings, with revenue and EPS beating analyst expectations. Eastside Distilling (EAST) surged on a merger announcement, while Applied Digital (APLD) rose on a significant financing agreement. ChargePoint Holdings (CHPT) fell due to disappointing revenue results.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 6:30 pm

EWJ

TM

Toyota and Nissan, along with other companies, are set to invest approximately $7 billion to increase Japan's battery production capacity by 50%, focusing on automotive batteries. This investment will raise the capacity from 80 GWh to 120 GWh.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:21 pm

X

The CFIUS process regarding the potential involvement of Nippon Steel with U.S. Steel is ongoing, as stated by White House Press Secretary Jean-Pierre. This indicates that regulatory scrutiny is still in progress.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:41 pm

PRMW

Primo Water shares rose following the expiration of the waiting period under the Hart-Scott-Rodino Act for its all-stock combination with BlueTriton Brands.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:38 pm

FYBR

NIO

TSLA

VZ

X

The S&P 500 fell below 4,500 points due to cooling jobs data, while Tesla led tech gains. Natural gas prices spiked, and major indices saw declines. Notable stock movements included Tesla's 4% rise and Verizon's acquisition of Frontier Communications.

Portfolio Pulse from Piero Cingari

September 05, 2024 | 5:35 pm

PRMW

Primo Water Corporation and BlueTriton Brands have announced the expiration of the HSR waiting period for their all-stock merger. The transaction is expected to close by the end of 2024, pending shareholder, regulatory, and court approvals.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:28 pm

JWN

RDIV

RFV

Nordstrom shares are trading higher following a proposal by the Nordstrom family and El Puerto de Liverpool to take the company private at $23 per share. This move comes six years after a previous attempt. Goldman Sachs highlights the importance of real estate value in such transactions. Nordstrom recently reported strong earnings, and investors can gain exposure through ETFs like RDIV and RFV.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 5:27 pm

SMAR

Smartsheet shares surged following reports that Vista Equity and Blackstone are in talks to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:25 pm

BX

SMAR

An investor consortium, including Vista Equity Partners and Blackstone, is reportedly in talks to acquire Smartsheet. This potential acquisition could impact Smartsheet's stock price and market position.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:14 pm