Streetbeat News

Acquisitions Mergers

PAA

Plains All American Pipeline, L.P. reported mixed Q3 '24 results with a revenue miss but an earnings beat. The company aims for fee-based growth through disciplined acquisitions and projects, expecting strong performance from Permian assets.

Portfolio Pulse from

November 13, 2024 | 1:15 am

C

Citigroup CEO Jane Fraser stated that the election of Donald Trump has released pent-up demand for mergers and acquisitions (M&A) activity. Citigroup's clients are now focused on launching M&A activities.

Portfolio Pulse from

November 13, 2024 | 12:30 am

FA

First Advantage Corporation's acquisition of Sterling Check has resulted in a leveraged balance sheet and overvalued shares, negatively impacting capital returns. The company plans to integrate Sterling, achieve cost synergies, and focus on deleveraging to improve financial stability and growth prospects. Despite strong industry positioning, high leverage and limited capital returns make First Advantage less attractive for long-term investors.

Portfolio Pulse from

November 13, 2024 | 12:00 am

SAVE

ULCC

Spirit Airlines is facing potential bankruptcy as merger talks with Frontier Airlines have broken down. Spirit is now in discussions with creditors to explore its options.

Portfolio Pulse from

November 12, 2024 | 11:30 pm

PARA

Paramount Global shareholder Mario Gabelli is requesting the FCC to delay the review of the Skydance-Paramount merger until more financial details are disclosed. Gabelli, who has been critical of the merger, is seeking greater transparency.

Portfolio Pulse from

November 12, 2024 | 11:30 pm

BUD

AB InBev's CEO Michel Doukeris emphasizes the company's focus on organic growth rather than mergers and acquisitions. This marks a strategic shift for the company, which has historically expanded through acquisitions.

Portfolio Pulse from

November 12, 2024 | 11:30 pm

SAVE

ULCC

Spirit Airlines is reportedly preparing for a bankruptcy filing after failed merger talks with Frontier Airlines. This news led to a 35% drop in Spirit's shares during after-hours trading.

Portfolio Pulse from

November 12, 2024 | 11:15 pm

ORGN

Origen Resources Inc. has signed an agreement with Equity Metals Corporation, allowing Equity to earn a 100% interest in the Arlington Property by fulfilling certain financial and exploration commitments.

Portfolio Pulse from

November 12, 2024 | 11:15 pm

WD

Walker & Dunlop, Inc. has secured $113 million in acquisition financing for Franklin 299, a Class-A multifamily community in the Bay Area, on behalf of Acacia Capital.

Portfolio Pulse from

November 12, 2024 | 11:15 pm

GLXZ

Galaxy Gaming stockholders have approved the company's acquisition by Evolution Malta Holding Limited, a subsidiary of Evolution AB. This marks a significant step in the merger process.

Portfolio Pulse from

November 12, 2024 | 10:15 pm