Streetbeat News

Acquisitions Mergers

VSTS

Vestis shares are experiencing an uptick in trading following a report that Elis SA has made an offer to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:05 pm

APLD

EAST

HOTH

QLGN

SGLY

SIFY

U.S. stocks fell with the Dow Jones down over 1%. Notable stock movements included Eastside Distilling's 208% rise due to a merger, and Applied Digital's 74% increase following a $160 million financing agreement. U.S. crude oil inventories dropped significantly, impacting oil prices.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 4:27 pm

VSTS

Elis SA has reportedly made an offer to acquire Vestis, according to sources. This potential acquisition could impact the market dynamics and competitive landscape.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 4:10 pm

AG

First Majestic Silver Corp. shares declined following the announcement of its agreement to acquire Gatos Silver.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:47 pm

AG

GATO

First Majestic Silver Corp. (NYSE:AG) is acquiring Gatos Silver (NYSE:GATO) in an all-stock deal valued at $970 million. This acquisition will consolidate major silver assets in Mexico, enhancing First Majestic's production and operational efficiencies. Gatos shareholders will receive a 16% premium, and the deal is expected to close in early 2025.

Portfolio Pulse from Stjepan Kalinic

September 05, 2024 | 3:47 pm

X

U.S. Treasury Secretary Janet Yellen declined to comment on the CFIUS review of the U.S. Steel-Nippon Steel merger, emphasizing the rigorous process for assessing national security implications of such transactions.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:39 pm

MCK

McKesson shares declined following the announcement of an agreement to sell its Canada-based Rexall and Well.ca businesses to Birch Hill Equity Partners.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:13 pm

CNFR

Conifer Holdings shares rose following the announcement that Bishop Street Underwriters acquired its insurance business.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:05 pm

APLD

NVDA

Applied Digital Corp. shares surged by 62.7% following a $160 million private placement financing deal. The investment, involving NVIDIA and Related Companies, will fund data-center and AI cloud infrastructure expansion, enhancing Applied Digital's position in AI and HPC sectors.

Portfolio Pulse from Vaishali Prayag

September 05, 2024 | 3:00 pm

EAST

Eastside Distilling, Inc. (NASDAQ:EAST) shares surged after announcing a merger with Beeline Financial Holdings, a mortgage tech company. The deal includes a debt-for-equity exchange and asset sale, eliminating Eastside's debt and providing growth capital. EAST shares rose 249.9% on heavy trading volume.

Portfolio Pulse from Erica Kollmann

September 05, 2024 | 2:58 pm