Streetbeat News

Acquisitions Mergers

KIRK

Kirkland's has announced that its previously disclosed process of evaluating potential strategic opportunities is still ongoing.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:39 am

EAST

Eastside Distilling, Inc. (NASDAQ:EAST) announced a merger with Beeline Financial Holdings, Inc., causing its stock to skyrocket 162% in pre-market trading. The merger includes a debt-for-equity swap and asset sale, positioning Eastside in the digital mortgage services industry.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 10:30 am

MCK

McKesson Corporation has agreed to sell its Canada-based Rexall and Well.ca businesses to Birch Hill Equity Partners. The transaction aligns with McKesson's strategy to focus on its oncology and biopharma services platforms. The deal is subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:04 am

FYBR

VZ

Verizon Communications has agreed to acquire Frontier Communications in an all-cash transaction valued at $20 billion, or $38.50 per share. This acquisition will integrate Frontier's fiber network into Verizon's portfolio, enhancing its Fios offering.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:02 am

AI

EAST

MODD

Modular Medical, Inc. (NASDAQ:MODD) shares surged 29.1% in pre-market trading following FDA clearance of its MODD1 insulin pump. Other notable pre-market movers include Eastside Distilling, Inc. (NASDAQ:EAST) with a 177.2% gain due to a merger announcement, and C3.ai, Inc. (NYSE:AI) which fell 18.7% after releasing first-quarter results.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 9:33 am

APO

Apollo Global Management is acquiring Dutch equipment leasing company Beequip from NIBC to expand its European equipment finance platform. Beequip, with a portfolio of €1.4 billion, will enhance Apollo's strategy in secured credit generation.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 9:05 am

NISTF

NPSCY

X

The Biden administration has flagged Nippon Steel's $14.9 billion acquisition of U.S. Steel as a potential national security risk, which could lead to the deal being blocked. The Committee on Foreign Investment in the United States (CFIUS) expressed concerns about the impact on American steel production and trade remedies. The companies involved argue that blocking the deal could lead to job losses and weakened steel supply.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 7:41 am

ZETA

Zeta Global has announced a public offering of 13.2 million Class A common shares at $23.50 per share, raising $204.9 million. The offering includes shares from both Zeta and a selling stockholder, with a 30-day option for underwriters to purchase additional shares. Proceeds will be used for general corporate purposes, including potential future acquisitions.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:34 am

MSFT

Microsoft has avoided a UK antitrust investigation into its acquisition of certain assets from Inflection AI. The UK's Competition and Markets Authority (CMA) determined that the acquisition does not substantially lessen competition. Microsoft has recruited several key employees from Inflection AI, including Mustafa Suleyman, to strengthen its AI division.

Portfolio Pulse from Ananya Gairola

September 05, 2024 | 2:09 am

EAST

Eastside Distilling, Inc. (NASDAQ:EAST) is merging with Beeline Financial Holdings, a mortgage technology company. Eastside will issue Beeline shareholders a combination of common and preferred stock. This merger aims to position Eastside as a leader in digital mortgage services while continuing its craft spirits business.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:47 pm