Streetbeat News

Acquisitions Mergers

HPE

Hewlett Packard Enterprise (HPE) is set to release its Q3 earnings report, with expected earnings of 47 cents per share and revenue of $7.66 billion. The company recently agreed to acquire Morpheus Data. HPE offers a dividend yield of 2.74%, translating to a quarterly dividend of 13 cents per share. To earn $500 monthly from dividends, an investor would need approximately 11,538 shares, worth around $219,914. HPE shares recently fell 1.6% to $19.06.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 12:29 pm

NISTF

X

U.S. Steel (NYSE:X) may shut down mills and relocate its headquarters if a sale to Nippon Steel (OTC:NISTF) fails. The $14.1 billion deal faces opposition from political figures and unions. Nippon Steel plans to invest $2.7 billion to keep U.S. Steel competitive.

Portfolio Pulse from Benzinga Neuro

September 04, 2024 | 12:25 pm

GTLB

WISA

ZS

GitLab shares rose 17% after strong Q2 results and positive FY25 guidance, with Baird raising its price target. Zscaler shares fell 17% post-Q4 earnings, with lowered price targets from Needham and Baird. WiSA Technologies shares surged 75% after acquiring Datavault's assets for $210 million.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:24 pm

LSXMA

SIRI

Liberty Media and Sirius XM have announced the final exchange ratio for their split-off, where Liberty SiriusXM shareholders will receive 0.8375 shares of new Sirius stock per share. This will be followed by a merger creating a new public company trading under the symbol 'SIRI'.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:20 pm

JWN

Anne E. Gittinger has reported a 9.4% stake in Nordstrom as of September 3. Erik and Peter Nordstrom are set to engage in discussions with a special committee regarding a potential going private deal.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:17 pm

DXPE

DXP Enterprises, Inc. (NASDAQ:DXPE) has acquired Hartwell Environmental Corporation, enhancing its presence in the water and wastewater industry in Texas and Oklahoma. The acquisition was funded with cash, and no financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:17 pm

EPAM

EPAM Systems is set to acquire NEORIS, aiming to expand its delivery capabilities in Latin America and Europe. This acquisition is expected to enhance client value across key industries. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:06 pm

WISA

WiSA Technologies' shares rose following their announcement of a $210 million asset purchase agreement to acquire Datavault's intellectual property and IT assets.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:04 pm

BX

LBO

PSP

Blackstone Inc. (NYSE:BX) is acquiring AirTrunk, a major data center platform in Asia Pacific, for over A$24 billion, marking its largest investment in the region. This move aligns with the growing demand for digital infrastructure driven by AI and digitization. The acquisition is pending approval from the Australian Foreign Investment Review Board. Blackstone's shares are slightly down premarket.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 12:01 pm

CRGY

Crescent Energy has signed a definitive agreement to acquire assets from a private Eagle Ford operator for $168 million in cash.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:48 am