Streetbeat News

Acquisitions Mergers

CNFR

DYN

IOBT

RXRX

SGRP

SIFY

U.S. stocks fell with the Nasdaq down over 2% and the Dow Jones down over 1%. Sify Technologies surged 105% after achieving a significant certification, while SPAR Group rose 65% due to an acquisition agreement. Conifer Holdings gained 46% after selling its insurance agency operations. IO Biotech, Dyne Therapeutics, and Recursion Pharmaceuticals saw significant declines due to various announcements.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 4:00 pm

GEV.N

GE Vernova has acquired the remaining 55% stake in a Saudi joint venture from Dussur, becoming the sole owner of the General Electric Saudi Advanced Turbines JV. The deal's value was not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:57 pm

TPG

TPG sold its stake in Sixth Street back to the firm for over $1 billion, ending a long partnership. The deal valued Sixth Street at $10 billion and allows both firms to focus on their respective business strategies.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:08 pm

TAP

TLRY

Tilray Brands, Inc. has completed the acquisition of three US craft breweries from Molson Coors, enhancing its position as a leading craft brewer in the US. This strategic move is expected to boost Tilray's beer business by 30% and increase production to 15 million cases annually.

Portfolio Pulse from Jelena Martinovic

September 03, 2024 | 3:07 pm

FTLF

FitLife Brands Inc (NASDAQ:FTLF) is expected to see strong revenue growth and cost savings, driven by M&A activities and a focus on online sales. Analyst Sean McGowan from Roth Capital Partners initiated coverage with a Buy rating and a $40 price target.

Portfolio Pulse from Priya Nigam

September 03, 2024 | 2:57 pm

KKR

KKR & Co shares are experiencing a decline due to competition from Bain Capital in acquiring Fuji Soft.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:52 pm

LSAK

The South African Competition Tribunal has approved the merger between Lesaka Technologies and Adumo without any conditions. This decision allows the two companies to proceed with their merger plans.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:40 pm

BYDDF

China's leading electric vehicle manufacturer, BYD Co., has decided to delay announcing a major plant investment in Mexico until after the US election. This decision is influenced by the uncertainty in American policy, prompting a cautious approach from global businesses.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:33 pm

VUZI

Vuzix shares are trading higher following an announcement that Quanta has made a $20 million investment in the company through common and preferred stock.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:24 pm

CBSTF

MINT Cannabis and Shango have entered a joint venture to acquire The Cannabist Company's Florida subsidiary, expanding their presence with 14 dispensaries and cultivation facilities. This move coincides with Donald Trump's endorsement of Florida's Amendment 3 for marijuana legalization.

Portfolio Pulse from Jelena Martinovic

September 03, 2024 | 2:11 pm