Streetbeat News

Acquisitions Mergers

FXNC

First National shares rise as shareholders approve a merger, signaling potential growth and strategic expansion for the company.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:10 pm

BA

CPER

X

Vice President Harris opposes the sale of US Steel to Nippon Steel, Wells Fargo downgrades Boeing, and copper prices fall.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:07 pm

BTI

OGI

British American Tobacco's subsidiary, BT DE Investments Inc., has completed the second tranche of its strategic equity investment in Organigram Holdings Inc., acquiring shares worth $30.8 million. This investment is part of a larger $92.3 million commitment aimed at supporting Organigram's international and technological expansion.

Portfolio Pulse from Jelena Martinovic

September 03, 2024 | 2:07 pm

CNFR

Conifer Holdings shares rose following the sale of its insurance agency operations for $45 million and the appointment of Brian Roney as CEO.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:54 pm

GRAL

ILMN

The European Court of Justice ruled in favor of Illumina, stating that the European Commission did not have jurisdiction over Illumina's acquisition of GRAIL, removing a $478M fine. Illumina spun off GRAIL, which is now an independent company, and maintains a 14.5% stake. The FTC also dismissed the case against Illumina and GRAIL in the U.S.

Portfolio Pulse from Vandana Singh

September 03, 2024 | 1:49 pm

FMCX

KKR

LBO

Bain Capital plans to outbid KKR for the acquisition of Fuji Soft, offering 5% more than KKR's bid. This move intensifies the competition for the Japanese software developer, which is valued at approximately $4.1 billion. KKR had previously announced its intention to take Fuji Soft private. Investors can gain exposure to this situation through ETFs like FM Focus Equity ETF and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF.

Portfolio Pulse from Lekha Gupta

September 03, 2024 | 1:34 pm

AAN

J Capital Research has issued a report questioning the go-private deal of The Aaron's Company (AAN), suggesting that the company might be concealing the true buyer. The report raises concerns about potential federal intervention in the deal.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:32 pm

LMB

Limbach Holdings, Inc. (NASDAQ:LMB) has acquired Kent Island Mechanical, LLC for an initial purchase price of $15 million. This acquisition enhances Limbach's service offerings in the Greater Washington, D.C. metro region, focusing on building systems solutions.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:20 pm

AGBA

AGBA Group Holding Limited and Triller Corp. have announced an amended and restated merger agreement. The newly combined entity will trade on Nasdaq as 'Triller Group Inc.' with the ticker 'ILLR'. The merger aims to create an advanced social media and entertainment platform powered by AI and machine-learning technologies. The transaction is pending regulatory and shareholder approvals.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:19 pm

MAS

Masco Corporation has entered into a definitive agreement to sell its Kichler Lighting business for approximately $125 million. This move is part of Masco's strategy to streamline its portfolio and focus on its core businesses.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:11 pm