Streetbeat News

Acquisitions Mergers

MSFT

OpenAI is contemplating changes to its corporate structure as it engages in new funding discussions. This development could have implications for Microsoft, which has a significant investment in OpenAI.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 6:19 pm

STLA

Stellantis has expressed interest in North American brands while reaffirming its commitment to its entire portfolio. This indicates potential strategic moves in the North American market.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 2:16 pm

AAL

AAPL

BRK

DAL

KO

LUV

UAL

Warren Buffett's Berkshire Hathaway reached a $1 trillion market cap milestone, marking it as the first non-tech U.S. company to do so. The article highlights Buffett's investment journey, including significant investments in Coca-Cola, Geico, and Apple, and his decision to sell airline stocks during the pandemic.

Portfolio Pulse from Chris Katje

August 30, 2024 | 1:38 pm

DELL

SCWX

Dell Technologies Inc. shares rose after reporting better-than-expected Q2 results, with a 9% revenue increase and strong AI momentum. Dell is considering selling SecureWorks to reduce debt. B of A Securities raised Dell's price target to $155. Dell shares are up 44% this year.

Portfolio Pulse from Erica Kollmann

August 30, 2024 | 1:37 pm

STI

Solidion Technology has announced a $4 million securities purchase agreement with institutional investors, with the closing expected on September 3, 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 12:40 pm

DELL

SCWX

Dell Technologies is considering selling its cybersecurity subsidiary, SecureWorks, which has led to a drop in SecureWorks' stock price. Dell's stock, however, has risen following strong quarterly revenue results.

Portfolio Pulse from Anusuya Lahiri

August 30, 2024 | 12:14 pm

STLA

Frank B. Rhodes, Jr., an heir to the Chrysler legacy, has proposed to acquire the Chrysler and Dodge brands from Stellantis NV. The proposal aims to return jobs and American ownership to these brands.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 12:05 pm

INTC

NVDA

TSM

Intel is considering a major business split, including separating its product design and manufacturing units, amid strategic reviews. The company is also contemplating scrapping factory projects and potential mergers and acquisitions. Despite a recent stock price gain, Intel faces challenges, including workforce downsizing and competition from companies like Taiwan Semiconductor and Nvidia.

Portfolio Pulse from Anusuya Lahiri

August 30, 2024 | 10:42 am

CTRE

CareTrust REIT has acquired two skilled nursing facilities for a total of $62.1 million. The company has $221 million in cash and initiated a $750 million ATM program.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:34 pm

AGFY

Agrify has entered into a purchase agreement and a registration rights agreement with Iconic Ventures, allowing Iconic to purchase up to $15 million of Agrify's common stock.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:37 pm