Streetbeat News

Acquisitions Mergers

BHAT

Blue Hat shares are trading lower following the announcement of a 1,000-kilogram gold acquisition for $66.49 million.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:22 pm

COP

MRO

Marathon Oil has received stockholder approval for its pending merger with ConocoPhillips. The transaction is expected to close in late Q4 2024, pending regulatory clearance and closing conditions.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:09 pm

ALK

HA

UAL

United Airlines is petitioning the Department of Transportation to block a merger between Alaska Airlines and Hawaiian Airlines, citing concerns over existing cooperation agreements with Hawaiian Airlines.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:06 pm

AMLP

ENLC

MLPA

OKE

ONEOK, Inc. (NYSE:OKE) is acquiring a 43% stake in EnLink Midstream (NYSE:ENLC) for $3 billion and all equity interests in Medallion Midstream for $2.6 billion. The transactions, valued at $5.9 billion, will enhance ONEOK's capacity in the Permian Basin and are expected to close in Q4 2024. ENLC shares rose 13.22% premarket.

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 1:38 pm

NOK

Nokia shares are experiencing an uptick due to reports that Samsung is interested in acquiring Nokia's mobile networks assets.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:25 pm

NOK

Nokia's mobile networks assets have reportedly attracted interest from Samsung, according to Bloomberg. This development could lead to potential strategic moves in the telecommunications sector.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:22 pm

NVDA

UBER

Uber has invested in Wayve's Series C funding round to accelerate the development of self-driving technology. This partnership aims to integrate Wayve's autonomous vehicle technology into Uber's network, enhancing Uber's autonomous vehicle capabilities.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 1:17 pm

TCJH

Top KingWin's subsidiary, Shenzhen Tomorrow Innovation, has acquired Guji Technology, enhancing its AI strategy with expertise in storage chips and servers. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:03 pm

BHAT

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) has executed a $66.49 million acquisition of 1,000 kilograms of gold, marking the launch of its gold supply chain business. This strategic move aims to establish a presence in the gold market by supplying gold to refineries, wholesalers, and retailers.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:38 pm

PPG

PPG Industries has agreed to sell its silicas products business to Qemetica S.A. for approximately $310 million. The transaction is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:01 pm