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Acquisitions Mergers

CNPOF

CNTMF

RIV Capital Inc. reported a 111% increase in Q2 2024 revenue, driven by its expansion in New York. The company is preparing for a merger with Cansortium Inc., which will create a multi-state cannabis operator covering 25% of the U.S. population. Despite the revenue surge, RIV Capital reported a net loss of $8.3 million for the quarter.

Portfolio Pulse from Jelena Martinovic

August 28, 2024 | 2:14 pm

FL

Fourlis Group has announced licensing agreements with Foot Locker to expand its network in South East Europe. Additionally, Fourlis will acquire Foot Locker operations in Greece and Romania.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:05 pm

FSTA

JD

WMT

XLP

Walmart Inc. (NYSE:WMT) is trading higher premarket after announcing new initiatives for the holiday season, including category expansion and multichannel fulfillment. The company also sold its stake in JD.com Inc. (NASDAQ:JD) and reported strong earnings. Investors can gain exposure through ETFs like SPDR Select Sector Fund – Consumer Staples (NYSE:XLP) and Fidelity MSCI Consumer Staples Index ETF (NYSE:FSTA).

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 1:39 pm

DIS

Disney and Reliance are planning to sell 7-8 TV channels to gain antitrust approval for their media merger in India. This move is part of their commitments to address regulatory concerns.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:32 pm

DRQ

Dril-Quip is urging its stockholders to vote in favor of a merger with Innovex Downhole Solutions, despite a critical report from Glass Lewis. The board believes the merger is the best value-maximizing option.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:22 pm

SPRC

SciSparc Ltd. has granted Polyrizon Ltd. global rights to its SCI-160 pain therapy program in a deal worth up to $6 million. SciSparc will receive $3 million in Polyrizon securities and potential milestone fees of $3 million in cash.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:00 pm

WIT

Wipro has signed an agreement to subscribe for equity share capital in Huoban Energy 11, indicating a strategic investment move.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:12 pm

ACAC

Acri Capital Acquisition shares rose following the announcement of a business combination with Foxx Development.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 11:33 am

VALE

Vale SA has appointed its CFO, Gustavo Pimenta, as the new CEO, ending a turbulent succession process. The decision aims to stabilize the company and reduce market speculation. Pimenta's appointment follows internal conflicts and political interference concerns during the selection process.

Portfolio Pulse from Stjepan Kalinic

August 28, 2024 | 11:15 am

IYE

XLE

XOM

Exxon Mobil plans to sell $1 billion worth of conventional oil assets in the Permian Basin to focus on shale production after acquiring Pioneer Natural Resources. The company aims to produce 4.3 million barrels of oil and gas daily this year. Investors can gain exposure to Exxon Mobil through ETFs like XLE and IYE.

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 10:43 am