Streetbeat News

Acquisitions Mergers

QCOM

Qualcomm's stock is rising following its announcement to acquire Sequans Communications' 4G IoT technologies for $200 million. The acquisition will enhance Qualcomm's IoT offerings, while Sequans retains rights to use the technology and focuses on its 5G portfolio.

Portfolio Pulse from Vaishali Prayag

August 23, 2024 | 6:38 pm

CBSTF

The Cannabist Company Holdings Inc. (OTCQX:CBSTF) is selling its Florida assets, including a cultivation facility and 14 dispensaries, for a total of $16.4 million. This move is part of a strategy to streamline operations and focus on growth markets. The transactions are subject to regulatory approvals.

Portfolio Pulse from Jelena Martinovic

August 23, 2024 | 6:07 pm

INSM

Shares of Insmed are being closely watched as traders circulate mentions of the company in a popular M&A blog, suggesting potential merger or acquisition activity.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:56 pm

SGRY

UNH

TPG and UnitedHealth are reportedly among the potential suitors for Surgery Partners, indicating possible acquisition interest. This could impact the stock prices of the involved companies.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 4:59 pm

AAPL

Dan Loeb's investment firm, Third Point, has taken a position in Apple as of April, according to Bloomberg. This move indicates confidence in Apple's future performance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 4:37 pm

BABA

Alibaba is changing its listing status in Hong Kong, potentially allowing mainland China investors to access its shares through the Southbound Bond Connect. Goldman Sachs sees this as a positive move, maintaining a Buy rating on Alibaba, and expects revenue growth stabilization.

Portfolio Pulse from Michael Juliano

August 23, 2024 | 4:21 pm

QCOM

Qualcomm's stock is rising following its announcement to acquire Sequans' 4G IoT Technologies for $200 million.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 3:20 pm

ELV

EVH

KKR

TPG

Evolent Health Inc (NYSE:EVH) is exploring a sale after receiving interest from private equity firms and healthcare providers. Potential buyers include TPG Inc, Clayton, Dubilier & Rice, KKR & Co. Inc., and Elevance Health Inc. Evolent has faced financial challenges despite revenue growth.

Portfolio Pulse from Vandana Singh

August 23, 2024 | 2:32 pm

CDNS

INTC

Intel board member Lip-Bu Tan resigns amid the company's struggles with cost cuts and declining revenue. Intel's Q2 revenue fell short of expectations, and the company plans significant cost reductions. Despite challenges, Intel aims to ship AI chips for PCs by 2025.

Portfolio Pulse from Anusuya Lahiri

August 23, 2024 | 2:07 pm

MNY

MoneySmart Group has rejected an unsolicited, non-binding $8 million offer from MoneyHero Group to acquire 100% of its shares. This decision indicates that MoneySmart is not interested in the acquisition proposal at this time.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 1:36 pm