Streetbeat News

Acquisitions Mergers

NORD

Nordicus Partners Corporation has acquired the remaining 5% of shares in Orocidin A/S through an all-stock transaction, enhancing its stake in the company.

Portfolio Pulse from

November 12, 2024 | 2:30 pm

AE

Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) is set to be acquired by an affiliate of Tres Energy LLC in an all-cash transaction valued at approximately $138.9 million.

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November 12, 2024 | 2:30 pm

NVPCF

Nova Pacific Metals Corp. has signed an option agreement to acquire the Anita Property, which is adjacent to its Lara Project on Vancouver Island. This acquisition could enhance Nova Pacific's mineral exploration potential.

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November 12, 2024 | 2:15 pm

AIRT

Ashland Place Finance LLC has completed a new financing facility for the acquisition of a Boeing 737-800, involving Crestone Air Partners, Air T, Inc., and Mill Road Capital. This marks the third transaction between Ashland Place and Crestone.

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November 12, 2024 | 2:15 pm

HON

Elliott Investment Management has sent a letter to Honeywell International Inc.'s board, disclosing a $5 billion investment and urging the company to split into two independent entities. Elliott predicts a 51-75% increase in Honeywell's share price over the next two years.

Portfolio Pulse from

November 12, 2024 | 2:00 pm

HD

Home Depot Inc reported a 6.6% increase in third-quarter sales to $40.2 billion, despite a 1.3% drop in comparable sales year-over-year. A strategic acquisition helped offset potential revenue declines.

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November 12, 2024 | 1:45 pm

LVO

PODC

PodcastOne (PODC) has acquired the Stassi podcast in a multiyear seven-figure deal, enhancing its female-focused content. This marks the 49th new podcast joining its platform in 2024, totaling 189 podcasts.

Portfolio Pulse from

November 12, 2024 | 1:45 pm

ACNB

ACNB Corporation has received all necessary regulatory approvals to acquire Traditions Bancorp, Inc., marking a significant step in the acquisition process.

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November 12, 2024 | 1:45 pm

CDZI

Cadiz, Inc. (NASDAQ: CDZI) is set to purchase 180 miles of steel pipe from the terminated Keystone XL Pipeline Project. This acquisition will aid in constructing a pipeline network connecting Cadiz's groundwater bank in the Mojave Desert to major water networks in the Southwestern U.S.

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November 12, 2024 | 1:45 pm

TRP

TC Energy has spun off its liquids pipelines business, South Bow, to focus on its gas midstream operations across North America. This move is expected to enhance profitability and capitalize on natural gas demand trends. Analysts have initiated an Overweight rating with a $46 price target.

Portfolio Pulse from

November 12, 2024 | 1:30 pm