Streetbeat News

Acquisitions Mergers

BITF

SDIG

Bitfarms Ltd (NASDAQ:BITF) is acquiring Stronghold Digital Mining Inc (NASDAQ:SDIG) in a $125 million merger, boosting its U.S. Bitcoin mining capacity. Bitfarms shares fell 6.8%, while Stronghold shares surged 63%. The merger, approved by both companies' boards, is expected to close in Q1 2025.

Portfolio Pulse from Henry Khederian

August 21, 2024 | 1:15 pm

DGX

Quest Diagnostics is set to acquire University Hospitals' outreach laboratory services business, expanding its diagnostic services in Ohio. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:03 pm

TJX

TJX Companies reported strong Q2 earnings, surpassing expectations with a 13% increase in EPS and a 6% rise in sales. The company raised its fiscal 2025 profit outlook and announced a $360 million investment in Dubai's Brands For Less. TJX shares rose 5.02% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 12:54 pm

ARCH

CEIX

Arch Resources and CONSOL Energy have announced a merger agreement, leading to a rise in their stock prices.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:43 pm

DY

Dycom Industries shares fell after the company reported its Q2 financial results and announced an acquisition.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:39 pm

SMFL

Smart For Life shares rise as the company enters negotiations to acquire four health and wellness targets, indicating potential expansion and growth in the sector.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:33 pm

BABA

JD

WMT

Walmart has sold its stake in JD.com, raising $3.6 billion, which led to a significant drop in JD.com's stock price. Jim Cramer praised Walmart's decision and highlighted Alibaba as the only Chinese stock with real liquidity. JD.com faces challenges from domestic competition and regulatory issues.

Portfolio Pulse from Shanthi Rexaline

August 21, 2024 | 12:28 pm

FWONK

Liberty Media Corporation has announced the pricing of its public offering of 10.65 million shares of Series C Liberty Formula One Common Stock (FWONK) at $77.50 per share, aiming to raise $825.375 million. The proceeds will partially fund the acquisition of Dorna Sports, S.L., and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:18 pm

LRHC

La Rosa Holdings Corp. (NASDAQ:LRHC) has acquired its Carolina, Puerto Rico-based franchisee, BF Prime LLC, as part of its expansion strategy. The acquisition introduces a new revenue model in Puerto Rico, with expectations of significant growth in the real estate market. La Rosa aims for $100 million in annualized revenue by 2024, with profitability projected for 2025. Despite these developments, LRHC shares fell by 4.76% premarket.

Portfolio Pulse from Akanksha Bakshi

August 21, 2024 | 12:15 pm

LRHC

La Rosa Holdings has announced the acquisition of its twelfth real estate brokerage franchisee, expanding its presence in the real estate market.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:15 pm