Streetbeat News

Acquisitions Mergers

ARCH

CEIX

Arch Resources shares rise following the announcement of an all-stock merger with CONSOL Energy to form Core Natural Resources.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:14 pm

ARCH

CEIX

Arch Resources and Consol Energy are merging to form a $5.2 billion coal entity, Core Natural Resources. The merger aims to create a leading North American coal producer with enhanced operational efficiencies and market reach. Despite industry challenges, the merger reflects coal's ongoing role in global energy production.

Portfolio Pulse from Stjepan Kalinic

August 21, 2024 | 12:12 pm

BLK

ETHE

GBTC

GS

Grayscale appoints Peter Mintzberg, a Wall Street veteran, as its new CEO to navigate growth and regulatory challenges. This move comes after converting its Bitcoin trust into an ETF and facing competition from BlackRock and Fidelity.

Portfolio Pulse from Murtuza Merchant

August 21, 2024 | 12:02 pm

SMFL

Smart for Life, Inc (NASDAQ:SMFL) is expanding its acquisition pipeline in the Health & Wellness sector, aiming for $100M in revenue. The company is negotiating acquisitions of four profitable targets and exploring additional prospects. SMFL's stock rose by 1.56% following the announcement.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 12:00 pm

SMFL

Smart for Life is engaging in multiple exploratory discussions with potential acquisition targets as part of its Phase 2 post-restructuring initiatives.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:00 pm

SMFL

Smart for Life is negotiating the acquisition of four profitable health and wellness companies, which could expand its market presence and enhance its financial performance.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:00 pm

SMFL

Smart for Life has provided updates on its merger and acquisition activities, indicating potential strategic growth and expansion plans.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:00 pm

SDIG

Stronghold Digital Mining shares rose following the announcement of a definitive merger agreement to be acquired by Bitfarms.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:53 am

PSCC

VGR

XSHD

Vector Group Ltd. (NYSE:VGR) has agreed to a $2.4 billion buyout by Japan's JT Group, with a 29.9% premium on its stock price. The deal is expected to close in Q4 2024. VGR shares rose 7.58% premarket. Investors can access VGR through ETFs like PSCC and XSHD.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 11:49 am

TDS

TDS Telecommunications has entered into a purchase agreement with Poka Lambro Telecommunications and Nevill Holdings, Inc. to transfer ownership of its cable operations in Texas.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:38 am