Streetbeat News

Acquisitions Mergers

CTO

CTO Realty Growth has completed the acquisition of three open-air shopping centers for $137.5 million. This strategic move is expected to enhance their portfolio and potentially increase revenue streams.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:47 am

BITF

SDIG

Stronghold shareholders will receive 2.52 shares of Bitfarms for each Stronghold share, valuing each Stronghold share at $6.02. Post-transaction, Stronghold shareholders will own just under 10% of the combined company. The merger aims to enhance Bitfarms' energy capacity significantly by 2025.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:34 am

BITF

SDIG

Bitfarms has agreed to acquire Stronghold Digital Mining in a stock-for-stock merger valued at $125 million in equity, plus the assumption of $50 million in debt. This merger could impact the stock prices of both companies.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:31 am

DY

Dycom Industries anticipates that its recent acquisition will contribute $250M to $275M in contract revenues for fiscal year 2026.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:07 am

DY

Dycom Industries has announced the acquisition of Black & Veatch's Public Carrier Wireless Telecommunications Infrastructure Business. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:06 am

VGR

Vector Group is set to be acquired by Tokyo-based JT Group for $15.00 per share, totaling approximately $2.4 billion. The acquisition will make Vector Group a wholly owned subsidiary of JT Group, pending customary closing conditions and regulatory approvals. The deal is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:04 am

BABA

META

NVDA

TCEHY

Alibaba and Tencent are increasing their investments in AI startups, with 40% and 30% of their deals in China focused on AI, respectively. This strategic shift aims to enhance their technological edge and market influence amid regulatory and economic challenges.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 9:52 am

LVMHF

Bernard Arnault, CEO of LVMH, has invested over $300 million in AI startups through Aglaé Ventures, amid challenges faced by LVMH. These investments come as LVMH's shares declined after disappointing earnings, impacting Arnault's wealth.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 9:31 am

RIVN

STLA

Tim Fallon, Rivian's Head of Manufacturing, has joined Stellantis as the head of manufacturing in North America. This move comes as Stellantis faces declining profits and revenues, and aims to revitalize its North American operations.

Portfolio Pulse from Anan Ashraf

August 21, 2024 | 9:17 am

GOOG

GOOGL

Alphabet Inc. has merged its Pixel, Android, and Chrome groups into a superunit led by Rick Osterloh, aiming to enhance its competitive edge against Apple's iPhone by leveraging AI. The reorganization involves key figures like Sameer Samat and Parisa Tabriz, and comes amid scrutiny over Google's competitive pace.

Portfolio Pulse from Ananya Gairola

August 21, 2024 | 8:47 am