Streetbeat News

Acquisitions Mergers

DJT

DWAC

Trump Media & Technology Group (NASDAQ:DJT) has seen its stock hit new lows since its public debut in March 2024. The stock, which opened at $70.90, is now trading at $21.42. Marjorie Taylor Greene, who invested in the SPAC Digital World Acquisition (DWAC) before the merger, is facing significant losses on her investment. Despite the downturn, major institutional investors like BlackRock and Vanguard have bought shares recently.

Portfolio Pulse from Chris Katje

August 20, 2024 | 10:08 pm

KR

Kroger has announced the pricing of $10.5 billion in senior notes, with proceeds intended to fund part of its proposed merger with Albertsons Companies, Inc. The notes have varying maturities and interest rates, with settlement expected by August 2024.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:46 pm

BNED

IMMR

Immersion Corporation reported a significant increase in Q2 2024 adjusted EPS and sales, largely due to its acquisition of a 42% stake in Barnes & Noble Education. This acquisition has allowed Immersion to consolidate Barnes & Noble Education's financials, contributing to the impressive financial results.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:28 pm

H

Hyatt Hotels plans to acquire the brands and most affiliates of Standard International, including The Standard and Bunkhouse Hotels, for a base price of $150 million, with potential additional payments of up to $185 million. Stabilized fees are expected to be $17 million, with potential additional fees of up to $30 million.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:51 pm

AGYS

Agilysys has acquired Book4Time for approximately $150 million. This acquisition aims to extend Agilysys's global presence, consolidate its market leadership in spa management software, and create further subscription revenue growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:31 pm

TGNA

ALLCITY Network has successfully raised Series B funding, with TEGNA's investment pushing the total funding beyond $25 million.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:30 pm

FWONK

Liberty Media Corporation announced a public offering of 10.65 million shares of Series C Liberty Formula One Common Stock (FWONK) to partially fund the MotoGP acquisition and for general corporate purposes. An option for underwriters to purchase an additional 1.6 million shares is also expected.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:24 pm

WMS

Advanced Drainage Systems has signed a definitive agreement to acquire Orenco Systems, a manufacturer of advanced onsite septic wastewater treatment products. The transaction is expected to close in the third quarter of fiscal 2025, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:02 pm

LTTSF

Lotus Ventures Inc. has completed a sale of its shares to 5008679 Ontario Limited, resulting in the delisting from the CSE and OTC Markets. The company faced financial difficulties, including a significant revenue drop and a net loss in 2022.

Portfolio Pulse from Nina Zdinjak

August 20, 2024 | 7:50 pm

LTRY

Lottery.com has finalized the acquisition terms for S&MI Ltd, with the acquisition price to be paid in Lottery.com common stock at $3.00 per share. This acquisition aims to enhance the Sports.com brand and expand its market reach, particularly in the Middle East and North Africa.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:00 pm