Streetbeat News

Acquisitions Mergers

APLD

NVDA

Shares of Applied Digital (APLD) surged over 4% in extended trading after Nvidia (NVDA) reported a stake in the company.

Portfolio Pulse from

November 14, 2024 | 11:30 pm

ACRHF

Acreage Holdings reported its Q3 2024 financial results, highlighting the launch of non-medical sales in Ohio, which contributed 38% to state-level revenue. The company secured an $8 million capital infusion and anticipates the Canopy USA acquisition to close by mid-2025.

Portfolio Pulse from

November 14, 2024 | 11:30 pm

GIS

General Mills is facing challenges with sales stagnation, strategic shifts, and high acquisition costs, particularly in the pet food sector. Despite a strong brand, recent divestments and acquisitions have been costly and strategically questionable, leading to concerns about future growth and dilution risks.

Portfolio Pulse from

November 14, 2024 | 11:15 pm

STLJF

Stella-Jones shares are considered a buy after a 27% drop due to disappointing Q3 results and lowered 2025 guidance. Despite this, long-term fundamentals are solid, and the company is pursuing a sizable acquisition to drive growth.

Portfolio Pulse from

November 14, 2024 | 11:00 pm

CDMO

Punch & Associates has announced its intention to vote against the proposed acquisition of Avid Bioservices, Inc. by GHO Capital and Ampersand Capital.

Portfolio Pulse from

November 14, 2024 | 11:00 pm

PULM

Rigrodsky Law, P.A. is investigating Pulmatrix, Inc. for potential breaches of fiduciary duties related to its merger with Cullgen Inc.

Portfolio Pulse from

November 14, 2024 | 10:45 pm

EVO

HALO

Evotec SE has received a non-binding expression of interest from Halozyme Therapeutics Inc. for a potential takeover offer at EUR 11.00 per share. Evotec will analyze the offer and inform the market accordingly.

Portfolio Pulse from

November 14, 2024 | 10:45 pm

NGMD

NuGen Medical Devices Inc. announced the approval of Sol-Millennium Medical HK Limited and Nature Health Development as new Control Persons after acquiring C$10 million in convertible debentures.

Portfolio Pulse from

November 14, 2024 | 10:30 pm

BRK-A

COF

DPZ

POOL

Berkshire Hathaway, led by Warren Buffett, has taken a small stake in Domino's Pizza and a new position in Pool Corp., while reducing its stake in Capital One.

Portfolio Pulse from

November 14, 2024 | 10:30 pm

AAPL

DPZ

POOL

Warren Buffett's Berkshire Hathaway has shown interest in Domino's Pizza while reducing its stake in Apple. The investment firm also holds shares in Pool Corporation.

Portfolio Pulse from

November 14, 2024 | 10:30 pm