Streetbeat News

Acquisitions Mergers

CG

Carlyle Group (NASDAQ:CG) is investing in SEIDOR, a technology services consultancy, to support its expansion and innovation. The investment will be funded by Carlyle Europe Technology Partners V, a €3 billion fund.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 11:06 am

GTE

Gran Tierra Energy is set to acquire i3 Energy for $225.4 million, offering a 49% premium on i3 Energy's share price. The acquisition will be executed through a court-sanctioned scheme, with i3 shareholders receiving cash and shares in Gran Tierra.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:13 am

ALK

HA

The $1.9 billion merger between Alaska Airlines and Hawaiian Airlines has received DOJ approval and awaits the Transportation Department's nod. This merger could become the largest among U.S. carriers since Alaska's merger with Virgin America. Despite challenges, Hawaiian Airlines' shares have surged, while Alaska Airlines' stock has been under pressure.

Portfolio Pulse from Benzinga Neuro

August 20, 2024 | 8:40 am

CNM

Core & Main Inc. (NYSE:CNM) has announced a definitive agreement to acquire Green Equipment Company, a provider of underground utility protection equipment. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:03 am

ROP

Roper Technologies, Inc. (NASDAQ:ROP) has announced a $3 billion public offering of senior unsecured notes to repay debt and fund acquisitions, including the expected purchase of Transact Campus, Inc. The offering includes notes due in 2029, 2032, and 2034 with varying interest rates.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:55 am

PARA

Edgar Bronfman Jr. has submitted a $4.3 billion bid for National Amusements and a minority stake in Paramount Global, aiming to disrupt a previous merger agreement between Paramount and Skydance Media.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 5:17 am

ALZN

AMD

NVDA

PANW

TSLA

Nvidia, AMD, Alzamend Neuro, Palo Alto Networks, and Tesla saw significant stock movements. Nvidia and AMD rose due to positive analyst ratings and acquisitions, respectively. Alzamend Neuro surged on a new clinical study partnership. Palo Alto Networks exceeded earnings expectations, and Tesla's CEO denied a controversial claim.

Portfolio Pulse from Benzinga Neuro

August 20, 2024 | 2:49 am

ANCTF

SVNDY

Shares of Seven & I Holdings, owner of 7-Eleven, dropped 6% after an initial surge due to a takeover proposal from Alimentation Couche-Tard. The potential acquisition could be the largest-ever foreign buyout of a Japanese company.

Portfolio Pulse from Benzinga Neuro

August 20, 2024 | 2:41 am

COTY

Mark Bezos, brother of Amazon founder Jeff Bezos, has launched a new venture capital firm, HIPstr, with David Moross. The firm has raised $100 million and invested in six companies, including Kylie Jenner's spirits company, Sprinter. HIPstr focuses on early-stage consumer growth and technology enablement companies.

Portfolio Pulse from Chris Katje

August 19, 2024 | 10:34 pm

AKTX

Akari Therapeutics appoints Samir R. Patel as interim CEO and plans to prioritize Peak Bio's ADC cancer therapeutic platform and Akari's PAS-nomacopan for geographic atrophy. The company secured $7.6 million in financing and received positive FDA feedback.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:26 pm