Streetbeat News

Acquisitions Mergers

KKR

KKR has acquired a portfolio of six Class A industrial logistics properties in major U.S. markets for approximately $377 million. The properties are fully leased and strategically located in key markets, enhancing KKR's warehouse acquisitions to nearly six million square feet this year.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:17 pm

TTNP

Titan Pharmaceuticals (NASDAQ:TTNP) has announced a merger agreement with KE Sdn. Bhd., involving a reverse merger with BSKE Ltd. The merger is subject to approval by Titan and KE shareholders and other conditions. If successful, Titan will become a wholly owned subsidiary of BSKE.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:12 pm

PANW

Palo Alto Networks has provided its financial guidance for Q1 and FY25, projecting higher-than-expected EPS and revenue. The company anticipates Q1 EPS of $1.47-$1.49 and revenue of $2.1B-$2.13B, and FY25 EPS of $6.18-$6.31 and revenue of $9.1B-$9.15B. Additionally, the board has authorized an extra $500 million for share repurchases, totaling $1 billion. The guidance includes the impact of acquiring IBM's QRadar SaaS assets.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:07 pm

X

US Steel shares are trading lower following Donald Trump's vow to block Nippon Steel's acquisition if he is elected. This political intervention could impact US Steel's market dynamics.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 7:52 pm

ANCTF

QSR

Canadian company Alimentation Couche-Tard has proposed a $31 billion bid to acquire Seven & I Holdings, the owner of 7-Eleven. If approved, this would be the largest foreign takeover of a Japanese company, creating a global leader in convenience stores. The merger could face regulatory scrutiny in North America.

Portfolio Pulse from Chris Katje

August 19, 2024 | 7:43 pm

PARA

Paramount is considering extending the 'Go Shop' period if Bronfman submits a bid, according to Bloomberg News. This move could impact the company's strategic options and potential acquisition offers.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:59 pm

X

Donald Trump has announced his intention to block Nippon Steel's acquisition of U.S. Steel and to eliminate the EPA's 'Power Plant Rule' if he is elected. This could have significant implications for the steel industry and environmental regulations.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:49 pm

ACI

KR

Kroger has filed a lawsuit against the U.S. Federal Trade Commission (FTC) to prevent an in-house review of its proposed acquisition of Albertsons. This legal action is a significant step in Kroger's efforts to finalize the deal, which has faced regulatory scrutiny.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:36 pm

LINE

Lineage, Inc. (NASDAQ:LINE) is experiencing a positive stock movement following bullish coverage from multiple analysts. JPMorgan, BofA Securities, and Truist Securities have initiated coverage with Overweight and Buy ratings, citing Lineage's strategic tech investments and acquisitions as key growth drivers. Analysts forecast significant AFFO and EBITDA growth through 2028, despite current challenges in the cold storage business.

Portfolio Pulse from Lekha Gupta

August 19, 2024 | 6:36 pm

AMD

AS

EEM

GM

IWM

MCD

The S&P 500 and Nasdaq 100 are targeting their eighth consecutive gain as traders anticipate interest rate cuts from the Federal Reserve. The U.S. dollar's decline has boosted emerging markets and small caps, with ETFs like EEM and IWM seeing gains. McDonald's, AMD, and GM stocks rose due to positive news, while Amer Sports surged ahead of earnings.

Portfolio Pulse from Piero Cingari

August 19, 2024 | 5:39 pm