Streetbeat News

Acquisitions Mergers

PTLO

Activist investor Engaged Capital has acquired nearly a 10% stake in Portillo's, a move that could lead to significant changes in the company's strategy and operations.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:10 pm

MACA

Silexion Therapeutics Ltd. and Moringa Acquisition Corp have completed their business combination, forming Silexion Therapeutics Corp. The new entity will start trading on Nasdaq under the ticker 'SLXN' on August 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:09 pm

AACI

RZLV

Armada Acquisition Corp. I has closed its business combination with Rezolve AI, and the combined company will begin trading on Nasdaq under the ticker symbols 'RZLV' and 'RZLVW' on August 16, 2024. Rezolve AI aims to expand its market base and enhance its AI-driven engagement platforms for retail and commerce.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:04 pm

DESP

Despegar.com's Destination Management Company BDExperience has been acquired by World2Meet. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:03 pm

SGD

Safe and Green Development shares are trading lower following the announcement of the expansion of its joint venture in Edinburg, Texas, with the acquisition of 22 additional single-family lots.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:40 pm

ACI

KR

Kroger has doubled its price cuts for Albertsons stores to $1 billion in an effort to secure approval for their $24.6 billion merger.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:38 pm

HPE

Hewlett Packard Enterprise (HPE) announced a deal to acquire Morpheus Data. Financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:36 pm

K

Mars, Inc. has agreed to acquire Kellanova (NYSE:K) for $83.50 per share, a 44% premium over its 30-day average price. Analysts see minimal category overlap and no competing bids, with the deal expected to close in the first half of 2025. RBC Capital Markets downgraded Kellanova to Sector Perform, raising the price forecast to $83.50, while Piper Sandler reiterated a Neutral rating, raising the price forecast to $83.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 6:54 pm

RDW

Redwire shares are trading higher after the company raised its FY24 revenue guidance above estimates and announced the acquisition of Hera Systems.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 6:40 pm

PARA

PARAA

Paramount Global shares are trading higher following a report suggesting Edgar Bronfman is preparing a bid for National Amusements.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 6:03 pm