Streetbeat News

Acquisitions Mergers

AAL

ETSY

JETS

LUV

MTCH

SBUX

Elliott Management has increased its stakes in Match Group, Etsy, and Southwest Airlines, while also holding puts on U.S. Global Jets ETF and American Airlines. The activist fund is pushing for changes in these companies to improve performance.

Portfolio Pulse from Chris Katje

August 15, 2024 | 5:24 pm

ARKF

FINX

HOOD

MS

NDAQ

Prytek has acquired a majority stake in TipRanks for $200 million, becoming the controlling shareholder with an 80% stake. TipRanks, which uses AI and data analytics, serves 50 million monthly users and has enterprise clients like Nasdaq, Robinhood, and Morgan Stanley. The acquisition reflects TipRanks' growing influence in the financial sector.

Portfolio Pulse from Anusuya Lahiri

August 15, 2024 | 5:22 pm

PARA

Bronfman is reportedly close to making an offer for Paramount, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:12 pm

BN

GOOGL

NKE

Pershing Square Holdings plans to discuss new investments in Nike and Brookfield Corp at a later date. They are also closely monitoring the federal court ruling against Google in the DOJ antitrust case regarding Google's default search deals.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 4:33 pm

BX

GS

IAI

KBWB

Goldman Sachs Group, Inc. (NYSE:GS) has agreed to sell Blanchardstown Centre, Ireland’s largest shopping mall, to Strategic Value Partners for less than the initially expected €650 million. Goldman Sachs had purchased the mall from Blackstone Inc. (NYSE:BX) in late 2020. The sale reflects a broader trend of renewed investor interest in malls, despite a decade of disruption from online shopping. GS stock has gained over 50% in the past year, and investors can gain exposure via iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE:IAI) and Invesco KBW Bank ETF (NASDAQ:KBWB).

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 4:13 pm

ROP

Roger Technologies shares are trading higher following the announcement of its $1.5 billion acquisition of Transact Campus.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 3:52 pm

CARR

Carrier Global shares are trading higher following the announcement of the sale of its commercial and residential fire business for an enterprise value of $3 billion.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 3:47 pm

LLAP

LMT

Terran Orbital Corporation (NYSE:LLAP) shares plummeted after announcing a buyout deal with Lockheed Martin Corporation (NYSE:LMT) for $450 million. Lockheed Martin will acquire Terran Orbital for $0.25 per share in cash and retire its existing debt. The transaction includes a new $30 million working capital facility and is expected to close in Q4 2024. Terran Orbital will continue to operate as a commercial supplier post-acquisition.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 3:03 pm

DECK

Lolë Brands has expanded its eco-conscious offerings by acquiring the outdoor lifestyle footwear brand Sanuk from Deckers Brands.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 3:01 pm

ASUR

Asure Software has acquired HireClick to enhance its recruitment capabilities for small and mid-sized businesses, strengthening its cloud-based human capital management solutions.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:55 pm