Streetbeat News

Acquisitions Mergers

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) announced the acquisition of one million common shares of Bitfarms, increasing its ownership to 18.90%. Additionally, Riot reported a significant increase in Bitcoin production and hash rate for July 2024, and announced the acquisition of Block Mining, which will boost its self-mining capacity. Despite these positive developments, Riot's stock is down 2.68% to $7.63.

Portfolio Pulse from Dylan Berman

August 14, 2024 | 5:03 pm

BX

Blackstone has entered into a definitive agreement to make a majority investment in Chartis, a leading healthcare advisory firm. This strategic investment aims to support Chartis' growth in the US healthcare sector. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:03 pm

K

SBUX

SPY

The latest CPI data indicates a slowdown in year-over-year inflation. Starbucks shares have pulled back, and Mars is set to acquire Kellanova.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:44 pm

TAP

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher after the company announced the acquisition of four craft breweries from Molson Coors Beverage Company (NYSE:TAP). This acquisition is expected to expand Tilray's portfolio and increase its beer business to 15 million cases annually.

Portfolio Pulse from Erica Kollmann

August 14, 2024 | 3:19 pm

GNLN

Synergy Innovation has acquired DaVinci and Eyce, aiming to restore brand identity and lead the cannabis accessories market. The company focuses on maintaining brand integrity, compliance, and quality while exploring new market segments and global expansion.

Portfolio Pulse from Nicolás Jose Rodriguez

August 14, 2024 | 3:00 pm

ALL

Allstate shares are trading higher after the company agreed to sell its Employer Voluntary Benefits business to StanCorp Financial Group for $2.0 billion.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:35 pm

PFGC

Performance Food Group Company (NYSE:PFGC) shares are rising due to strong Q4 earnings, beating EPS estimates but missing sales expectations. The company reported a 27.2% increase in adjusted EPS and a 2.2% rise in net sales. PFGC also announced acquisitions of Cheney Brothers and José Santiago, enhancing its distribution capacity. Despite a slight miss in sales forecasts for Q1 and 2025, shares are up 9.24%.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2024 | 2:25 pm

AAPL

CWI

NVDA

TSM

XNTK

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has approved $29.62 billion in capital appropriations for enhancing chip manufacturing and expanding packaging technology. The company is also exploring panel-level fan-out technology and plans to invest $28-$32 billion this year in new facilities. TSM's board approved a $7.5 billion capital injection into its Arizona operations. The company has seen significant growth due to the AI wave, with a 45% revenue increase in July and expected Q3 revenue growth of 37%. Morgan Stanley named TSM a 'top pick.'

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 1:28 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) has acquired four craft breweries from Molson Coors Beverage Company, expanding its reach into key U.S. regions and expecting a 30% growth in its beer business. This acquisition aligns with Tilray's strategy to broaden its product range and strengthen its status as a leading craft brewer in the U.S.

Portfolio Pulse from Rolando García

August 14, 2024 | 12:27 pm

COMM

CommScope (NASDAQ:COMM) announced the first major sale of its newly acquired Casa Systems virtual CMTS and QAM video solution to Kábelszatnet in Hungary. The sale includes CommScope's Distributed Access Architecture (DAA) Remote PHY shelves and DC2180 DAA Cabinet Nodes. This follows CommScope's acquisition of Casa Systems' cable assets in May.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:19 pm