Streetbeat News

Acquisitions Mergers

DOV

Dover (NYSE:DOV) has acquired SPS Cryogenics B.V. and Special Gas Systems B.V., integrating them into its OPW Clean Energy Solutions business within the Clean Energy & Fueling segment. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 11:04 am

AIMD

LGMK

MMAT

Ainos, Inc. (NASDAQ:AIMD) shares surged 37.7% in pre-market trading after securing exclusive licenses for 10 patents from Taiwan Carbon Nano Technology. Other notable pre-market movers include LogicMark, Inc. (NASDAQ:LGMK) up 49% following a $4.5 million public offering, and Meta Materials Inc. (NASDAQ:MMAT) down 27.7% after filing for Chapter 7 bankruptcy.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 10:04 am

BNS

KEY

Scotiabank is making a $2.8 billion strategic investment in KeyCorp, acquiring a 14.9% stake at $17.17 per share. This investment will bolster KeyCorp's capital and earnings, increasing its CET1 capital ratio and tangible book value per share. The transaction is expected to be accretive to KeyCorp's earnings in 2025 and 2026. The deal is subject to regulatory approvals and will be completed in two tranches.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:03 am

ATUS

Altice has announced the sale of a 25% stake in BT Group to Bharti Global. This move is part of Altice's strategy to streamline its operations and focus on its core markets.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:34 am

BEKE

DOCS

ITI

MNDY

SLF

U.S. stocks settled higher on Friday despite recording losses earlier in the week. The Dow and Nasdaq fell by 0.6% and 0.18% respectively over the week. Doximity, Inc. (DOCS) shares surged 38.7% after strong Q1 results and positive FY24 revenue guidance. Iteris, Inc. (ITI) shares jumped 63.6% following an acquisition announcement. Investors are awaiting earnings results from Monday.com Ltd. (MNDY), Sun Life Financial Inc. (SLF), and KE Holdings Inc. (BEKE). The CNN Money Fear and Greed index remains in the 'Extreme Fear' zone.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 7:39 am

DJT

TMTG has launched a new TV streaming platform, Truth+, on its custom-built CDN, available on iOS, Android, and Web. The company has a strong balance sheet with $344 million in cash and no debt, which it believes will support the expansion and refinement of Truth+. TMTG is also exploring growth opportunities, including mergers and acquisitions.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:38 pm

SBUX

Activist investor Starboard Value has taken a stake in Starbucks and is pushing for changes to boost the company's stock price. Another activist hedge fund, Elliott Investment Management, is also advocating for changes at Starbucks.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:34 pm

DJT

Trump Media & Technology has entered into a registration rights agreement with WorldConnect IPTV Solutions and JedTec as part of an asset acquisition. As consideration, 5.1 million shares have been issued with registration rights granted under the Securities Act.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:30 pm

SYM

Symbotic has acquired Veo Robotics in a transaction valued at $8.7 million, which closed on July 19.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:03 pm

ARES

Ares Management Corporation is considering a takeover of Form Technologies, which is backed by Partners Group. This potential acquisition could impact Ares' stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:35 pm