Streetbeat News

Acquisitions Mergers

HHH

Howard Hughes Corporation (HHH) has acknowledged Pershing Square Capital Management's regulatory filing and has formed a special committee to review any proposals. Pershing Square, HHH's largest stockholder with 37.5% ownership, is evaluating various potential alternatives, including a possible transaction.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:43 am

KKR

KKR plans to acquire FUJI SOFT at ¥8,800 per share, representing a 110.3% premium over the average closing price for the past 12 months. The acquisition aims to expand IT and OT services and is expected to commence in the second half of 2024, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:39 am

AMD

AMZN

HOOD

RDDT

Cathie Wood's Ark Invest made significant trades in Amazon, Robinhood, Reddit, and AMD. Amazon showed strong AWS growth but weak retail revenues. Robinhood surpassed Q2 revenue estimates with a 40% YoY increase. Reddit impressed with 91 million DAUs but faced potential volatility. AMD exceeded earnings expectations.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 3:17 am

AFYA

Afya Limited (NASDAQ:AFYA) has secured a loan of up to R$500 million from the International Finance Corporation (IFC) to support its expansion program through acquisitions.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:48 pm

JOBY

Joby Aviation, Inc. (NYSE:JOBY) shares rose after the company reported its Q2 financial results. The company met analyst expectations with a GAAP loss of 18 cents per share and reported a net loss of $123.3 million. Joby highlighted progress in aircraft certification and flew a hydrogen-electric air taxi demonstrator 561 miles. The company also acquired the autonomy division of Xwing.

Portfolio Pulse from Erica Kollmann

August 07, 2024 | 9:44 pm

ATS

ATS Corporation (NYSE:ATS) has announced a definitive agreement to acquire Heidolph Group, a leading manufacturer of premium lab equipment for the life sciences and pharmaceutical industries. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:40 pm

WBA

Walgreens Boots Alliance, Inc. is evaluating options for its majority-owned VillageMD, including potential sale or restructuring, amid ongoing investments and future cash needs.

Portfolio Pulse from charles@benzinga.com

August 07, 2024 | 9:39 pm

SD

SandRidge Energy is actively evaluating further merger and acquisition opportunities, leveraging its strong balance sheet and commitment to its capital return program.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:17 pm

BSX

SILK

Silk Road Medical has announced the withdrawal of its prior FY24 financial guidance due to the proposed acquisition by Boston Scientific Corporation.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:13 pm

KNTK

Kinetik has revised its 2024 guidance upwards, now expecting full year Adjusted EBITDA between $940 million and $980 million, a 3% increase at the midpoint versus previous guidance. This implies over 14% Adjusted EBITDA growth year-over-year. The revision follows earnings outperformance, the successful Durango acquisition, and the divestiture of its equity interest in GCX. Capital expenditures are also revised upwards to $260 million to $300 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:07 pm