Streetbeat News

Acquisitions Mergers

AGS

PlayAGS stockholders have approved the acquisition by Brightstar Capital Partners affiliates at a special meeting.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:29 pm

KKR

KKR shares are trading higher following the announcement of its strategic acquisition of MercuryGate.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:28 pm

DGHI

Digihost Technology Inc. announced a $4 million private placement consisting of 3,636,363 units at $1.10 per unit, a 9% premium to its most recent Nasdaq closing price. Each unit includes one share and one warrant with a $2.00 exercise price. Proceeds will be used for infrastructure expansion and working capital.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:21 pm

CPRI

TPR

Traders are circulating unconfirmed analyst comments suggesting that Greenlight Capital has taken a significant new position in Capri Holdings (CPRI). Additionally, there are rumors that Tapestry Inc. (TPR) is willing to pay $57 per share to acquire Capri Holdings.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:06 pm

PARA

SONY

Sony Group has decided not to make another bid for Paramount Global after Skydance Media reached a deal to buy the U.S. media group. Sony Pictures Entertainment and Apollo Global Management had initially proposed a $26 billion cash offer for Paramount in early May. However, Paramount's deal with Skydance, announced in early July, included a 45-day window to consider other offers.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:01 pm

MPC

Marathon Petroleum's CEO has stated that there are no ongoing discussions with Neste regarding a buyout.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:29 pm

CSD

GXO

TMFS

GXO Logistics reported a strong Q2 with revenue up 19% Y/Y to $2.85 billion, beating expectations. However, profit margins were squeezed, with adjusted EPS declining to $0.55 from $0.70 a year ago. The company reaffirmed its FY24 outlook and highlighted growth in Germany and a new acquisition in Europe.

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 2:57 pm

KKR

Körber Supply Chain Software, a joint venture between Körber AG and KKR, has signed a binding agreement to acquire MercuryGate International Inc., a leading provider of transportation management systems. This acquisition aims to enhance Körber's supply chain execution solutions, offering increased flexibility, scalability, and resiliency to customers.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:31 pm

VYX

NCR Voyix Corporation (NYSE:VYX) shares are trading higher following a deal with Veritas Capital to sell its cloud-based digital banking business for $2.45 billion in cash, with potential additional consideration of up to $100 million. The transaction is part of NCR Voyix's strategy to streamline operations and focus on core software and services for restaurants and retailers. The company plans to use the proceeds to reduce debt and invest in its core business areas. Despite the positive news, NCR Voyix reported disappointing Q2 earnings and reduced its FY24 revenue guidance.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 2:00 pm

FTNT

Fortinet (NASDAQ:FTNT) has acquired Next DLP to enhance its unified SASE solution and strengthen its position in the enterprise data loss prevention market. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:34 pm