Streetbeat News

Acquisitions Mergers

VINE

Fresh Vine Wine shares are trading lower after the company announced the termination of its merger agreement with Notes Live.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:33 am

ENSG

Ensign Group has acquired the real estate and operations of Greater Southside Health and Rehabilitation, a 76-bed skilled nursing facility in Iowa. The real estate was acquired by Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company, effective August 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:07 am

ENSG

The Ensign Group has acquired Holly Heights Care and Rehabilitation, a 133-bed skilled nursing facility in Denver, Colorado.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:01 am

BP

EIPX

HJEN

BP p.l.c. (NYSE:BP) shares are trading lower today after the company signed a memorandum of understanding (MoU) with the Iraqi Government for a major redevelopment initiative in the Kirkuk region. The MoU includes investments in oil and gas, power generation, solar energy, and additional exploration activities. BP also completed its acquisition of GETEC ENERGIE GmbH, enhancing its European gas and power footprint. BP reported strong Q2 FY24 results, beating estimates and announcing a 10% increase in interim dividend and $1.75 billion in share buybacks.

Portfolio Pulse from Lekha Gupta

August 02, 2024 | 9:52 am

CVX

HES

Chevron Corporation (NYSE:CVX) is set to release its Q2 earnings on August 2, with analysts expecting a decrease in EPS from $3.28 to $2.93, but an increase in revenue from $48.9 billion to $50.80 billion. Additionally, arbitration claims by Exxon Mobil and CNOOC Ltd could impact Chevron's proposed $53 billion acquisition of Hess Corp (NYSE:HES). Chevron's stock fell 4.9% to $152.62. Analyst ratings have been mixed, with some downgrades and some price target increases.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 6:58 am

NVDA

The U.S. Department of Justice is investigating Nvidia's acquisition of Israeli AI start-up Run:ai on antitrust grounds. The deal, announced in late April, is reportedly valued at $700 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:37 pm

ASUR

Asure Software has updated its revenue guidance for Q3 2024 to $30M-$33M, compared to the previous estimate of $31.84M. For FY 2024, the revenue guidance is now $123M-$129M, compared to the previous estimate of $126.35M. The adjustments are due to variability in the timing of closing and implementing large enterprise arrangements and anticipated acquisitions.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:34 pm

BBAI

BigBear.ai has revised its FY24 revenue guidance downwards from $195M-$215M to $165M-$180M, which is below the estimated $199.009M. The new projections include results from Pangiam after its acquisition on February 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:34 pm

VINE

Fresh Vine Wine shares are trading lower after the company announced the termination of its merger agreement with Notes Live.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:25 pm

AWI

WOR

Armstrong World Industries (AWI) and Worthington Enterprises (WOR) announced that their joint venture, Worthington Armstrong (WAVE), has acquired all assets of Data Center Resources related to the Cool Shield brand, which designs and manufactures modular aisle containment solutions for data centers.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:21 pm