Streetbeat News

Acquisitions Mergers

ET

Energy Transfer (ET) continues its strong performance in Q3 with record volumes and improved EBITDA margins. The company is focusing on expanding its operations in the Permian basin, with plans to increase gathering and processing capacity by 25% by the end of 2025. The acquisition of WTG Midstream will further enhance ET's presence in the Midland basin, increasing gathering capacity by 40% and being accretive to EBITDA.

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November 11, 2024 | 4:00 pm

COO

The Cooper Companies (COO) is experiencing strength in its business segments, and its recent acquisitions are expected to boost its revenue. This makes COO a potentially attractive addition to investment portfolios.

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November 11, 2024 | 3:00 pm

CI

HUM

Humana's stock is down 5% in premarket trading after Cigna announced it is not pursuing a merger with Humana.

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November 11, 2024 | 3:00 pm

ZUMRF

ZoomerMedia Limited has announced the mailing of meeting materials and receipt of an interim order for a going-private transaction. The special meeting of shareholders is scheduled for November 29, 2024, to approve the arrangement where 16431771 Canada Inc. will acquire all outstanding shares not owned by management and affiliates for $0.08 per share.

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November 11, 2024 | 3:00 pm

CI

HUM

Cigna's stock rallied after the announcement that it will not proceed with a merger with Humana. The merger, which would have created a $140 billion entity, faced doubts since its rumors began last December.

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November 11, 2024 | 2:45 pm

CRM

Salesforce stock has increased by 16.1% over the past six months, driven by its strong AI expansion, strategic acquisitions, and solid market position.

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November 11, 2024 | 2:30 pm

NISN

Nisun International (Nasdaq: NISN) has acquired a minority stake in Nanjing Pin Bai Sheng, a leading KFC franchisee in China. This move aims to enhance growth in campus catering and strengthen supply chain synergies.

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November 11, 2024 | 2:30 pm

JVA

Coffee Holding Co., Inc. (NASDAQ: JVA) has acquired the assets of Empire Coffee Company, including inventory, equipment, and intellectual property, for $800,000. A new subsidiary, Second Empire, will manage operations.

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November 11, 2024 | 2:15 pm

GFR

Waterous Energy Fund has completed the acquisition of 43.3% of Greenfire Resources Ltd.'s shares. This transaction involves 29,988,854 common shares of Greenfire, which is listed on both the TSX and NYSE under the symbol GFR.

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November 11, 2024 | 2:15 pm

LSH

Lakeside Holding Limited, a U.S.-based supply chain provider, has acquired Hupan Pharmaceutical (Hubei) Co., Ltd. to enhance its pharmaceutical logistics capabilities in China. This acquisition is expected to add $7 million in annual revenue.

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November 11, 2024 | 2:00 pm