Streetbeat News

Acquisitions Mergers

PBR

Petrobras has made a non-binding offer for a share of Galp's Mopane oil field in Namibia. If successful, Petrobras would become the operator of the Mopane field, which has at least 10 billion barrels of oil equivalent. This move is driven by environmental licensing issues for new areas in Brazil.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 7:59 pm

MIRM

Mirum Pharmaceuticals shares are trading higher following unconfirmed rumors that Swedish Orphan Biovitrum AB (Sobi) has proposed a takeover.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 7:19 pm

NVDA

SERV

Serve Robotics Inc. (NASDAQ:SERV) shares are surging due to recent positive developments, including a $15 million private placement, key board appointments, and increased trading volume. Additionally, NVIDIA Corp (NASDAQ:NVDA) reported a 10% stake in Serve Robotics, further boosting investor interest.

Portfolio Pulse from Vaishali Prayag

July 26, 2024 | 6:24 pm

RIO

TECK

VALE

Teck Resources is attracting M&A interest from major mining companies, including Anglo American, Vale, and Rio Tinto, as part of a copper rush. These firms are studying potential deals with Teck.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 5:13 pm

HON

Honeywell International Inc. is considering an IPO for its majority-owned quantum computing firm, Quantinuum, potentially seeking a $10 billion valuation. Discussions with investment banks are ongoing, and the listing could occur as soon as next year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:58 pm

APO

EVRI

IGT

Apollo Global Management is acquiring IGT's Gaming & Digital business and Everi Holdings in a $6.3 billion all-cash deal. Everi shareholders will receive a 56% premium, and IGT will use proceeds for debt repayment and shareholder returns. The deal is expected to close by Q3 2025, with Everi being delisted and IGT rebranding as a pure-play lottery company.

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 4:03 pm

BYD

CZR

EVRI

IGT

PENN

Shares of casino and gambling stocks are trading higher following Apollo's acquisition of IGT's Gaming and Digital Business and Everi.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:03 pm

PFIS

Peoples Financial Services Corp. (NASDAQ: PFIS) has increased its quarterly dividend by 50.6% to $0.6175 per share, payable on September 13, 2024. This increase follows the completion of its merger with FNCB Bancorp, Inc.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 3:52 pm

BX

KKR

PGRU

TPG

Investment giants TPG Inc., KKR & Co. Inc., and Blackstone Inc. are reportedly interested in acquiring Southeast Asia's top gummy manufacturer, Yupi Indo Jelly Gum, valued at approximately $500 million. The deal is in its early stages, and Yupi Indo is consulting with an international bank to explore its options. The interest in Indonesia's consumer-goods sector is driven by the country's growing middle class, increasing incomes, and the rise of online shopping.

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 3:40 pm

CASY

Caseys General Stores shares are trading higher after the company announced it will acquire Fikes Wholesale for $1.145 billion to expand its presence in Texas and southern markets.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 3:20 pm