Streetbeat News

Acquisitions Mergers

MICS

Singing Machine shares are trading higher following the completion of its acquisition of SemiCab, which has over $9 million in contracted services.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:54 am

OWL

Blue Owl Capital Inc. (OWL) is set to acquire private credit firm Atalaya for approximately $800 million, including earnouts. This acquisition will add $10 billion in assets to Blue Owl's portfolio.

Portfolio Pulse from charles@benzinga.com

July 16, 2024 | 10:07 am

KBR

KBR has agreed to acquire LinQuest to enhance its technical capabilities in air, space, and digital domains.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:01 am

EGY

VAALCO Energy announced positive updates on its Svenska acquisition, increasing its proved reserves to 16.9 MMBOE as of December 31, 2023. The acquisition significantly expands VAALCO's assets in West Africa, particularly in Côte d'Ivoire, and offers substantial future development opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:36 am

BAC

ENPH

GS

JPM

MS

NOVA

RUN

SEDG

Jim Cramer has identified stocks that could see significant gains or losses if Donald Trump wins the 2024 presidential election. Investment banks like JPMorgan Chase, Goldman Sachs, Morgan Stanley, and Bank of America could benefit from a Trump administration's favorable stance on mergers and acquisitions. Conversely, environmental policy changes could negatively impact companies like Enphase Energy, Solaredge Technologies, Sunrun, and Sunnova Energy.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 4:49 am

MTCH

Starboard Value, an activist hedge fund, has acquired over a 6.5% stake in Match Group Inc (NASDAQ:MTCH), the parent company of Tinder. The fund is pushing for policy changes to enhance margins or consider a sale if improvements are not seen. Match Group's stock surged nearly 9% in after-hours trading following the news.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 4:24 am

AEM

Agnico Eagle Mines (AEM) has entered into a transaction to acquire 27.95 million common shares of First Nordic Metals (TSXV:FNM). This acquisition will increase Agnico Eagle's ownership from 0.75% to 13.25% of the issued and outstanding common shares of First Nordic Metals.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 9:04 pm

AMIX

Autonomix Medical Inc (NASDAQ:AMIX) saw a significant stock price increase after announcing a licensing agreement with RF Innovations for its Apex 6 Radiofrequency Generator. The deal involves 250,000 shares of common stock and grants Autonomix a perpetual, non-exclusive, worldwide, and royalty-free license. The stock surged 123.3% on heavy trading volume but fell 9.42% after-hours.

Portfolio Pulse from Erica Kollmann

July 15, 2024 | 8:48 pm

SNDL

SNDL Inc (NASDAQ:SNDL) is employing an aggressive loan-to-own strategy to control distressed cannabis companies. By acquiring secured debt and pressuring companies into bankruptcy, SNDL gains ownership of their assets. Recent actions include acquiring $20.7 million of Delta 9's secured debt, increasing leverage over Delta 9. This strategy has been successful with other companies like Skymint and Parallel, positioning SNDL as a dominant force in the cannabis industry.

Portfolio Pulse from Javier Hasse

July 15, 2024 | 8:47 pm

SGH

SKM

SMART Global Holdings (SGH) announced that SK Telecom (SKT) is making a $200 million preferred equity investment in the company. SGH plans to use the capital to enhance its capabilities and expand its AI factory offerings under the Penguin Solutions brand. This investment aligns with SKT's AI-related goals and partnerships.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 8:32 pm