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Acquisitions Mergers

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Macy's shares are trading higher after the Wall Street Journal reported that Arkhouse and Brigade raised their offer for the company to $24.80 per share, up from $24 per share.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

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Macy's shares are rising in premarket trading due to an increased buyout bid from Arkhouse Management and Brigade Capital Management, valuing the stock at $24.80 per share. The new bid follows previous offers and comes after Macy's reported a decline in first-quarter sales. Investors can also gain exposure to Macy's through ETFs like Invesco S&P MidCap 400 Pure Value ETF (RFV) and SPDR S&P Retail ETF (XRT).

Portfolio Pulse from Shivani Kumaresan

July 05, 2024 | 3:01 pm

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The Singing Machine Company has completed the acquisition of SemiCab and entered into an option agreement to acquire SMCB Solutions Private Limited. The transaction involves issuing shares and assuming liabilities.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

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Key stocks to watch include Macy's, Ascendis Pharma, LGI Homes, Ericsson, and GFL Environmental. Macy's received an increased buyout offer, Ascendis Pharma signed a distribution agreement, LGI Homes reported home closings, Ericsson announced an impairment charge, and GFL Environmental declared a dividend.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

DJT

Trump Media & Technology Group (TMTG) announced a perpetual licensing agreement for streaming technology and long-term equity financing. The deal involves issuing up to 5,100,000 shares of common stock and $17.5 million to be paid over three years.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

COOL

Noventiq and Corner Growth Acquisition Corp. have mutually agreed to cancel their merger due to the challenging SPAC market environment. Both companies believe this decision will maximize value for their stakeholders.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

KGC

Kinross Gold has invested C$1.53 million in Relevant Gold, acquiring 5.1 million units as part of a strategic partnership.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

GIB

CGI has acquired Celero's credit union business, expanding its managed services to over 90 credit unions nationwide. The acquisition includes new partnerships and the integration of more than 150 Celero employees into CGI's operations.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

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Arkhouse and Brigade Capital have raised their buyout offer for Macy's to $24.80 per share from the previous $24 per share. This new proposal values Macy's at approximately $6.9 billion.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

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Saks Fifth Avenue's parent company, HBC, is set to acquire Neiman Marcus for $2.65 billion, with Amazon and Salesforce taking minority stakes. The deal aims to create a luxury retail powerhouse with annual sales of around $10 billion.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm