Streetbeat News

Acquisitions Mergers

FCPT

FCPT has acquired a Mercy Health Clinic property for $3.8 million.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 5:54 am

AMZN

EXAS

NOW

NTLA

PD

RDDT

VERV

Cathie Wood-led Ark Invest made significant trades in Amazon.com Inc (AMZN) and Reddit Inc (RDDT). Ark's ARKW fund purchased $9.9M worth of Amazon shares following Amazon's acquisition of NBA media rights. Ark's ARKF fund bought $83,200 worth of Reddit shares after Reddit's partnership with Sprinklr. Other trades include purchases of Intellia Therapeutics (NTLA) and PagerDuty (PD), and sales of Exact Sciences (EXAS), Verve Therapeutics (VERV), and ServiceNow (NOW).

Portfolio Pulse from Benzinga Neuro

June 07, 2024 | 2:25 am

AMC

GME

HOOD

PYPL

TSLA

Major U.S. indices showed mixed results on Thursday. GameStop shares soared due to the return of Keith Gill, AMC shares climbed influenced by GameStop's surge, Robinhood rose following its acquisition of Bitstamp, PayPal increased due to heavy trading volume and positive sentiment, and Tesla saw a slight rise despite competition from Chinese automakers in the UK.

Portfolio Pulse from Benzinga Neuro

June 07, 2024 | 1:51 am

GME

HOOD

Robinhood CEO Vlad Tenev discusses the company's preparedness for increased trading volume due to a surge in GameStop shares, driven by Keith Gill's livestream. Tenev also highlights Robinhood's acquisition of Bitstamp, which aims to accelerate international expansion, create a new exchange, and enter the institutional business.

Portfolio Pulse from Michael Cohen

June 06, 2024 | 10:20 pm

PAX

Patria Investments has agreed to acquire Nexus Capital, a real estate asset manager in Colombia. The transaction is expected to add approximately $800 million to Patria's Fee Earning AUM and be immediately accretive to its earnings.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:04 pm

UHAL

U-Haul has acquired a 2.7-acre property on May 26 to build a new U-Box Moving & Storage facility in Hammond, scheduled for completion by summer 2026. The new facility will be located just one-third of a mile from the existing store.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:48 pm

PIPR

Piper Sandler Companies (NYSE:PIPR) has entered into a definitive agreement to acquire Aviditi Advisors, enhancing its private equity M&A and capital markets capabilities. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:37 pm

GDC

GD Culture Group Limited has entered into a software purchase agreement with Shanxi Gangdong Cultural Media Co. to acquire certain software for $1.248 million.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:26 pm

BTCUSD

ETHUSD

HOOD

Cryptocurrency markets are slightly down despite strong ETF inflows for the last 17 days. Bitcoin is attempting to break the $72-$73K resistance level. Robinhood announced the acquisition of Bitstamp for $200M. Notable statistics include high Bitcoin open interest and low long liquidations. Standard Chartered predicts Bitcoin could reach $150K by year-end if Trump wins.

Portfolio Pulse from Khyathi Dalal

June 06, 2024 | 8:26 pm

FRLA

Fortune Rise Acquisition Corporation has extended the deadline to complete its initial business combination from June 5, 2024, to July 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:19 pm