Streetbeat News

Acquisitions Mergers

UFPT

UFP Technologies shares are trading higher following the announcement of its acquisition of AJR Enterprises.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:17 pm

PARA

WBD

Paramount is in talks to explore a merger involving its streaming service, Paramount+. Warner Bros. Discovery is interested in a joint venture with Max and Paramount+. Media companies are seeking better monetization of streaming content amid losses.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:06 pm

IZEA

Hoozu, a subsidiary of IZEA Worldwide, has acquired the Australian talent management agency 26 Talent. This acquisition aims to strengthen IZEA's presence in the APAC region and enhance its capabilities. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 6:01 pm

CSMD

JSML

UFPT

UFP Technologies, Inc. (NASDAQ: UFPT) has acquired AJR Enterprises, LLC for $110 million, boosting its patient surfaces portfolio. The acquisition was funded through borrowings under its amended credit agreement. UFPT shares have risen over 40% in the past year and are up 5.17% following the announcement. Investors can also gain exposure through ETFs like CSMD and JSML.

Portfolio Pulse from Lekha Gupta

July 01, 2024 | 5:30 pm

HOOD

Robinhood Markets, Inc. (NASDAQ: HOOD) experienced a temporary service interruption but quickly resolved the issue. The company also announced the acquisition of Pluto Capital Inc., an AI-powered investment research platform, to enhance its data-driven investment strategies. This acquisition aims to provide highly customized investment strategies and real-time insights to Robinhood's customers.

Portfolio Pulse from Shivani Kumaresan

July 01, 2024 | 4:52 pm

BW

Babcock & Wilcox Enterprises shares are trading higher after the company announced the sale of its Denmark-based subsidiary, Babcock & Wilcox Renewable Service A/S, to Hitachi Zosen Inova AG for $87 million.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:40 pm

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) has acquired Pluto Capital Inc., an AI-powered investment research platform, to enhance its AI-driven investment tools and personalized strategies. This acquisition aims to integrate advanced AI technologies into Robinhood's platform, with Pluto's founder joining Robinhood's team to accelerate product development.

Portfolio Pulse from Murtuza Merchant

July 01, 2024 | 4:31 pm

CYH

The FTC announced the termination of Novant Health's acquisition of two hospitals from Community Health Systems (CYH). The decision follows an injunction by the Fourth Circuit Court of Appeals, which supported the FTC's opposition to the deal. The termination is expected to maintain competition, improving care quality and pricing for patients.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:18 pm

AJG

Arthur J. Gallagher & Co. has acquired Cornerstone Commercial & Personal Insurance Services, Inc. The terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:01 pm

BW

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) shares surged after selling its Denmark-based subsidiary for $87 million. The company plans to use the proceeds to reduce debt and increase liquidity. BW reiterated its full-year 2024 adjusted EBITDA outlook and highlighted a strong pipeline of opportunities.

Portfolio Pulse from Lekha Gupta

July 01, 2024 | 3:55 pm