Streetbeat News

Acquisitions Mergers

APIE

C

DFIV

HSBC

Thousands of HSBC Holdings plc customers in Britain faced an online banking outage, affecting access to their accounts and bill payments. The outage was reported by over 7,000 customers. HSBC recently acquired Citigroup Inc.'s retail wealth management portfolio in China. HSBC shares have gained 12% in the last 12 months.

Portfolio Pulse from Lekha Gupta

June 28, 2024 | 12:24 pm

LL

LL Flooring has received multiple preliminary and second-round bids for the sale of its Sandston, VA distribution center.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:06 pm

TPG

TPG announced that Boat Rocker Media has sold its stake in Untitled Entertainment for CAD$51.6 million and 8.8% of the outstanding common equity in TPG's new talent management company.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 11:58 am

INFN

Infinera shares are trading higher following a report suggesting Nokia is considering an acquisition of the company.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 11:42 am

TIGO

Millicom shares are trading higher after the company stated that Atlas' $24/share offer undervalues the company and would not be in its best interests.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 11:09 am

INFN

NOK

Infinera shares are trading higher after Nokia announced it will acquire the company.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 11:02 am

HITI

High Tide has inaugurated two new Canna Cabana stores in Alberta and Saskatchewan, marking its 175th and 176th locations in Canada. The company aims to add 20 to 30 new stores by the end of the year, supported by strong free cash flow and potential M&A activities.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 10:03 am

HAYN

Haynes International (NASDAQ: HAYN) has secured clearance from the Committee on Foreign Investment in the United States (CFIUS) for its planned merger with North American Stainless. The merger, which involves Haynes becoming a wholly owned subsidiary of North American Stainless, still requires regulatory approval from the UK and Austria. The merger is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:16 am

CRWS

INFN

KRUS

NKE

NOK

Key stocks to watch on Friday include Crown Crafts, Nokia, Infinera, Nike, and Kura Sushi. Crown Crafts is set to release earnings, Nokia plans to acquire Infinera, Nike reported mixed Q4 results, and Kura Sushi issued soft guidance.

Portfolio Pulse from Avi Kapoor

June 28, 2024 | 6:25 am

PTGX

WIRE

Protagonist Therapeutics (PTGX) will join the S&P SmallCap 600, replacing Encore Wire (WIRE) effective prior to the opening of trading on July 3. Encore Wire is being acquired by Prysmian SpA, pending final conditions.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:21 pm