Streetbeat News

Acquisitions Mergers

OFIX

Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Orthofix Medical Inc. and certain officers and directors, related to the merger with SeaSpine Holdings Corporation. The lawsuit alleges violations of federal securities laws concerning the stock-for-stock transaction completed on January 5, 2023.

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November 08, 2024 | 12:15 pm

GOGO

Gogo Inc. is set to launch Gogo 5G in Q4 2024, which is anticipated to significantly boost revenue and EPS in 2025 and 2026. The company's recent acquisitions, reduced debt, and strong partnerships are expected to enhance free cash flow and support further growth.

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November 08, 2024 | 12:15 pm

CVI

IEP

Icahn Enterprises L.P. has announced a proposed tender offer to acquire additional shares of CVR Energy common stock. This move could impact the stock prices of both Icahn Enterprises and CVR Energy.

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November 08, 2024 | 12:00 pm

ET

Energy Transfer is achieving record-setting results, driven by its ongoing expansion initiatives and recent acquisitions, which are boosting its volumes and earnings.

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November 08, 2024 | 12:00 pm

HSTXF

Heliostar Metals Ltd. has completed the acquisition of Florida Canyon Gold Inc.'s mining assets in Mexico for $5 million.

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November 08, 2024 | 11:45 am

TRIP

TripAdvisor's stock has dropped significantly after failing to find a buyer, reflecting market skepticism about its competitive position. The company faces valuation challenges as its profitable segments aren't growing, and its growing segments aren't profitable. It is outcompeted by larger rivals benefiting from network effects, and its user-generated content is challenged by AI tools and social media.

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November 08, 2024 | 11:30 am

ALVR

AlloVir and Kalaris Therapeutics have announced a merger to focus on retinal diseases. Kalaris, backed by Samsara BioCapital, is developing TH103, a promising therapy for retinal conditions.

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November 08, 2024 | 11:15 am

ARLYF

Argyle Resources Corp. has announced an agreement to acquire the Saint Gabriel Silica project from Steadright Critical Minerals Inc. for $65,000 in cash and 300,000 common shares. The shares will be released in stages over a year.

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November 08, 2024 | 11:15 am

KAI

Kadant's 3Q24 revenue increased by 11% to $272 million, primarily due to acquisitions and strong aftermarket demand. North America is a key growth driver, while European and Asian markets face economic challenges. Despite stable margins and long-term growth potential, the share price lacks a margin of safety, leading to a rating downgrade.

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November 08, 2024 | 11:15 am

CIM

Chimera Investment is showing signs of a potential turnaround with positive financial metrics in Q3, despite earnings not covering the dividend. Recent acquisitions and leadership changes indicate progress, but integration risks persist.

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November 08, 2024 | 10:15 am