Streetbeat News

Acquisitions Mergers

BITF

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) has nominated three independent directors to the Bitfarms Ltd. (NASDAQ:BITF) board and withdrawn its previous proposal to acquire Bitfarms for $2.30 per share. Riot, which owns 14.9% of Bitfarms, aims to fix Bitfarms' corporate governance and is open to future transactions with a reconstituted board.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:41 pm

NNE

NANO Nuclear has acquired the ALIP Technology intellectual property from physicist Carlos Maidana and plans to collaborate on further development. The company will provide $350K funding for a Phase III project, building on $1.37M DOE grants. ALIP Technology is crucial for NANO Nuclear's 'ODIN' microreactor and has potential for commercialization within a year.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:31 pm

JVA

Coffee Holding has terminated its merger agreement with Delta Corp. Holdings. This decision may impact Coffee Holding's stock in the short term.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:31 pm

APIE

DFIV

HSBC

ABN Amro is nearing a deal to buy HSBC's German wealth management unit, extending its expansion into Germany. The transaction follows ABN Amro's recent purchase of Hauck Aufhaeuser Lampe. HSBC aims to overhaul its German operations. HSBC shares have gained 14% in the last 12 months.

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 12:17 pm

ABM

ABM Industries has acquired Quality Uptime Services for $119 million in an all-cash deal, enhancing its position in the critical power services industry.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:16 pm

RELI

Reliance Global Group has withdrawn its registration statement with the SEC, eliminating the perceived warrant overhang and simplifying its capital structure. The company is optimistic about its future, including a planned acquisition of Spetner Associates, which is expected to significantly boost revenues and cash flows.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:16 pm

BUJA

Bukit Jalil Global Acquisition 1 has revised the terms and conditions to amend its charter and trust agreement with the trustee of its trust account.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:08 pm

DUO

Fangdd Network Group shares are trading higher after the company announced plans to acquire cloud computing technology patents in China for $35 million.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:08 pm

CBRE

CBRE Group is set to combine its project management business with Turner & Townsend. CBRE will own 70% of the new entity, while Turner & Townsend partners will hold 30%. The transaction is expected to enhance synergies and generate an additional $0.15 in core EPS by the end of 2027, with an incremental investment cost estimated at $70 million.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:07 pm

DUO

FXI

Fangdd Network Group (DUO) is set to acquire cloud computer technology patents in China for $35 million. This move is part of their strategy to expand into tech-enabled real estate management. The seller is entitled to earnout payments up to $15 million based on revenue generated through 2026.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:05 pm