Streetbeat News

Acquisitions Mergers

AIEQ

BX

FTGS

Blackstone Inc. (NYSE:BX) announced the sale of Turtle Bay Resort for $725 million, expected to close in Q3 2024. The sale, along with another land transaction, is projected to generate $768 million in proceeds. Blackstone stock has gained over 35% in the past year but is down 3.54% today. Investors can gain exposure through ETFs like First Trust Growth Strength ETF (NASDAQ:FTGS) and Amplify AI Powered Equity ETF (NYSE:AIEQ).

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 3:21 pm

BHP

NGLOY

BHP Group expressed disappointment that Anglo American's board has decided not to continue discussions with BHP. BHP refuted Anglo American's claim that the value risk under BHP's proposal would be solely borne by Anglo American shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:18 pm

BHP

BHP Group has decided not to make a firm offer for Anglo American due to disagreements on South African regulatory risks and costs. BHP maintains that their proposal was the most effective structure to deliver value for Anglo American shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:17 pm

NOK

VGK

Russian President Vladimir Putin has authorized a subsidiary of Rostelekom to buy out Nokia Solutions and Networks' stake in their joint venture, according to Reuters citing IFAX.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:13 pm

CVX

HES

Chevron CEO Michael Wirth expects progress on the FTC proposal regarding the proposed deal with Hess in the coming weeks and is confident that their position will be affirmed in arbitration.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:12 pm

XOM

Exxon Mobil announced that its acquisition of Pioneer Natural will enhance its ability to drive earnings, cash flow, and shareholder distributions.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:09 pm

WOR

Worthington Enterprises has signed agreements with Hexagon Composites to acquire Hexagon Ragasco for $98 million.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:04 pm

AAL

DIA

IWM

MOH

MRNA

MRO

QQQ

SPY

TLT

UUP

Wall Street experienced significant volatility on Thursday, with major indices and sectors trading in the red. The VIX rose 8%, and Treasury yields surged, leading to declines in fixed-income assets. Key ETFs and stocks such as TLT, UUP, SPY, QQQ, DIA, IWM, AAL, MRO, MRNA, and MOH were impacted.

Portfolio Pulse from Piero Cingari

May 29, 2024 | 3:01 pm

WOR

Worthington Enterprises has signed agreements with Hexagon Composites to acquire Hexagon Ragasco and form a joint venture for a sustainability energy solutions business segment.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:58 pm

SONY

Sony Music is reportedly in talks to acquire Queen's music catalog in a deal potentially worth $1 billion. The company is working with an investor to finalize the acquisition.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:52 pm