Streetbeat News

Acquisitions Mergers

AREB

KAVL

SHCR

Kaival Brands Innovations Group (NASDAQ:KAVL) shares dropped 47% after announcing a $6.0 million public offering. Other notable movers include American Rebel Holdings (NASDAQ:AREB) up 161% due to a new distribution agreement, and Sharecare (NASDAQ:SHCR) up 74% following an acquisition agreement.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 6:04 pm

CTLT

SRPT

TMO

Sarepta's expanded approval for Elevidys is expected to generate significant revenue, benefiting Catalent's growth. Despite this, Catalent's manufacturing capacity and the role of Thermo Fisher Scientific as a secondary manufacturer remain uncertain. Novo Holdings' acquisition of Catalent is unlikely to be influenced by this approval, but it provides some downside protection for investors.

Portfolio Pulse from Vandana Singh

June 21, 2024 | 5:52 pm

GOOG

GOOGL

MSFT

OpenAI, backed by Microsoft Corp (NASDAQ:MSFT), has acquired Rockset, a real-time analytics database company founded by former Facebook employees. The acquisition aims to enhance OpenAI's data indexing and querying capabilities, providing better data retrieval and real-time information access. This move positions OpenAI competitively against rivals like Anthropic and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL).

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 5:30 pm

HUBS

Shares of HubSpot are being closely watched as traders circulate mentions of potential mergers and acquisitions (M&A) involving the company. This speculation has led to increased interest and activity in HubSpot's stock.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 5:11 pm

SHCR

Sharecare shares are trading higher following the announcement that the company will be acquired by an affiliate of Altaris for $1.43 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 4:21 pm

AXP

IPAY

JRNY

SQSP

American Express (AXP) has agreed to acquire Tock from Squarespace (SQSP) for $400 million and Rooam for an undisclosed amount. These acquisitions aim to enhance American Express's restaurant and payment technology offerings. The deals are subject to regulatory approval. AXP shares are down 0.53% at $229.00.

Portfolio Pulse from Lekha Gupta

June 21, 2024 | 3:40 pm

AFT

AIF

Apollo Senior Floating Rate Fund Inc. (AFT) and Apollo Tactical Income Fund Inc. (AIF) have announced stockholder approval for their mergers with Midcap Financial Investment Corporation.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 3:16 pm

EIPX

KEAT

TTE

TotalEnergies SE (NYSE:TTE) has won a significant maritime concession in Germany, paving the way for a 3.5 GW offshore wind hub in the German North Sea. The project involves substantial financial commitments and is part of a broader strategy to expand renewable energy operations in Germany.

Portfolio Pulse from Lekha Gupta

June 21, 2024 | 3:05 pm

MSFT

OpenAI has acquired Rockset and plans to integrate Rockset's technology to enhance its retrieval infrastructure across its products. Members of Rockset's team will also join OpenAI.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 3:03 pm

KKR

KKR has acquired the owner of several European music festivals in a deal valued at £1.3 billion. This acquisition is part of KKR's strategy to expand its portfolio in the entertainment and live events sector.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:11 pm