Streetbeat News

Acquisitions Mergers

CRLBF

Healing Realty Trust (HRT) has closed the first tranche of its $25 million Series A funding round, aimed at acquiring healthcare facilities in Texas, Ohio, and Connecticut. Joe Caltabiano, CEO of HRT and co-founder of Cresco Labs (OTC:CRLBF), highlighted the importance of this investment in expanding HRT's real estate portfolio to support innovative psychedelic therapies.

Portfolio Pulse from Javier Hasse

June 18, 2024 | 5:24 pm

TS

A Brazilian court has ordered Tenaris S.A. to pay up to BRL942 million (~$180M) in indemnification related to its 2012 acquisition of a stake in Usiminas. The indemnification is to be paid by Tenaris's subsidiary Confab and certain subsidiaries of Tenaris's affiliate Ternium.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:03 pm

ACI

KR

Kroger Co (NYSE:KR) shares rose after BMO Capital Markets upgraded the stock from Market Perform to Outperform and raised the price target from $58 to $60. Analyst Kelly Bania cited Kroger's strong industry positioning and potential benefits from its pending deal with Albertsons Companies Inc (NYSE:ACI). Bania expects Kroger to beat earnings expectations and reach the high-end of its fiscal 2025 guidance.

Portfolio Pulse from Priya Nigam

June 18, 2024 | 4:12 pm

ASNS

CMTL

DMTK

QMCO

RELI

TSHA

U.S. stocks traded mostly higher with the Dow Jones up 0.1%, while the NASDAQ fell slightly. Energy shares rose by 0.7%. Key movers included Reliance Global Group, Actelis Networks, and Comtech Telecommunications, which saw significant gains. DermTech shares plummeted after filing for Chapter 11 protection.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 4:08 pm

NVEI

Nuvei Corporation's shareholders have approved a plan for the company to go private through a transaction with Advent International. The deal involves the acquisition of all outstanding shares for $34.00 per share in cash, except for shares held by key stakeholders who will receive a combination of cash and shares in the new private entity.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 4:06 pm

HPE

JNPR

Juniper Networks (JNPR) is set to be acquired by Hewlett Packard Enterprise (HPE) in an all-cash transaction valued at $14 billion. Argus Research's Jim Kelleher upgraded JNPR from Hold to Buy with a price target of $40, citing the strategic fit with HPE's Intelligent Edge business. The deal is expected to close in late 2024 or early 2025.

Portfolio Pulse from Priya Nigam

June 18, 2024 | 3:56 pm

TFPM

Triple Flag Precious Metals (TFPM) is reportedly under the spotlight amid takeover rumors, according to circulating M&A blog comments.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:36 pm

BTCUSD

CLSK

CleanSpark Inc. (NASDAQ: CLSK) announced the acquisition of five new Bitcoin mining facilities in Georgia for $25.8 million. The acquisition is expected to enhance CleanSpark's operational hashrate and infrastructure. Despite this, CleanSpark shares remained flat, and Bitcoin prices showed a slight decline.

Portfolio Pulse from Adam Eckert

June 18, 2024 | 3:29 pm

EQT

JEF

EQT AB is considering the sale of Karo Healthcare, a Swedish consumer-health business, potentially valued at over €2 billion. The private equity firm is working with Jefferies Financial Group Inc. to explore strategic options. The sale could attract interest from other financial investors.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:28 pm

ATRC

EW

Traders are circulating an unconfirmed rumor that Edwards Lifesciences is considering a takeover bid for AtriCure.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:11 pm