Streetbeat News

Acquisitions Mergers

AEIS

Advanced Energy Industries (NASDAQ:AEIS) has decided not to pursue a takeover of XP Power Limited (LSE: XPP) due to lack of progress in negotiations and inability to access necessary due diligence. The proposed offer was 1950p per share.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 7:16 am

AAN

CRMT

KBH

PDCO

The S&P 500 and Nasdaq closed at record highs amid improving investor sentiment, despite the CNN Money Fear and Greed index remaining in the 'Fear' zone. The Aaron's Company, Inc. (NYSE:AAN) saw a significant 33% jump after announcing an acquisition agreement with IQVentures Holdings. Investors are also awaiting earnings results from Patterson Companies, Inc. (NASDAQ:PDCO), KB Home (NYSE:KBH), and America’s Car-Mart, Inc. (NASDAQ:CRMT).

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 6:30 am

FLFV

Feutune Light Acquisition's stockholders have approved a business combination with Thunder Power Holdings.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:54 am

AMZN

PLTR

TSM

Cathie Wood-led Ark Invest made significant trades in TSMC, Palantir, and Amazon amid the ongoing AI frenzy. The ARKW fund bought $5.33M worth of TSMC shares, ARKX purchased $242,869 worth of Palantir shares, and ARKX also acquired $470,641 worth of Amazon shares. These trades were influenced by positive ratings and price targets from analysts, as well as strategic business moves by the companies.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 3:55 am

ET

Energy Transfer has submitted a filing related to its acquisition of WTG. The 20% interest in the Bangl Pipeline, which was subject to a right of first offer, will not be included in the transaction. The purchase price for WTG has been revised to approximately $3.075 billion. Energy Transfer expects the acquisition to be accretive by $0.04 per common unit in 2025, increasing to $0.07 per common unit in 2027.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:25 pm

IBP

Installed Building Products (IBP) has acquired Thrice Energy Solutions and Gutter Pro Enterprises, adding approximately $14 million in annual revenue. IBP also repurchased $46 million of common stock in June.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:16 pm

TPIC

TPI Composites (TPIC) is divesting its automotive business to Clear Creek Investments. The divestiture is expected to improve TPI Composites' monthly cash flow by approximately $1.7 million over the balance of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:04 pm

SCLX

Scilex Holding Company has approved a resolution to explore ways to maximize the value of its subsidiary, Semnur Pharmaceuticals, and its product candidate SP-102. Potential strategies include a spin-off, merger, dividend, reclassification, or other similar transactions.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 7:38 pm

KKR

SHEL

USO

Some owners of Colonial Pipeline are exploring selling their stakes, aiming for deals that would value the entire company at over $10 billion, according to sources.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 7:34 pm

EOG

EOG Resources announced at the JP Morgan Conference that it will continue to explore both acquisition opportunities and organic growth strategies.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:01 pm