Streetbeat News

Acquisitions Mergers

SITC

SITE Centers Corp. (NYSE:SITC) has sold a six-property portfolio to an affiliate of Pine Tree for $495 million. The sale excluded 93,607 square feet of gross leasable area at three properties, which will be included in the expected spin-off of Curbline Properties.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:07 pm

WBD

Warner Bros. Discovery (NASDAQ:WBD) shares are trading lower after Liberty Global announced its intention to acquire WBD's stake in Formula E, increasing Liberty's ownership to 65%. The deal is expected to close by the end of the year, pending regulatory approval.

Portfolio Pulse from Dylan Berman

June 13, 2024 | 5:24 pm

STLA

Stellantis CEO stated that the company is not relying on tariffs to compete, which positions them to seize M&A opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:18 pm

DKNG

Goldman Sachs analyst Ben Miller has a Buy rating and $60 price target on DraftKings Inc (NASDAQ:DKNG), despite regulatory risks and increased state taxes in Illinois. The acquisition of Jackpocket is seen as a positive, with significant revenue and EBITDA growth expected in the coming years.

Portfolio Pulse from Chris Katje

June 13, 2024 | 4:15 pm

PBHC

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) has received regulatory approvals to acquire the East Syracuse branch of Berkshire Bank. The approvals were granted by the New York State Department of Financial Services and the Federal Deposit Insurance Corporation.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:02 pm

INTU

Intuit Inc. (NASDAQ:INTU) announced it will acquire technology from Zendrive to enhance its Credit Karma platform, specifically the Karma Drive product. The transaction is expected to close in Q4 2024, with key Zendrive employees joining Credit Karma.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:00 pm

FXI

UBS

UBS has decided to enter exclusive talks with a Beijing government fund for the sale of a Credit Suisse unit, opting for this over a deal with Citadel Securities. This move indicates UBS's strategic focus on China.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:17 pm

EPAM

EPAM Systems has acquired Odysseus Data Services to enhance its capabilities in life sciences research and clinical studies through advanced data analytics and AI. This acquisition also strengthens EPAM's post-market surveillance capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:04 pm

VNDA

Vanda Pharmaceuticals has received a revised unsolicited acquisition proposal from Future Pak, offering $8.50-$9.00 per share in cash plus contingent value rights. No shareholder action is required at this time.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:03 pm

ARES

Ares Management Corporation is exploring a potential deal to acquire real estate investor GLP Capital, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:58 pm