Streetbeat News

Acquisitions Mergers

ALLE

Allegion has acquired SOSS Door Hardware, a company focused on non-residential markets in North America. The terms of the acquisition were not disclosed. SOSS will be integrated into the Allegion Americas segment.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 11:03 am

BTTR

Better Choice Company is progressing towards the acquisition of SRx Health Solutions, with the transaction expected to close in late Q4 2023 or early Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:10 am

BHC

BLCO

Bausch Health has rejected bondholders' debt proposals and is exploring the sale of its Bausch + Lomb Vision Care subsidiary.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 9:14 am

AMD

INTC

NVDA

ORCL

Intel is considering selling a minority stake in its Altera unit, valued at $17 billion, to address market challenges and fund semiconductor ambitions. Intel's stock has plummeted over 50% this year due to competition from NVIDIA and AMD.

Portfolio Pulse from Benzinga Neuro

October 18, 2024 | 3:40 am

AYRWF

AYR Wellness has acquired LEVIA, a Massachusetts-based cannabis beverage brand known for its effects-based products. LEVIA's rapid growth and unique offerings caught the attention of AYR, a multi-state operator, leading to the acquisition. LEVIA plans to expand beyond Massachusetts, with new products and market entries.

Portfolio Pulse from Nicolás Jose Rodriguez

October 18, 2024 | 12:29 am

CMTL

Comtech has announced a strategic alternatives process for its Terrestrial & Wireless Networks segment and has amended its credit facility. This move could indicate potential restructuring or divestment efforts.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:31 pm

CSX

The Surface Transportation Board has approved CSX and CPKC's applications to acquire rail lines operated by G&W's Meridian & Bigbee Railroad. CPKC will operate a 52-mile segment between Meridian, Miss., and Myrtlewood, Ala., while CSX will operate lines east of Myrtlewood.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:02 pm

HOOD

Robinhood Markets (NASDAQ:HOOD) is set to enhance its crypto offerings through the acquisition of Bitstamp, aiming for international expansion and institutional business growth. The deal is expected to close in early 2025, potentially transforming Robinhood's trading capabilities.

Portfolio Pulse from Chris Katje

October 17, 2024 | 8:40 pm

MDV

Modiv Industrial has halted a joint venture deal for 20 U.S. manufacturing properties due to misunderstandings over time horizons. CEO Aaron Halfacre emphasizes risk management and shareholder value amid REIT equity changes and market shifts. The English Shore deal remains possible.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:32 pm

FWRD

Forward Air shares are rising due to reports that the company has hired investment bankers to explore a sale.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 7:55 pm