Streetbeat News

Acquisitions Mergers

UHAL

U-Haul has acquired a 2.7-acre property on May 26 to build a new U-Box Moving & Storage facility in Hammond, scheduled for completion by summer 2026. The new facility will be located just one-third of a mile from the existing store.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:48 pm

PIPR

Piper Sandler Companies (NYSE:PIPR) has entered into a definitive agreement to acquire Aviditi Advisors, enhancing its private equity M&A and capital markets capabilities. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:37 pm

GDC

GD Culture Group Limited has entered into a software purchase agreement with Shanxi Gangdong Cultural Media Co. to acquire certain software for $1.248 million.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:26 pm

BTCUSD

ETHUSD

HOOD

Cryptocurrency markets are slightly down despite strong ETF inflows for the last 17 days. Bitcoin is attempting to break the $72-$73K resistance level. Robinhood announced the acquisition of Bitstamp for $200M. Notable statistics include high Bitcoin open interest and low long liquidations. Standard Chartered predicts Bitcoin could reach $150K by year-end if Trump wins.

Portfolio Pulse from Khyathi Dalal

June 06, 2024 | 8:26 pm

FRLA

Fortune Rise Acquisition Corporation has extended the deadline to complete its initial business combination from June 5, 2024, to July 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:19 pm

MTN

Vail Resorts has updated its guidance for fiscal year 2024, projecting net income between $224 million and $256 million. The company expects Resort Reported EBITDA to be between $825 million and $843 million, including a negative contribution from the Crans-Montana acquisition. The guidance assumes stable economic conditions and normal weather patterns.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:17 pm

BX

EMR

Emerson is selling its remaining 40% interest in the Copeland joint venture to Blackstone for $3.5 billion. The transaction includes $3.4 billion in pre-tax cash proceeds, net of $0.1 billion in indemnity obligations. Blackstone will purchase Emerson's equity ownership, and Copeland will repurchase the seller's note.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:11 pm

ANDE

The Andersons, Inc. (NASDAQ:ANDE) has signed a non-binding letter of intent to purchase an ownership interest in Skyland Grain, LLC. The agreement grants The Andersons exclusivity while negotiating a definitive agreement. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:08 pm

CVGI

Commercial Vehicle Group (CVGI) has retained an investment banking firm to explore strategic alternatives for its Industrial Automation business, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:04 pm

CGC

GTBIF

SAM

TLRY

Green Thumb Industries (OTC:GTBIF) is rumored to be interested in merging with Boston Beer (NYSE:SAM), potentially creating a company with $3 billion in proforma 2023 revenues. The merger could reshape the cannabis and beverage sectors, offering strategic advantages and profitability improvements. Boston Beer shares rose by 30% following acquisition talks with Suntory (OTC:STBFY). The merger could set a precedent for future deals in the cannabis and beverage industries.

Portfolio Pulse from Nicolás Jose Rodriguez

June 06, 2024 | 8:02 pm