Streetbeat News

Acquisitions Mergers

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UBS has raised its gold price forecast to $2,800 per ounce by 2025, driven by macroeconomic uncertainty, geopolitical risks, and increased gold allocations. UBS also predicts a surge in M&A activity in the gold mining sector and has upgraded price targets for Northern Star, Genesis Minerals, and SSR Mining. Additionally, UBS has raised its silver price forecast due to rising industrial demand and potential undersupply.

Portfolio Pulse from Stjepan Kalinic

June 05, 2024 | 1:49 pm

GFL

GFL Environmental Inc., a waste management giant, has hired a financial adviser to review two buyout offers. This move indicates potential significant changes in the company's ownership structure.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:43 pm

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Hanesbrands Inc. (NYSE:HBI) shares are trading higher after the company announced a deal to sell its Champion business to Authentic Brands Group for up to $1.5 billion. The transaction is expected to close in the second half of 2024, and HanesBrands plans to use the proceeds to accelerate debt repayment. The company will update its full-year 2024 guidance in conjunction with its second-quarter earnings results.

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 1:24 pm

XTLB

XTL Biopharmaceuticals has entered into an agreement to acquire The Social Proxy, an AI web data company. Additionally, XTL Biopharmaceuticals has secured $1.5 million in a private placement.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:16 pm

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The article covers a range of topics including Bitcoin's strong performance metrics, significant inflows into Bitcoin Spot ETFs, and various movements in the crypto market. It also highlights notable premarket stock movements, a new stock exchange initiative by BlackRock and Citadel, and significant developments in the tech and EV sectors.

Portfolio Pulse from Akanksha Bakshi

June 05, 2024 | 1:13 pm

IVCP

Swiftmerge Acquisition has entered into a merger agreement with AleAnna Energy, potentially impacting the stock price of Swiftmerge Acquisition Corp (IVCP).

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:52 pm

SGRP

SPAR Group shares are trading lower after the company announced that it entered into a letter of intent to go private with Highwire Capital.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:45 pm

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Sharps Technology has secured exclusivity to purchase InjectEZ assets from Nephron Pharmaceuticals with a $1 million escrow deposit. The acquisition will establish Sharps' position in the prefillable syringe industry, with product orders totaling over $200 million expected in the first five years. Shipments are planned to begin by Q2 2025.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:40 pm

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Hibbett, Inc. (NASDAQ:HIBB) reported Q1 fiscal 2025 earnings per share of $2.67, missing the street view of $2.70. Quarterly revenues were $447.16 million, below the analyst consensus of $453.91 million. Comparable sales decreased 5.8% year over year. The company has withdrawn its guidance due to a pending acquisition by JD Sports Fashion PLC (OTC:JDSPY).

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 12:24 pm

SGRP

SPAR Group has entered a non-binding letter of intent to go private with Highwire Capital, which has offered to acquire the company for $2.50 per share.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:10 pm