Streetbeat News

Acquisitions Mergers

INDI

Indie Semiconductor is reportedly exploring strategic options, including a potential sale, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:23 pm

ONEW

OneWater Marine shares are trading higher following a report suggesting that the company is in talks to acquire MarineMax.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:22 pm

YGMZ

MingZhu Logistics Holdings shares are trading higher following the announcement of an agreement to acquire Oxylus Global.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:20 pm

NCTY

The9 shares are trading higher after the company announced that it acquired a 19% stake in WeiXiang.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:17 pm

ACGL

CMG

HLT

QSR

Bill Ackman's Pershing Square Capital Management is selling a 10% stake ahead of a planned IPO in 2025. Investors include Arch Capital Group Ltd. (NASDAQ:ACGL), BTG Pactual, Consulta Limited, ICONIQ Investment Management, and Menora Mivtachim Holdings. Ackman holds significant stakes in Chipotle Mexican Grill, Inc. (NYSE:CMG), Hilton Hotels Corporation (NYSE:HLT), and Restaurant Brands International Inc (NYSE:QSR).

Portfolio Pulse from Hayden Buckfire

June 03, 2024 | 5:16 pm

HZO

MarineMax shares are trading higher following reports suggesting that OneWater is in talks to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:06 pm

SRCL

WM

Waste Management, Inc. (NYSE:WM) shares are trading lower after announcing plans to acquire Stericycle (NASDAQ:SRCL) for $7.2 billion. The acquisition aims to expand WM's recycling infrastructure and enhance its environmental solutions. The deal is expected to close in Q4 2024, pending regulatory and shareholder approvals.

Portfolio Pulse from Dylan Berman

June 03, 2024 | 5:03 pm

PSCU

TDS

XTL

Telephone and Data Systems, Inc. (NYSE:TDS) shares surged after announcing the sale of its subsidiaries OneNeck IT Solutions and OneNeck Data Center Holdings to US Signal Company. The transaction is expected to close in Q3 2024. The sale will provide additional capital for TDS Telecom's fiber program. Investors can gain exposure to TDS via SPDR S&P Telecom ETF (NYSE:XTL) and Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU).

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 4:57 pm

PARAA

Skydance has made an offer of $23 per share for Paramount's voting stock. The proposal is specifically targeted at non-Redstone Class A shareholders.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:40 pm

BDVG

NUE

SLX

Nucor Corporation (NYSE:NUE) has announced the acquisition of Rytec Corporation for $565 million in an all-cash transaction. This move is part of Nucor's strategy to diversify beyond steelmaking into related downstream businesses. The acquisition is expected to create cross-selling opportunities and expand Nucor's product portfolio. Nucor shares are trading lower following the announcement.

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 4:34 pm