Streetbeat News

Acquisitions Mergers

TDS

Telephone and Data Systems (TDS) shares are trading higher after the company announced a definitive agreement to sell its wholly owned subsidiaries, OneNeck IT Solutions and OneNeck Data Center Holdings, to US Signal Company.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 3:31 pm

TAK

Blackstone Inc. (NYSE:BX) is considering selling its Japanese consumer healthcare firm Alinamin Pharmaceutical Co., which could be valued at approximately ¥300 billion ($1.9 billion). The sale is attracting interest from CVC Capital Partners, EQT AB (OTC:EQBBF), and MBK Partners. Other possibilities include an initial public offering. Blackstone acquired Alinamin from Takeda Pharmaceutical Company Limited (NYSE:TAK) in 2021 for ¥242 billion.

Portfolio Pulse from Akanksha Bakshi

June 03, 2024 | 3:28 pm

HQY

HealthEquity, Inc. (NASDAQ:HQY) is expected to report higher Q1 earnings, with analysts projecting earnings of 66 cents per share and revenue of $278.11 million. The company recently closed the acquisition of BenefitWallet HSA portfolio. Analysts have maintained positive ratings with increased price targets.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 3:01 pm

GME

PARA

SPY

GameStop experiences volatility following a new post by Roaring Kitty. Paramount's stock rises on reports that Skydance is set to announce a takeover. The NYSE is investigating a technical issue.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:57 pm

AGIO

GME

HZO

LQDA

SRCL

U.S. stocks were mixed on Monday, with the Dow Jones index falling around 100 points. Several stocks saw significant gains, including Stericycle, Inc. (NASDAQ:SRCL) which rose 15% after announcing a $7.2 billion acquisition deal with Waste Management Inc. (NYSE:WM). GameStop Corp. (NYSE:GME) shares jumped 34.5% following a Reddit post by Roaring Kitty. MarineMax, Inc. (NYSE:HZO) surged 27% amid acquisition talks with OneWater Marine Inc. Other notable gainers included Liquidia Corporation (NASDAQ:LQDA), Olema Pharmaceuticals, Inc. (NASDAQ:OLMA), and Agios Pharmaceuticals, Inc. (NASDAQ:AGIO).

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 2:39 pm

Waste Management shares are trading lower after the company announced a definitive agreement to acquire Stericycle.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:39 pm

HLT

Hilton plans to double its lifestyle portfolio to 700 hotels in four years through the acquisitions of Graduate Hotels and NoMad brands. Additionally, Hilton has appointed a new Global Lifestyle President to oversee this expansion.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:32 pm

CAMP

CalAmp shares are trading lower after the company announced it entered into a restructuring support agreement to take the company private.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:00 pm

IDU

NETZ

SRCL

Waste Management Inc. (NYSE:WM) is set to acquire Stericycle, Inc. (NASDAQ:SRCL) for $62.00 per share in cash, representing a 20% premium to SRCL's previous closing price. The deal, valued at approximately $7.2 billion including debt, is expected to close in Q4 2024. Waste Management anticipates annual run-rate synergies of over $125 million and expects the acquisition to be accretive to earnings and cash flows within a year of closing. The transaction will be financed using a combination of bank debt and senior notes.

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 1:50 pm

PARA

PARAA

Paramount shares are trading higher following reports suggesting Skydance is poised to announce the takeover of Paramount.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:28 pm