Streetbeat News

Acquisitions Mergers

STSS

Sharps Technology has announced the acquisition of InjectEZ and a Syringe Sales Agreement, positioning itself in the U.S. prefillable syringe industry. The agreement secures over $200 million in product orders for the first five years, with additional commitments being negotiated. Shipments are expected to begin by Q2 2025.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:38 pm

NIO

Nio Energy, a subsidiary of Nio Inc., has secured a $200 million investment from investors. This significant funding is expected to bolster Nio's energy business and support its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:10 pm

AIEQ

BX

FTGS

KKR

Blackstone Inc (NYSE:BX) is set to acquire a 55.1% stake in Japanese e-comics provider Infocom Corp for approximately $1.66 billion from Teijin Ltd. Blackstone surpassed bids from Sony Music Entertainment, Integral Corp., and KKR & Co Inc (NYSE:KKR). Blackstone may aim to secure all of Infocom’s shares through a takeover bid and share transfer. Blackstone stock has gained over 39% in the last 12 months, and investors can gain exposure via First Trust Growth Strength ETF (NASDAQ:FTGS) and Amplify AI Powered Equity ETF (NYSE:AIEQ).

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 11:47 am

ANTE

AirNet Technology has entered into a sales and purchase agreement with an unaffiliated third party to purchase 6,218 units of Bitcoin Miner S21 for RMB177.2 million.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 11:32 am

CMG

Bill Ackman plans to take his hedge-fund firm, Pershing Square, public by 2025 following a $10.5 billion valuation deal. The firm manages $16.3 billion in net assets and holds stocks like Chipotle Mexican Grill (NYSE:CMG) and Universal Music Group. Ackman aims to attract more assets and leverage his social media presence to drive investor interest.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 11:10 am

ALK

BA

Alaska Air Group Inc (NYSE:ALK) has acquired a 19-acre training facility in Renton, Washington, from Unico Properties for $85.75 million. The facility, originally built by Boeing Co (NYSE:BA), will centralize training for Alaska Airlines' staff and will undergo $100 million in renovations. The move aims to enhance training and operational efficiency.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 10:54 am

UBS

UBS Group AG has completed its merger with Credit Suisse AG, facilitated by strong regulatory support globally.

Portfolio Pulse from Charles Gross

May 31, 2024 | 10:32 am

CMG

Bill Ackman plans to take Pershing Square public with an IPO valuing the firm at $10.5 billion, according to The Wall Street Journal.

Portfolio Pulse from Charles Gross

May 31, 2024 | 9:36 am

DCBO

Warburg Pincus has increased its investment in Docebo, achieving a 10% ownership stake in the company.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:49 am

NVOS

Novo Integrated Sciences (NASDAQ: NVOS) surged 70.29% in after-hours trading following HSBC's confirmation of a $78 million Standby Letter of Credit. The funding will be used to acquire the Ophir Collection, a set of 43 gemstones, supporting Novo's non-dilutive financing for growth objectives.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 3:17 am