Streetbeat News

Acquisitions Mergers

MMLP

Martin Midstream Partners announced that Martin Resource Management Corporation has filed a Schedule 13D amendment, proposing to acquire all outstanding common units not owned by MRMC for $3.05 per unit in cash.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:28 pm

HPE

Hewlett Packard Enterprise (HPE) has entered into an amended and restated put share purchase agreement with UNIS. Under the terms, HPE will sell 30% of the total share capital of H3C to UNIS for approximately $2.1 billion by or before August 31.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:53 pm

GOOG

GOOGL

Google has invested $350 million in India's Flipkart for a minority stake in the latest funding round, according to a source cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:44 pm

BOF

BranchOut Food Inc shares are trading higher after the company purchased a third EnWave dehydration machine.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:06 pm

GTAC

Global Technology Acquisition and Tyfon Culture Holdings have publicly filed a registration statement for their proposed business combination. The transaction is expected to close in the second half of 2024, and the combined company will be named Tyfon Culture Inc., listed on Nasdaq under the ticker symbol 'TFCI'.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 11:54 am

EQNR

ICOW

PWER

Equinor ASA (NYSE:EQNR) and its partners are investing $1.1 billion to expand the Troll West gas infrastructure, aiming to maintain high gas export levels until 2030. The project includes eight new wells and is expected to significantly boost gas production. Equinor also received approval for its Empire Wind 1 offshore wind farm and reported strong first-quarter FY24 revenue. Investors can gain exposure to Equinor through Macquarie Energy Transition ETF (NYSE:PWER) and Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW).

Portfolio Pulse from Lekha Gupta

May 24, 2024 | 11:37 am

OLLI

Ollie's Bargain Outlet has won a bankruptcy auction to acquire eleven former 99 Cents Only Stores for $14.6 million. The acquisition, approved by the United States Bankruptcy Court for the District of Delaware, is expected to close in early June.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 11:34 am

FCPT

FCPT announced a $20 million sale-leaseback agreement for eight Mavis Tire properties.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 7:02 am

BABA

JD

MCHI

PDD

Alibaba Group Holding Ltd (NYSE:BABA) plans to raise $4.5 billion through convertible bonds to fund share buybacks amid fierce competition and a slow Chinese economic recovery. The notes, maturing in seven years with a 0.5% coupon, can be converted to shares at a 30% premium over the current price. Fitch Ratings has assigned an A+ rating to the notes. Alibaba's move comes as it faces competition from JD.com Inc (NASDAQ:JD) and Pinduoduo Inc (NASDAQ:PDD). The iShares MSCI China ETF (NASDAQ:MCHI) has also seen significant gains recently.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 6:36 am

ACU

Acme United has acquired the assets of Elite First Aid, a supplier of tactical, trauma, and emergency response products, for an undisclosed purchase price. The deal is expected to be accretive. Elite First Aid had revenues of approximately $4.2 million in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:48 pm