Streetbeat News

Acquisitions Mergers

TIGO

Millicom has received a non-binding expression of interest from its shareholder, Atlas Luxco, for a potential all-cash tender offer at $24 per share. Atlas is exploring financing options to support this offer.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:32 pm

ME

23andMe's board has formed a special committee to review strategic alternatives for maximizing shareholder value. CEO Anne Wojcicki is considering a proposal to acquire the remaining outstanding shares. The company will not provide guidance during this review.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:11 pm

ME

23andMe's board has formed a special committee to review strategic alternatives aimed at maximizing shareholder value. CEO Anne Wojcicki is considering a proposal to acquire the remaining outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:08 pm

DKNG

DraftKings Inc. (NASDAQ:DKNG) shares are trading lower due to concerns over increasing taxation in the sports betting industry. The company has also completed its acquisition of digital lottery app Jackpocket, aiming to enhance customer acquisition and cross-selling initiatives.

Portfolio Pulse from Vaishali Prayag

May 23, 2024 | 7:53 pm

HPK

Truist Securities analyst Neal Dingmann upgraded HighPeak Energy, Inc (NASDAQ:HPK) to Hold from Sell, raising the price target to $13 from $10. The company has improved operations, resulting in lower spending and costs. HighPeak could become an acquisition target with a potential price per share around $13. The company will likely need to take a moderate shareholder return approach after a 60% distribution increase and share repurchase announced last quarter. HPK shares are trading higher by 0.44% to $14.85.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 7:05 pm

BHP

SHTLF

South32 Ltd, a mining company spun out of BHP Group, is interested in acquiring Anglo American's share of their jointly owned manganese assets. This move aligns with South32's strategy to expand its influence in the global metals market. BHP is also extending its bid for Anglo American, focusing on prized copper assets.

Portfolio Pulse from Stjepan Kalinic

May 23, 2024 | 6:35 pm

ENV

Envestnet shares are trading higher following a report suggesting the company is attracting interest from Advent and GTCR.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:07 pm

PACS

PACS Group shares are trading higher following the announcement of its acquisition of operations for 53 nursing and assisted/independent living facilities, along with leasing 37 facilities from a joint venture.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:06 pm

KMI

MDST

TPYP

Kinder Morgan, Inc. (KMI) has acquired oil and gas-producing assets in West Texas for about $100 million, aiming to leverage U.S. carbon capture incentives to boost output. The acquisition includes 265 wells and 11,600 acres of land. KMI plans to sell older oilfields to focus on higher-potential properties. Investors can gain exposure through ETFs like MDST and TPYP.

Portfolio Pulse from Lekha Gupta

May 23, 2024 | 3:15 pm

AAUKF

BHP

COAL

CRIT

BHP Group Limited (NYSE:BHP) is standing firm on its latest takeover proposal for Anglo American Plc. (OTC:AAUKF), with a deadline of May 29 to make a firm bid. BHP aims to address Anglo American's concerns on an asset-by-asset basis. The proposal includes complex demergers of Anglo American's South African assets. BHP shares are up 0.26% at $58.88.

Portfolio Pulse from Lekha Gupta

May 23, 2024 | 2:26 pm