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Acquisitions Mergers

NEXT

ADNOC has acquired an 11.7% stake in NextDecade Corporation's Rio Grande LNG project and entered into a 20-year LNG offtake agreement.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:03 am

NCTY

The9 Limited (NASDAQ:NCTY) has signed a definitive share purchase agreement to invest $1.5 million in KuaiJin, an AI unmanned retail store platform in China. The9 will acquire 15% of KuaiJin and has an option to purchase up to 51% within two years. The investment includes cash and issuance of restricted shares of The9.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:11 am

NVDA

Nvidia's journey from near bankruptcy to a $2 trillion valuation was significantly influenced by a $5 million lifeline from a former Sega executive, Shoichiro Irimajiri. This act of kindness allowed Nvidia to develop a breakthrough chip and go public in 1999. However, Nvidia now faces competition from Qualcomm, Ampere Computing, and AMD in the AI-focused server market.

Portfolio Pulse from Benzinga Neuro

May 20, 2024 | 5:13 am

BRK

CB

DHI

IAK

Warren Buffett's Berkshire Hathaway has revealed a significant investment in Chubb Limited, sparking interest in the insurance sector. The investment advisor Ram Ahluwalia suggests that the insurance sector could see substantial gains, similar to the homebuilders' sector last year. The iShares U.S. Insurance ETF has already seen a slight increase.

Portfolio Pulse from Shanthi Rexaline

May 18, 2024 | 1:37 pm

HAYN

The CMA has informed Haynes International that it will be conducting a formal investigation into its transaction with North American Stainless. The merger is now expected to close in Q4 of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 8:36 pm

AMC

BRK

CB

GME

JPM

RDDT

SOXX

TSLA

Major market indexes hit record highs, with the Dow reaching 40,000 as inflation fears recede. Meme stocks like AMC and GME saw a resurgence, while GameStop later dropped due to a share offering and weak revenue estimates. Reddit partnered with OpenAI, and Berkshire Hathaway acquired a significant stake in Chubb. Jamie Dimon warned about the national deficit, and Tesla's Cybertruck lagged behind Ford's F-150 Lightning in registrations.

Portfolio Pulse from Piero Cingari

May 17, 2024 | 8:07 pm

TLRY

Tilray Brands shares are trading lower after the company announced an at-the-market program to fund acquisitions.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 7:28 pm

PAAS

ZIJMF

Zijin Mining Group (OTCPK: ZIJMF) has revised its copper production targets for 2025, aiming for a 4% increase to 1.22 million tons. The company plans to boost copper output by 50% by 2028, driven by key projects like the Julong copper project in Tibet. Zijin's subsidiary Jinteng Mining has agreed to acquire two mining projects in Peru from Pan American Silver Corp (NYSE:PAAS) for $290 million.

Portfolio Pulse from Stjepan Kalinic

May 17, 2024 | 7:24 pm

BNED

Barnes & Noble Education shares are trading higher after Greenhaven announced it is continuing to explore a possible transaction with the company.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 7:07 pm

BNED

Greenhaven is exploring a potential transaction with Barnes & Noble Education (BNED) and may continue discussions with the company's management and board regarding business strategies, capitalization, and operational issues.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 6:59 pm