Streetbeat News

Acquisitions Mergers

BLD

TopBuild (BLD) reported strong Q3 earnings, driven by increased volumes, strategic acquisitions, and a focus on profitability. However, sales lagged estimates.

Portfolio Pulse from

November 06, 2024 | 6:45 pm

AMD

AMD's stock has dropped 17% in the past month despite its strong portfolio, recent acquisitions of ZT and Silo, and high demand in the data center market. The company faces stiff competition from NVIDIA.

Portfolio Pulse from

November 06, 2024 | 6:30 pm

ALTM

Monteverde & Associates PC is investigating the proposed merger of Arcadium Lithium plc (NYSE: ALTM) with Rio Tinto. The merger involves an all-cash transaction where Rio Tinto will acquire Arcadium for $5.85 per share.

Portfolio Pulse from

November 06, 2024 | 5:45 pm

DECA

SCLX

Semnur Pharmaceuticals, a subsidiary of Scilex Holding Company, announced the filing of a Registration Statement on Form S-4 by Denali Capital Acquisition Corp. with the SEC. This filing relates to the proposed business combination between Semnur and Denali.

Portfolio Pulse from

November 06, 2024 | 5:45 pm

CVX

Chevron Corporation has received a rating upgrade due to its strong integrated portfolio, significant shareholder returns, and successful integration of its $7 billion PDC shale acquisition. The company's robust quarterly results and low breakeven costs further enhance its investment appeal.

Portfolio Pulse from

November 06, 2024 | 5:30 pm

BX

ROIC

Blackstone Real Estate Partners X is set to acquire Retail Opportunity Investments Corp. for $4 billion, including debt, in an all-cash transaction. ROIC's portfolio includes 93 grocery-anchored retail properties.

Portfolio Pulse from

November 06, 2024 | 5:30 pm

AIT

Applied Industrial Technologies (AIT) is poised for continued outperformance due to factors like pent-up demand, reshoring, and automation trends. The company is expected to see organic growth acceleration and margin improvements, despite recent challenges. AIT trades at a discount compared to peers, with potential for upward estimate revisions.

Portfolio Pulse from

November 06, 2024 | 5:15 pm

PEP

PepsiCo is recommended as a BUY with a 12-month price target of $203.08, reflecting an 18.2% premium. The company's diversified portfolio, strategic acquisitions, and favorable economic conditions are expected to enhance profitability.

Portfolio Pulse from

November 06, 2024 | 5:00 pm

OB

Monteverde & Associates PC is investigating the merger of Outbrain Inc. with Teads S.A. Outbrain plans to acquire Teads for $725 million in cash and issue new shares. The investigation focuses on the terms of the merger.

Portfolio Pulse from

November 06, 2024 | 4:30 pm

IBM

Fresche Solutions has acquired Redbourn Business Systems to enhance its IBM i Synon/CA 2E services in the UK and Europe, strengthening its position in IBM mid-range solutions.

Portfolio Pulse from

November 06, 2024 | 4:30 pm