Streetbeat News

Acquisitions Mergers

AVTE

Monteverde & Associates PC is investigating the merger between Aerovate Therapeutics, Inc. and Jade Biosciences. Aerovate shareholders will own 1.6% of the new entity, while Jade shareholders will own 98.4%.

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November 06, 2024 | 12:00 am

STAF

Monteverde & Associates PC is investigating the merger of Staffing 360 Solutions, Inc. with Atlantic International Corp. Staffing 360 shareholders will receive 1.202 Atlantic shares for each Staffing 360 share, resulting in Atlantic shareholders owning 90% of the combined company.

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November 06, 2024 | 12:00 am

BMTX

Monteverde & Associates PC is investigating the merger of BM Technologies, Inc. with First Carolina Bank. BM Technologies stockholders are set to receive $5.00 per share in cash under the merger agreement.

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November 06, 2024 | 12:00 am

CR

Crane Company has seen a 45% rise in shares this year due to strong earnings growth and strategic acquisitions. However, despite strong operating momentum and sound capital allocation, the current valuation may not offer a compelling risk-reward balance.

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November 05, 2024 | 11:30 pm

PAAS

Pan American Silver Corp. has received regulatory approval from the Government of Canada for the sale of its La Arena gold mine and La Arena II project in Peru to Jinteng (Singapore) Mining Pte. Ltd., a subsidiary of Zijin Mining Group.

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November 05, 2024 | 11:30 pm

VSTO

Monteverde & Associates PC is investigating the merger of Vista Outdoor Inc. with Czechoslovak Group a.s. and the sale of Revelyst. Vista shareholders are expected to receive $45 per share in cash.

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November 05, 2024 | 11:15 pm

FANG

Diamondback Energy's merger with Endeavor Energy strengthens its position in the Permian Basin, enhances operational efficiency, and supports financial stability. The company focuses on debt reduction while offering generous shareholder returns through dividends and a $6 billion buyback authorization.

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November 05, 2024 | 11:00 pm

EMR

Emerson Electric's stock rose by 7% following strong fiscal fourth-quarter earnings and a buyout bid for AspenTech.

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November 05, 2024 | 11:00 pm

PPLL

Peoples Financial Services, after merging with FNCB Bancorp, now operates 39 branches and holds $5.5 billion in assets. Despite recent earnings declines, its 5.4% dividend yield and strong asset quality make it attractive in a favorable rate environment. The bank is undergoing a transition with new leadership and integration expenses, but the electronic banking network conversion is a positive sign.

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November 05, 2024 | 11:00 pm

TPZEF

Topaz Energy has acquired royalty interests in 3 million gross acres from Tourmaline. U.S. investors should consider tax implications and consult brokers. The company's low yield is growing, promising potential returns for long-term investors.

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November 05, 2024 | 11:00 pm