Streetbeat News

Acquisitions Mergers

CNDT

Conduent has completed the sale of its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo for $230 million. This strategic divestiture could potentially streamline Conduent's operations and focus on its core businesses, possibly impacting its financial health and stock performance positively in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:19 am

DPSI

DecisionPoint Systems has entered into a definitive agreement to merge with an affiliate of Barcoding Holdings, with the merger valued at $10.22 in cash per share. This strategic move could significantly impact DecisionPoint Systems' market position and financial outlook.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:18 am

DJT

Former U.S. President Donald Trump received 36 million shares from Trump Media Technology Group (NASDAQ:DJT), increasing his stake to over $5.7 billion. The shares, valued at $1.8 billion, were awarded as an earnout bonus for maintaining the stock price above $17.50 for 20 consecutive days. Trump Media, owner of Truth Social, went public in March, and Trump is the largest shareholder. The stock surged 50% in the past week, closing at $49.93, up 6.94%.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 10:58 am

STN

Stantec has acquired Hydrock, a 950-person integrated engineering design firm, for an undisclosed amount, expanding its engineering and design services.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:48 am

CCJ

DNN

UEC

UUUU

Shares of uranium stocks, including CCJ, DNN, UEC, and UUUU, are trading higher following the US Senate's approval of a bill to ban Russian uranium imports. This legislative move is expected to reduce competition from Russian uranium, potentially increasing demand for uranium mined by these companies.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:21 am

ENSG

The Ensign Group has expanded its portfolio by acquiring a long-term acute care hospital and skilled nursing facility in Utah, and a skilled nursing facility in Iowa. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:10 am

ENSG

The Ensign Group has expanded its portfolio by acquiring healthcare campuses in Arizona and Kansas. The financial terms of the deal were not disclosed. This strategic move could potentially enhance The Ensign Group's market presence and operational scale in these regions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:10 am

ENSG

The Ensign Group has expanded its portfolio by acquiring two skilled nursing facilities in Tennessee and one nursing facility in Texas. The financial terms of these acquisitions were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:09 am

NAPA

The Duckhorn Portfolio has completed its acquisition of Sonoma-Cutrer Vineyards, involving a $50M cash transaction and the issuance of 31,531,532 shares of its common stock to Brown-Forman.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:08 am

PLTN

PLTNR

PLTNU

PLTNW

Shareholders of Plutonian Acquisition Corp have approved the merger with Big Tree Cloud Holdings, paving the way for a significant transformation in the company's operations and market positioning.

Portfolio Pulse from Charles Gross

May 01, 2024 | 9:29 am