Streetbeat News

Acquisitions Mergers

MIDD

The Middleby Corporation (NASDAQ:MIDD) has acquired Emery Thompson, a global brand in frozen dessert equipment with annual revenues of $10 million. Financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 1:06 pm

HUBS

HubSpot, Inc. (NYSE:HUBS) is set to acquire Cacheflow, a B2B subscription billing management and CPQ solution, to enhance its commerce capabilities. The acquisition aims to improve subscription billing and quote-to-cash automation for HubSpot's customers.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 1:04 pm

BX

GS

GSK

HLN

JNJ

KVUE

MS

SNY

Sanofi is negotiating with Clayton Dubilier & Rice to sell a 50% stake in its consumer healthcare unit, Opella, for approximately $16.4 billion. This move aligns with Sanofi's strategy to focus on innovative medicines and vaccines. Goldman Sachs and Morgan Stanley are preparing debt financing for potential buyers.

Portfolio Pulse from Vandana Singh

October 11, 2024 | 12:57 pm

AGBA

FAST

TSLA

Tesla's stock dropped 7% after unveiling a 2-seater Cybercab and a 20-seater Robovan. AGBA's stock surged 34% on news of a merger with Triller, pending Nasdaq approval. Fastenal's stock rose 5% following better-than-expected Q3 results.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:39 pm

JPM

JP Morgan's CFO highlighted ongoing uncertainties in the M&A regulatory environment and geopolitical situation during a media call.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:38 pm

AZN

AstraZeneca has reported a 9.9% passive stake in Conduit Pharmaceuticals, indicating a strategic interest in the company. This move could suggest potential future collaborations or investments.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:03 pm

ALTM

RIO

The Serbian parliament did not pass a ban on lithium mining, allowing Rio Tinto's Jadar project to continue. Despite environmental concerns, the project is crucial for Serbia's economy and geopolitical stance. Rio Tinto's acquisition of Arcadium enhances its global lithium operations.

Portfolio Pulse from Stjepan Kalinic

October 11, 2024 | 11:55 am

BTTR

Better Choice Company has announced its plans to expand into veterinary medicine by 2025, following the acquisition of SRx Health. This strategic move aims to enhance their product offerings and market reach.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:39 am

BLK

FDFF

NITE

BlackRock, Inc. (NYSE:BLK) reported strong Q3 earnings, with revenue and EPS beating expectations. The company's AUM reached $11.5 trillion, driven by significant net inflows and market movements. BlackRock also completed the acquisition of Global Infrastructure Partners, enhancing its private markets capabilities.

Portfolio Pulse from Lekha Gupta

October 11, 2024 | 11:25 am

AGBA

AGBA and Triller are set to complete their merger on October 14, 2024, pending final Nasdaq approval. The merger will involve a reverse stock split for AGBA to comply with Nasdaq rules.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:04 am