Streetbeat News

Acquisitions Mergers

VNDA

ShareCap, a shareholder of Vanda Pharmaceuticals, urges the company's board to explore strategic alternatives, including reconsidering an offer from Future Pak. This move is aimed at enhancing shareholder value and could involve various strategic options.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:09 pm

AMZN

GOOG

META

SNAP

ByteDance is reportedly considering options to sell TikTok without including its proprietary algorithm, according to The Information. This move could significantly impact the valuation and attractiveness of TikTok to potential buyers, as the algorithm is a key component of its success.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:07 pm

BTM

Bitcoin Depot announced a strategic investment from Sopris Capital, with the purchase of 2.906 million Class A common shares, making Sopris one of its largest independent shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:06 pm

TCN

Tricon Residential Inc. (NYSE:TCN) has received Investment Canada Act approval for its acquisition by Blackstone Real Estate for $11.25 per share in cash. The transaction, already approved by shareholders and regulatory bodies, is expected to close by May 1, 2024. Following the closure, Tricon's shares will be delisted from the NYSE and TSX, and the company will deregister from the U.S. Exchange Act.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:06 pm

PLUG

Plug Power has signed two new contracts to deliver Basic Engineering and Design Packages (BEDP) for projects in Europe and the US, increasing its global BEDP contracts to 4.5GW. With 50MW of its electrolyzers already operational, Plug is on track to become the world's largest provider of PEM technology by year-end.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:42 am

HCP

IBM

HashiCorp's stock price increased following IBM's announcement to acquire the company at $35 per share.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:42 am

HCP

IBM

HashiCorp's stock price increased following IBM's announcement to acquire the company at $35 per share.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:38 am

AMK

AssetMark Financial has agreed to be acquired by private equity firm GTCR for $35.25 per share in cash, valuing the company at approximately $2.7 billion. The transaction, approved by AssetMark's Board of Directors, will result in AssetMark's delisting from public markets.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:21 am

GM

General Motors (NYSE:GM) announced plans to relaunch its autonomous driving unit, Cruise, after a temporary halt due to a robotaxi accident. The company is focusing on building regulator and customer trust, enhancing safety, and expects $1.7 billion in expenses for Cruise this year. Operations have resumed in Phoenix with manual driving to collect road data, aiming for a gradual return to driverless operations. GM is exploring funding options for Cruise, including external investments.

Portfolio Pulse from Anan Ashraf

April 25, 2024 | 11:17 am

BHP

Global markets showed mixed responses with Asia markets mixed, Europe dipping, and US markets closing mixed influenced by Treasury yields, tech earnings, and economic data. Copper prices rose following BHP's buyout offer to Anglo American, affecting the stock prices of both companies. Economic indicators such as U.S. mortgage applications, orders for durable goods, and crude oil inventories also influenced market movements.

Portfolio Pulse from Akanksha Bakshi

April 25, 2024 | 10:57 am