Streetbeat News

Acquisitions Mergers

BLFS

META

PSTG

SCVL

Insiders at Meta Platforms, Pure Storage, Shoe Carnival, and BioLife Solutions have recently sold shares. These sales could indicate various strategic decisions or perspectives on the company's valuation. Meta Platforms introduced new AI features, Pure Storage received a positive outlook from Susquehanna, Shoe Carnival reported a slight sales decline, and BioLife Solutions divested its Stirling Freezer Business.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 12:00 pm

Eversource Energy (ES) has agreed to sell its 50% stake in Sunrise Wind to Ørsted, conditional on the project's selection by NYSERDA in New York's latest offshore wind energy bid. The deal, expected to close later this year, follows Sunrise Wind's successful bid in February 2024.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:54 am

AAPL

NFLX

TSLA

Cathie Wood's Ark Invest buys $13M in Tesla stock and loads up on Bitcoin and Ethereum ETFs, amid discussions on Bitcoin halving and its impact. Wall Street faces potential 6th day of losses, influenced by Netflix and geopolitical tensions. Apple complies with China's security demands by removing Meta products from its App Store. Tesla recalls over 3,800 Cybertrucks due to unintended acceleration risk. Netflix faces growth challenges, and Boeing deals with safety concerns and whistleblower complaints.

Portfolio Pulse from Akanksha Bakshi

April 19, 2024 | 11:53 am

Jacobs Solutions has been selected by Western Australia's Water Corporation to design, build, and maintain the Alkimos Seawater Desalination Plant in Perth. This project, part of a $1.83 billion program, aims to provide a sustainable water supply for over 2.5 million people. Jacobs' appointment highlights its expertise in water projects and strengthens its relationship with Water Corporation.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:51 am

AULT

Ault Alliance's stock price increased following the announcement of receiving a $44 million investment from Ault & Company as per the November 2023 Securities Purchase Agreement.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:46 am

RWOD

Redwoods Acquisition's shares surged following the announcement that its shareholders approved the merger agreement with Anew Medical, indicating a positive market response to the merger news.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:40 am

BSY

SBGSY

Bentley Systems has chosen not to comment on market speculation regarding potential strategic transaction discussions with Schneider Electric, who confirmed their ongoing talks as part of their One Software strategy.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:35 am

AAPL

GOOGL

IXP

MSFT

VOX

Google's CEO Sundar Pichai announced a major restructuring to accelerate AI development, aiming to outpace competitors like Microsoft. The reorganization consolidates all AI teams under DeepMind, focusing on unified AI efforts and introducing a new Platform and Devices team. This move, the largest change at Alphabet since last year's AI unit integration, seeks to enhance product innovation and decision-making. Analysts view Alphabet's AI and cloud investments as key growth drivers, potentially boosting its shares alongside a speculated collaboration with Apple.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 11:07 am

DIT

AMCON Distributing has signed an agreement to acquire Richmond Master Distributors in South Bend, Indiana. The terms of the deal were not disclosed. This acquisition will expand AMCON's service to around 7,900 locations across 33 states, with the transaction expected to close in the third quarter of fiscal 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:02 am

JWN

Nordstrom's stock price increased following the announcement that the company has established a committee to explore a potential going-private transaction.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:49 am