Streetbeat News

Acquisitions Mergers

NVEE

NV5 Global, Inc. (NVEE) has acquired GIS Solutions, Inc., enhancing its geospatial application development and cloud services, particularly for departments of transportation. The acquisition, made with a mix of cash and stock, is expected to be immediately accretive to NV5's earnings. GIS Solutions specializes in enterprise geographic information system technologies and services, supporting state departments of transportation and utilities with asset management, service delivery, and real-time mapping and incident reporting solutions.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:20 pm

JEF

SMFG

Jefferies Financial Group Inc. (JEF) and SMBC Group, including Sumitomo Mitsui Financial Group, Inc. (SMFG), have expanded their strategic alliance to Canada, aiming to enhance corporate and investment banking services. This move follows Jefferies' establishment of a new office in Canada with over 40 personnel, focusing on investment banking, equity research, and sales and trading. The alliance, which began in 2021, has seen significant expansions, including increased collaboration in M&A advisory services and a joint coverage model for investment grade clients. SMBC has also increased its economic ownership in Jefferies to potentially become its largest shareholder.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:17 pm

GMAB

Genmab's stock is trading higher following the announcement of its acquisition of ProfoundBio for $1.8 billion in cash.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:17 pm

BTM

Bitcoin Depot (NASDAQ:BTM), a leading U.S.-based Bitcoin ATM operator, announced its expansion into Australia with plans to ship 125 Bitcoin ATMs to major cities in Q2 2024. This move follows its recent expansion into Puerto Rico and marks a significant step in its international growth strategy. The company aims to tap into Australia's growing demand for Bitcoin services, leveraging the country's population of 27 million and the current gap in the Bitcoin ATM market. Bitcoin Depot, which went public in 2023 and has been recognized by Forbes and Deloitte, now operates the largest fleet of Bitcoin ATMs in North America and sees this expansion as an opportunity to further its global presence.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:17 pm

DIS

The Walt Disney Company (NYSE:DIS) is actively searching for a new CEO as Bob Iger's succession process accelerates, following a settled proxy battle with activist investor Nelson Peltz. Disney's board is considering both internal and external candidates, with Disney Entertainment Co-chairman Dana Walden among the top internal contenders. The board's decision comes after a victory in the shareholder vote and a positive prediction from Bank of America regarding Disney's stock.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 12:08 pm

HUBC

Hub Cyber Security's stock is trading higher following the announcement of its acquisition of Qpoint Technologies.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:04 pm

DITHF

IP

International Paper has announced significant progress in reciprocal due diligence regarding its potential offer for DS Smith. This update indicates a closer step towards a possible acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:58 am

CASA

FLGC

HWH

Flora Growth Corp. (NASDAQ:FLGC) shares fell by 20.2% in pre-market trading following the announcement of a proposed underwritten public offering of common shares. Other stocks also showed significant movement in pre-market trading, with HWH International Inc. (NASDAQ:HWH) rising 175% and Casa Systems, Inc. (NASDAQ:CASA) declining 20.8%. Various factors influenced these movements, including earnings reports, merger agreements, and public offerings.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 11:58 am

HUBC

Hub Cyber Security has acquired QPoint Technologies, aiming to enhance its secured data fabric ecosystem. The financial details of the deal were not disclosed. QPoint has shown strong financial performance with an annual revenue of $26 million in FY23.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:52 am

AER

AerCap Holdings N.V. (AER) reported significant activity in Q1 2024, including 82 new lease agreements, the purchase of 21 assets, and the sale of 49 assets. The company also repurchased 4.3 million shares for about $336 million and signed financing transactions worth approximately $1.6 billion.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:13 am