Streetbeat News

Acquisitions Mergers

AGI

AMC

COIN

DJT

FCX

TSLA

Benzinga's weekly review highlights Wall Street's downturn, with the S&P 500, Dow, and Nasdaq all falling. Oil prices rose due to geopolitical tensions between Israel and Iran. U.S. consumer sentiment dipped, and expectations for a Federal Reserve rate cut decreased. Bullish reports include AMC's CEO dismissing bankruptcy fears, Dogecoin's post-Bitcoin halving surge, and BofA's positive outlook on gold and copper with upgrades for AGI and FCX. Bearish reports cover Trump Media's legal challenges, a lawsuit against Coinbase, and concerns over Tesla's $25K EV project.

Portfolio Pulse from Michael Cohen

April 13, 2024 | 1:28 pm

BRK

LSXMA

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) has acquired $116.58 million worth of Liberty SiriusXM Group (NASDAQ:LSXMA) stock, increasing its stake to 69,044,244 shares. The purchase was made over six days, with share prices ranging from $25.67 to $27.76. This move strengthens Berkshire Hathaway's position in the media and entertainment industry, following a proposal for a business combination between Liberty Media and Sirius XM Holdings Inc. in September 2023.

Portfolio Pulse from Rounak Jain

April 13, 2024 | 2:18 am

CRM

INFA

Salesforce is reportedly in advanced discussions to acquire Informatica, as per The Wall Street Journal. This move could significantly expand Salesforce's data management capabilities, aligning with its strategic growth objectives.

Portfolio Pulse from Charles Gross

April 13, 2024 | 12:20 am

NYCB

New York Community Bancorp, Inc. (NYCB) has announced the immediate appointment of four new executives to its team, aiming to enhance operational capabilities, risk and compliance, and drive growth. Craig Gifford is appointed as CFO, bringing over 30 years of banking experience. Bao Nguyen is named SEVP, General Counsel & Chief of Staff, with a background in financial services law. Scott Shepherd joins as SEVP, Head of Commercial Real Estate Lending, with extensive experience in real estate finance. James Simons is appointed as EVP, Special Advisor to the CEO, bringing over 45 years of banking experience.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 9:50 pm

MPW

Medical Properties Trust's shares are trading higher following the announcement of the sale of its majority interest in Utah Hospitals.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:28 pm

EVE

EVe Mobility Acquisition Corp has announced an extension of its business combination deadline from April 17, 2024, to May 17, 2024. This extension provides additional time for completing the necessary steps to finalize the business combination.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:20 pm

DSAQ

Direct Selling Acquisition Corp. (DSAQ) announced its intention to voluntarily delist its common stock and units from the NYSE and apply for listing on the Nasdaq Global Market. The move, expected to be completed by April 24, 2024, aims to reduce the management effort required to comply with NYSE standards, allowing the company to focus on a business combination with Hunch Technologies Limited. DSAQ expects the transition to Nasdaq to enable uninterrupted trading for its investors.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:17 pm

AGX

ATI

ATLX

U.S. Steel and Nippon Steel are delaying their $14.1 billion deal due to political and regulatory challenges, with a potential extension into 2025. Atlas Lithium secures financing and supply agreements with key suppliers to major tech firms, aiming to accelerate production with a new plant in Brazil. ATI completes an expansion enhancing its specialty rolled products capabilities. Argan reports a 26% revenue increase in fiscal 2024, with optimistic outlooks despite some project losses.

Portfolio Pulse from austin@walkonholdings.com

April 12, 2024 | 8:14 pm

CISS

C3is shares are trading higher following the announcement of its agreement to acquire the Eco Spitfire bulk carrier for $16.19 million.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:11 pm

BYNO

byNordic Acquisition Corporation (BYNO), a NASDAQ-listed special purpose acquisition company, has extended its deadline to complete a business combination to May 12, 2024. This extension, funded by a $105,000 deposit into its Trust Account, is the third of up to six possible one-month extensions allowed by its board of directors without requiring another stockholder vote, as per the August 10, 2023 amendment to its Amended and Restated Certificate of Incorporation.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:11 pm