Streetbeat News

Acquisitions Mergers

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

AAPL

XIACF

Apple Inc. scales back its electric vehicle (EV) plans, while Chinese smartphone companies, notably Xiaomi Corp., are aggressively expanding into the EV market. Xiaomi's entry with the SU7 sedan has garnered significant investor interest, demonstrated by a 9% stock increase and nearly 90,000 orders within 24 hours. Huawei is also entering the EV space through partnerships. Apple's pivot to home robotics marks a strategic shift away from EVs, opening opportunities for companies like Xiaomi and Huawei.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 11:00 am

LRLCY

L'Oreal SA is reportedly considering acquiring a minority stake in the Omani luxury fragrance brand Amouage, which is valued at over €3 billion. Amouage, known for its high-end perfumes, reported retail sales exceeding $210 million in 2023. L'Oreal's shares closed lower by 2.28% at $90.94.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 10:30 am

AIZ

Assurant, Inc. (NYSE:AIZ) has acquired iSmash, the UK's leading tech repair retailer, specializing in express repair services for smartphones, tablets, and laptops. iSmash, founded in 2013, has expanded to 38 retail locations and employs 152 people across the UK. The terms of the acquisition were not disclosed.

Portfolio Pulse from Charles Gross

April 04, 2024 | 9:20 am