Streetbeat News

Acquisitions Mergers

CRYBF

CryptoBlox has completed the acquisition of Kaspa miners and signed a management services agreement, marking a strategic pivot towards Kaspa mining operations.

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November 14, 2024 | 11:15 am

EH

EHang Holdings Limited, a leading Urban Air Mobility technology company, has secured over $22 million in strategic investment from Zhuhai Enpower Electric Co. and a Middle Eastern institutional investor. The investment includes a 180-day lock-up period.

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November 14, 2024 | 11:15 am

GRUB

Just Eat Takeaway.com has sold Grubhub for $650 million, significantly less than the $7.3 billion it paid for the company three years ago.

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November 14, 2024 | 11:15 am

OVV

Ovintiv Inc. has announced a $2.377 billion acquisition of Montney assets from Paramount Resources, expanding its oil inventory and divesting Uinta assets for $2 billion. The transactions are expected to be accretive, with increased free cash flow and cost synergies.

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November 14, 2024 | 11:15 am

TMO

Thermo Fisher Scientific is positioned for growth with easing COVID-19 impacts, improving markets, and favorable funding. The company benefits from cost-saving initiatives and M&A synergies, with its stock trading at a discount compared to historical averages and peers.

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November 14, 2024 | 10:30 am

OXY

Occidental Petroleum is experiencing strong results due to strategic deals and transactions.

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November 14, 2024 | 10:30 am

FGROY

FirstGroup PLC announced a £50 million share buyback and upgraded its full-year forecasts, leading to a 4% rise in its stock. The company expects improved bus margins and growth in its UK rail operations.

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November 14, 2024 | 9:45 am

SVNDY

Jesper Koll from Monex Group suggests that Seven & i's founding family may take the company private with Itochu's help, and the deal could be finalized in weeks.

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November 14, 2024 | 8:00 am

CRSR

Corsair Gaming's Q3 results were weak due to low component sales, despite strong peripherals performance. The acquisition of Fanatec is seen as a strategic move with growth potential, but uncertainties remain about its margins. The stock has some upside but is within a margin of safety due to short-term uncertainties.

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November 14, 2024 | 7:00 am

XOM

SBM Offshore's Q3 2024 update highlights the sale of FPSO Prosperity to ExxonMobil Guyana Ltd, a contract with TotalEnergies, and increased financial guidance. The company also completed a sale to China Merchants Financial Leasing and is progressing with a share repurchase program.

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November 14, 2024 | 6:15 am