Streetbeat News

Acquisitions Mergers

AMD

ARKQ

ARKX

NVDA

Cathie Wood's Ark Invest has purchased 3,000 shares of AMD through its ARKQ and ARKX ETFs, amidst a competitive semiconductor landscape. AMD is showing resilience, with a focus on AI and data center growth, while Nvidia remains a dominant player.

Portfolio Pulse from Benzinga Neuro

October 10, 2024 | 1:41 am

BIP

BIPC

Brookfield Infrastructure Partners and Brookfield Infrastructure have announced plans to complete a reorganization. This will result in BIPC shareholders owning a security with equivalent economic benefits and governance. The reorganization is expected to be tax-deferred for most investors, including those in Canada and the U.S.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 9:45 pm

CNM

Core & Main has agreed to acquire substantially all assets of ARGCO Northeast LLC, a distributor of fire protection products. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:52 pm

CNM

Core & Main Inc. (NYSE:CNM) has signed an agreement to acquire Eastcom Associates Inc., a distributor of underground utility protection equipment. The acquisition aims to enhance Core & Main's infrastructure services. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:19 pm

PGRU

PropertyGuru shareholders have approved a merger agreement with Hedychium Group. The merger is expected to close in Q4 2024 or Q1 2025, after which PropertyGuru will become a private company.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:17 pm

BLMZ

BloomZ has been chosen as the primary animation production contractor for a new project, acquiring rights to the opening music, overseas distribution, and commercialization. The company plans to expand into the global animation market through strategic alliances and diversified revenue streams.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:07 pm

BLK

BlackRock Inc. is reportedly exploring the purchase of HPS Investment Partners, which would enhance its position in the private-credit market.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 7:27 pm

CBSTF

CRLBF

Cresco Labs CEO Charlie Bachtell discusses the challenges and strategies in the cannabis industry, emphasizing the need for efficiency and adaptability. Cresco Labs is focusing on its core business and preparing for potential regulatory shifts in states like Florida, Ohio, and Pennsylvania.

Portfolio Pulse from Jelena Martinovic

October 09, 2024 | 7:05 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares rose by 11.5% after the company received a 10% stake in Grow Fandor, previously held by its founder YT Jia. This move indicates potential collaborations between the two companies.

Portfolio Pulse from Dylan Berman

October 09, 2024 | 5:41 pm

SKYX

SKYX Technologies announced a $11M preferred stock investment, including $500K from President Steve Schmidt. The company aims to be cash flow positive by 2025, with Q2 2024 sales of $21.4M. SKYX is pursuing strategic collaborations to enhance growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 3:56 pm