Streetbeat News

Acquisitions Mergers

BYON

KIRK

Beyond Inc. has acquired a 19.9% stake in Kirkland's through a $17 million debt financing deal. Beyond Inc. has the option to convert this debt into equity at $1.85 per share and can appoint two directors to Kirkland's board.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:05 pm

EQT

RPD

Cybersecurity firm Rapid7 is exploring a potential sale due to buyout interest from private equity firms Advent, Bain, and EQT. The company is also facing pressure from activist investor Jana Partners.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 7:37 pm

BA

GCAD

MISL

Boeing has secured an order for 10 new 787 Dreamliners from LATAM Airlines, with options for five more. This order strengthens LATAM's fleet and supports Boeing's growth in Latin America. Boeing also announced public offerings to raise funds for corporate purposes.

Portfolio Pulse from Lekha Gupta

October 28, 2024 | 6:35 pm

AON

Aon is reportedly in advanced talks to acquire Griffiths & Armour for approximately £350 million. This acquisition could strengthen Aon's position in the insurance brokerage market.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 5:27 pm

NXST

Nexstar Media Group is set to acquire WBNX-TV/TV55 in Cleveland, creating a duopoly in the 19th largest US TV market. The station will become a CW affiliate in 2025. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 5:25 pm

EXPI

eXp Realty, a subsidiary of eXp World Holdings, Inc. (NASDAQ:EXPI), is expanding into Türkiye, Peru, and Egypt by 2025. This move aims to strengthen its global presence, bringing its agent-centric model and cloud-based platform to these markets.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 5:24 pm

HCTI

Healthcare Triangle, Inc. (NASDAQ:HCTI) shares surged over 100% after acquiring cloud and technology assets from SecureKloud Technologies. The acquisition was made through an Asset Transfer Agreement, with Healthcare Triangle issuing 1.6 million Series B Preferred Stock shares, convertible into common shares. The assets are valued at $7.20 million. The stock is trading on unusually high volume.

Portfolio Pulse from Dylan Berman

October 28, 2024 | 4:09 pm

AMIX

BORR

CX

EVOK

HCTI

ON

PHG

U.S. stocks rose with the Dow Jones gaining over 200 points. ON Semiconductor reported better-than-expected earnings despite a revenue decline. Autonomix Medical shares surged after positive clinical trial results. Healthcare Triangle shares soared following an acquisition. Evoke Pharma shares increased due to positive data presentation. Meanwhile, Koninklijke Philips shares fell after missing earnings estimates and revising its outlook. Borr Drilling and CEMEX shares also declined following weak financial results.

Portfolio Pulse from Avi Kapoor

October 28, 2024 | 4:06 pm

BABA

Chinese fund manager Zhang Kun has made Alibaba Group Holding a key part of his portfolio, driven by recent economic measures in China and Alibaba's strong stock performance. Zhang's E Fund Blue Chip Selected Mixed Fund now holds 9.1% in Alibaba shares, reflecting confidence in the tech giant ahead of its upcoming earnings report and Singles Day event.

Portfolio Pulse from Anusuya Lahiri

October 28, 2024 | 3:57 pm

TTGT

TechTarget has scheduled a special meeting on November 26, 2024, for shareholders to vote on a proposed strategic combination with Informa Tech's digital businesses. The SEC has declared the Form S-4 registration statement effective.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:30 pm