Streetbeat News

Acquisitions Mergers

MODG

Topgolf Callaway Brands Corp (NYSE:MODG) shares are rising following a report that the company is considering a sale, with a South Korean strategic investor potentially acquiring it for about $2.98 billion. This comes as TopGolf Callaway's market cap was approximately $2.64 billion as of the last close. The company plans to sell Callaway Golf and spin off its TopGolf subsidiary. Additionally, Topgolf Callaway's revenue has grown at an average rate of 31.33% annually over the past five years, with an average one-year price target from analysts at $17, indicating a 9.11% expected upside in 2025.

Portfolio Pulse from Adam Eckert

March 20, 2024 | 1:47 pm

UAVS

AgEagle Aerial Systems Inc. has announced the sale of 50 RedEdge-P Multispectral Sensors to the Greek Ministry of Agriculture. This sale is part of a tender award to a consortium that includes ALVO. The sensors are expected to enhance agricultural productivity and sustainability in Greece.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 1:37 pm

ALIT

Alight has announced an agreement to sell its Payroll & Professional Services business for up to $1.2 billion, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 1:36 pm

INTC

Intel Corp (NASDAQ:INTC) shares rose after signing a preliminary memorandum for up to $8.5 billion in funding under the CHIPS and Science Act for semiconductor projects. The deal includes options for federal loans up to $11 billion and potential tax credits for investments over $100 billion. This funding aims to bolster U.S. semiconductor innovation and supply chain resilience, with Intel planning significant job creation and multiple projects across states.

Portfolio Pulse from Adam Eckert

March 20, 2024 | 1:19 pm

GMGI

Golden Matrix stockholders have approved the acquisition of MeridianBet Group, a significant move that could potentially enhance Golden Matrix's market position and offerings.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 1:17 pm

TFFP

TFF Pharmaceuticals announced a strategic prioritization of its clinical programs, focusing on the development of Tacrolimus Inhalation Powder (TFF TAC) due to positive Phase 2 data and significant market potential in lung transplant medicine. The company is exploring strategic options for TFF VORI, including partnerships and grants, following positive Phase 2 study results and the Expanded Access Program. A clinical update on both TFF TAC and TFF VORI will be discussed on March 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 1:10 pm

MODG

Topgolf Callaway Brands' stock price has increased after a report by Chosun Daily indicated that the company is considering a sale.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:48 pm

ASTR

BA

NEOV

PEGY

SKIL

The article highlights the top 5 oversold industrials stocks based on their RSI values, indicating potential buying opportunities. Skillsoft, Pineapple Energy, Astra Space, Boeing, and NeoVolta are featured for their significant price drops and current undervaluation. Key developments such as financial results, private takeovers, failed audits, and revenue achievements are mentioned alongside their recent stock performance.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 12:47 pm

JAGX

GEN has entered into an agreement to commercialize Jaguar Health's Crofelemer in Turkey and eight neighboring countries. Additionally, GEN will invest $2M in Jaguar Health's stock at a 75% premium to the market price. The agreement also includes the payment of double-digit royalties to Jaguar on all Crofelemer products sold in the licensed territory.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:42 pm

PIXY

ShiftPixy, Inc. has committed to financing terms for $100 million to initiate a human capital rollup strategy. This move is aimed at consolidating its position in the human capital management sector by potentially acquiring smaller companies or assets that complement its existing services.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:40 pm