Streetbeat News

Acquisitions Mergers

MEG

Montrose Environmental Group has acquired Origins Laboratory, LLC, a NELAP-certified environmental testing laboratory. Origins will be integrated into Montrose's Measurement and Analysis Segment, operating under Enthalpy Analytical, LLC.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:41 am

SIRI

Sirius XM Holdings Inc. has become an independent, publicly traded company following its transaction with Liberty Media. Its common stock will trade on Nasdaq under the ticker symbol 'SIRI' starting September 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:24 am

VSTO

Vista Outdoor is engaging with MNC Capital as part of its strategic review and has adjourned its special stockholders meeting to September 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:22 am

TEX

Terex's proposed acquisition of Environmental Solutions Group has cleared the antitrust waiting period under the HSR Act. The deal is expected to close later this year, pending customary non-regulatory conditions.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:17 am

GOOGL

IYF

PLTR

XOM

On CNBC's 'Final Trades,' experts discussed various stocks. iShares U.S. Financials ETF was highlighted by Shannon Saccocia. Exxon Mobil withdrew from a potential acquisition in Namibia. Alphabet faces scrutiny from the UK's CMA over ad tech practices. Palantir Technologies was added to the S&P 500, boosting its stock price.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 10:33 am

UPS

UPS has announced its agreement to acquire healthcare logistics providers Frigo-Trans and BPL. This acquisition aims to enhance UPS's capabilities in Europe for temperature-sensitive and time-critical logistics. The deal is expected to close in Q1 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 10:32 am

ACN

Accenture, through Accenture Ventures, has invested in financial technology company EMTECH to aid in transforming central banks' financial and technology infrastructure. The terms of the investment were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 10:00 am

RXO

RXO has announced an upsized public offering of $500 million in common stock to finance its acquisition of Coyote Logistics. The offering is priced at $26 per share and is expected to close on September 11, 2024. The acquisition is expected to be completed by September 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:55 am

BIG

OLLI

Big Lots' Chapter 11 bankruptcy filing presents a growth opportunity for Ollie's Bargain Outlet. Big Lots plans to sell its assets and close some stores, which could allow Ollie's to expand its store count and market share. Analyst Matthew Boss suggests Ollie's could benefit from Big Lots' store closures, potentially increasing its store count by 13.5% in the coming years.

Portfolio Pulse from Michael Juliano

September 09, 2024 | 10:50 pm

FWONA

SIRI

Liberty Media and Sirius XM have completed their split-off and merger, resulting in Sirius XM becoming an independent public company. Sirius XM will trade under the symbol 'SIRI' on the Nasdaq starting September 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:04 pm