Streetbeat News

Assets

IHRT

iHeartMedia, Inc. expects to receive approximately $100M from the sale of Broadcast Music, Inc. to a group led by New Mountain Capital, LLC. The proceeds from iHeartMedia's equity interest in BMI will be used for general corporate purposes, potentially including debt repayment. The sale is subject to BMI shareholder and regulatory approvals and is expected to close by the end of Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:11 pm

LHX

L3Harris Technologies has entered into a definitive agreement to sell its Commercial Aviation Solutions business to The Jordan Company (TJC) for $800 million. This strategic divestiture will allow L3Harris to focus on its core business and potentially improve its financial metrics.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:10 pm

SPY

USA Building Permits for the month showed an increase of 1.8%, surpassing the estimated 1.1%. This is a significant improvement from the previous month's decline of 4.5%.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:01 pm

BAC

Bank of America (NYSE:BAC) has seen an 11.96% increase in short interest since its last report, with 70.96 million shares sold short, representing 1.03% of available shares. The short interest is higher than the peer group average of 0.80%. While this indicates more bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 1:00 pm

ARMN

Aris Mining has announced a significant increase in gold mineral reserves at its Segovia Operations, with a 75% increase to 1.3 million ounces. Additionally, the company plans to expand the Maria Dama processing plant's capacity from 2,000 to 3,000 tonnes per day. The expansion, leveraging an existing unutilized ball mill, is estimated to cost $11.0 million and is expected to be completed by early 2025.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 12:39 pm

SUM

Summit Materials' indirect subsidiaries plan to offer $800M in senior notes due 2031 to fund the acquisition of Argos North America from Cementos Argos.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 12:37 pm

BCS

Barclays is reportedly in discussions to acquire a mortgage book valued at £3 billion from Metro Bank, according to Sky News. This move could potentially expand Barclays' mortgage lending business in the UK.

Portfolio Pulse from Charles Gross

November 27, 2023 | 12:37 pm

CRON

Cronos Group's subsidiary has agreed to a sale and leaseback deal for its Peace Naturals Campus property in Canada with Future Farmco Canada. The transaction is valued at C$23 million.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 12:35 pm

ARMN

Aris Mining has reported a significant increase in its Segovia gold mineral reserves, with a 75% jump to 1.3 million ounces.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 12:11 pm

FXI

China's Central Bank has announced plans to replenish its monetary policy toolkit and is determined to fend off overshooting risks. Additionally, the bank aims to maintain a basically stable Yuan exchange rate, according to Reuters.

Portfolio Pulse from Charles Gross

November 27, 2023 | 12:10 pm