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T

DirecTV has finalized a merger with Dish Network, allowing AT&T to exit the pay-TV business by selling its 70% stake in DirecTV to TPG for $7.6 billion. The merger, expected to close in Q4 2025, will create a combined entity with 20 million subscribers, aiming to better compete with streaming services.

Portfolio Pulse from Benzinga Neuro

September 30, 2024 | 11:53 am

AMC

AMC Entertainment has entered into privately negotiated agreements to extinguish $152.9 million in unsecured debt between August 5, 2024, and September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:44 am

PRME

Prime Medicine is focusing its pipeline on high-value programs and streamlining expenses. It is seeking partnerships for other programs and has received $110 million from Bristol Myers Squibb, extending its cash runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:16 am

VZ

Vertical Bridge has secured exclusive rights to lease, operate, and manage 6,339 wireless towers from Verizon subsidiaries for approximately $3.3 billion. The deal includes a prepaid lease with $2.8 billion in cash upfront. Verizon will lease back capacity on the towers for 10 years, with options to extend up to 50 years.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:06 am

VSTS

Vestis has agreed to sell its 39% equity stake in Aramark Uniform Services Japan Corporation to Mitsui & Co., Ltd. for $37 million. The proceeds will be used for debt repayment, and the transaction is expected to close by October 2024.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:34 am

AIRE

reAlpha Tech has chosen Xmore AI as the first company to receive investment from its new reAlpha AI Labs R&D initiative. This marks a significant step in reAlpha's strategy to enhance its technological capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:13 am

BKD

Brookdale Senior Living is acquiring 41 communities from three triple-net lease portfolios for $610 million. This acquisition is expected to reduce 2025 cash lease payments by $47 million, improve 2025 Adjusted EBITDA by $33 million, and enhance 2025 Adjusted Free Cash Flow by $15 million. The acquisition will increase Brookdale's ownership to 66% of its consolidated units.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:04 am

BKD

DHC

Diversified Healthcare Trust (DHC) is selling 18 senior living communities to Brookdale Senior Living (BKD) for $135 million. The proceeds will be used to pay down $941 million in senior secured notes. The transaction is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 7:01 am

FXI

SPY

USO

The Dow Jones Industrial Average closed at a record high, driven by positive market sentiment. Oil prices increased due to uncertainty in the Middle East, while Bitcoin saw gains. Chinese stocks continued their upward trend.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:19 pm

OHI

Omega Healthcare Investors Inc has filed for a mixed shelf offering, as per their SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:10 pm