Streetbeat News

Assets

APO

Apollo Global Management is acquiring Dutch equipment leasing company Beequip from NIBC to expand its European equipment finance platform. Beequip, with a portfolio of €1.4 billion, will enhance Apollo's strategy in secured credit generation.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 9:05 am

AGI

Alamos Gold has announced a high-return development plan for the Puerto Del Aire (PDA) project, with a 46% after-tax IRR and significant exploration upside. The project aims to produce an average of 127,000 ounces of gold annually over the first four years, with low costs and a mine life extended to 2035. The project is expected to be internally funded and has a low execution risk due to its location within existing operations.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:27 am

STT

State Street has been selected by Challenger to manage custody and investment administration for a multi-billion-dollar portfolio. This partnership highlights State Street's capabilities and strengthens its position as a leading provider in the region.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:11 am

ALTM

Arcadium Lithium has decided to halt Stage 4A waste stripping at its Mt Cattlin site, transitioning it to care and maintenance by mid-2025. This move is expected to increase net cash flow by USD 75 to 100 million in 2024 and 2025. The company is exploring underground mining to potentially extend the mine's life.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:05 am

SHOT

Safety Shot's President, Jordan Schur, has invested $3.4 million in the company through his family investment group, Core 4 Capital, via a private placement.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:29 pm

T

AT&T is progressing on its sustainable growth strategy, maintaining its 2024 capital investment forecast at $21-22 billion for 5G and fiber. The company aims for $2 billion+ in cost savings by mid-2026 and targets a net-debt to adjusted EBITDA ratio of 2.5x by early 2025.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:09 pm

SNAP

Market whales have shown a bullish stance on Snap (NYSE:SNAP) options, with 60% of trades being bullish. The major market movers are focusing on a price band between $5.0 and $15.0. Snap's current trading volume is 17,394,641, with a price of $8.8, down by 0.69%.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 8:45 pm

GEF

Greif has opened a new facility in Pasir Gudang, Johor, Malaysia, which is expected to enhance its production capabilities and expand its market presence in the region.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:33 pm

M

Macy's Retail Holdings, a subsidiary of Macy's, has initiated a $220 million cash tender offer to purchase outstanding notes, prioritizing them as listed.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:31 pm

LQDT

Liquidity Services has been chosen by an oil and gas exploration and production company to sell over 30 rigs and associated surplus assets in West Texas. This selection highlights Liquidity Services' role in asset management within the oil and gas sector.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:25 pm