Streetbeat News

Assets

HP

Helmerich & Payne (NYSE: HP) has announced an agreement to acquire KCA Deutag for $1.9725 billion in cash. This acquisition will establish H&P as a global leader in onshore drilling, enhance its scale and diversification, and increase its rig count in the Middle East from 12 to 88. The deal is expected to be immediately accretive to cash flow and free cash flow per share, and H&P aims to maintain its high-quality investment grade credit rating.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:19 pm

MARA

Marathon Digital Holdings (MARA) has purchased $100 million worth of Bitcoin, bringing its total holdings to over 20,000 BTC.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:09 pm

BTCUSD

ETHUSD

SOLUSD

XRPUSD

John Deaton, a pro-cryptocurrency attorney running for Senate against Elizabeth Warren, holds 80% of his net worth in Bitcoin and other cryptocurrencies like Ethereum, Solana, and XRP. His campaign has received significant funding from the pro-cryptocurrency lobby, including $1 million donations from the Winklevoss twins and Ripple.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 11:30 am

GPI

Group 1 Automotive plans to offer $500 million of senior unsecured notes due in 2030.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:28 am

ELBM

Electra Battery Materials has signed an amendment to the Redcastle Property Agreement, extending its exploration expenditure commitments by two years to 2026 and 2028. The company's 2023 field program discovered a new copper surface showing, Malachite Hill Copper Showing, in the Idaho properties.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:12 am

ECVT

Ecovyst has announced a key equity investment of $4.5 million in materials science company Pajarito Powder. This strategic move aims to enhance Ecovyst's capabilities and market position in the materials science sector.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:10 am

FFWM

First Foundation reported a loan to deposit ratio of 93.8% as of June 30, 2024. This indicates a high level of lending activity relative to deposits, which could impact the bank's liquidity and risk profile.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:59 am

ATLC

Atlanticus has priced its underwritten registered public add-on offering of $55 million of its 9.25% senior notes due 2029 at a public offering price of $24.70 per additional note.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:08 am

NLST

Netlist has filed a $200 million mixed securities shelf registration, allowing the company to issue various types of securities over time. This move provides Netlist with the flexibility to raise capital as needed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:06 pm

CHDN

Churchill Downs Incorporated (CDI) announced an $80-$90 million renovation to the grandstand at Churchill Downs Racetrack. The project will update seating options and improve amenities, with construction starting in August and completion by May 2025.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:35 pm