Streetbeat News

Assets

FRT

Federal Realty Investment Trust has acquired the Virginia Gateway Retail Center for $215 million. This acquisition is expected to enhance FRT's portfolio and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:12 pm

FLOKIUSD

FLOKI's price has surged by 16.47% in the past 24 hours, continuing a positive trend over the past week. Despite the price increase, trading volume has decreased by 24.0%, and the circulating supply has slightly decreased by 0.38%. FLOKI's market cap is currently ranked #50 at $2.71 billion.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 7:01 pm

BX

TAK

Blackstone Inc. (NYSE:BX) is considering selling its Japanese consumer healthcare firm Alinamin Pharmaceutical Co., which could be valued at approximately ¥300 billion ($1.9 billion). The sale is attracting interest from CVC Capital Partners, EQT AB (OTC:EQBBF), and MBK Partners. Other possibilities include an initial public offering. Blackstone acquired Alinamin from Takeda Pharmaceutical Company Limited (NYSE:TAK) in 2021 for ¥242 billion.

Portfolio Pulse from Akanksha Bakshi

June 03, 2024 | 3:28 pm

SPWR

SunPower Corp (NASDAQ:SPWR) shares are trading higher after the company announced a $50 million draw from its second lien term loan to support business operations. The company also issued warrants to Sol Holding and is working to finalize its restated financial filings.

Portfolio Pulse from Adam Eckert

June 03, 2024 | 2:59 pm

BTCUSD

ETHUSD

SST

State Street is rebuilding its digital assets team, indicating a renewed optimism about the future of cryptocurrencies. This move suggests that the financial services giant sees potential growth and opportunities in the crypto market.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:19 pm

CNS

Cohen & Steers, Inc. (NYSE: CNS) and DLC Management have jointly acquired a two-property open-air shopping center complex in Fayetteville, Arkansas. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:18 pm

SPWR

SunPower has drawn upon a $50 million second tranche of a $175 million second lien term loan from Sol Holding. This move is part of their ongoing financial strategy.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:09 pm

CPLP

Capital Product Partners L.P. (NASDAQ:CPLP) announces a $756 million investment in 10 new gas carriers, including dual fuel and liquid CO2 carriers, with deliveries expected between Q1 2026 and Q3 2027. This strategic expansion aims to enhance their gas transportation capabilities, focusing on energy transition.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:07 pm

GABC

German American Bancorp, Inc. (NASDAQ:GABC) has sold the assets of its subsidiary German American Insurance to Hilb Group for $40 million in an all-cash transaction. This sale results in a significant after-tax gain of approximately $27 million for GABC.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:59 pm

FYBR

Frontier Communications Parent, Inc. (NASDAQ:FYBR) plans to offer $750 million in secured fiber network revenue term notes, with repayment anticipated in May 2031. The proceeds will be used to repay existing debt and for general corporate purposes, including investments in fiber expansion and copper migration strategies.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:29 pm