Global Payments Inc (GPN) reported solid third-quarter earnings, exceeding revenue and earnings per share expectations. The company highlighted strong execution despite macroeconomic headwinds and announced the acquisition of AdvancedMD, a key move for its growth strategy. Global Payments also raised its full-year revenue and earnings guidance.
## Profire Energy (PFIE) Skyrockets 46% on CECO Environmental Acquisition Deal Profire Energy, Inc. (PFIE) shares experienced a dramatic surge […]
Decibel Cannabis Company Inc. has announced the acquisition of AgMedica Bioscience Ltd., a move that significantly expands its international footprint and positions the company for substantial growth in 2025. The acquisition, facilitated through a $6.3 million convertible debenture, grants Decibel access to AgMedica’s EU GMP certified facility, paving the way for global cannabis product exports. This strategic move aligns with Decibel’s vision for profitable expansion through synergistic acquisitions.
Healthcare Triangle, Inc. (HCTI) stock surged over 100% on Monday after the company announced the acquisition of cloud and technology assets from SecureKloud Technologies, Inc. The acquisition was facilitated through an asset transfer agreement, with Healthcare Triangle issuing 1.6 million shares of its Series B Preferred Stock to SecureKloud in exchange. The deal values the acquired assets at approximately $7.20 million, based on a share price of $4.50 for the Series B Preferred Stock.
Barnes Group, Inc. (B) reported a strong third quarter with revenue exceeding expectations, driven by booming demand in its Aerospace segment. The company’s Aerospace OEM backlog surged 19% sequentially, reflecting optimism for future industry growth. However, the company announced it will be acquired by Apollo Global Management in an all-cash deal valued at $3.6 billion, leading to the suspension of its financial guidance for the year.
Defense contractor L3Harris Technologies Inc. (LHX) saw its stock surge in pre-market trading after reporting strong third-quarter financial results that exceeded analysts’ expectations. The company’s revenue and earnings growth were driven by the acquisition of Aerojet Rocketdyne and a focus on digital transformation.
Keybanc Capital Markets analyst Brandon Nispel downgraded Verizon Communications (VZ) stock from Overweight to Sector Weight, citing concerns about limited EBITDA growth potential and the company’s acquisition of Frontier Communications. Nispel expects a decline in free cash flow and higher costs for growth, leading to a reduced outlook for the stock.
Ferrari N.V. has renewed its multi-year partnership with Shell PLC, covering its racing activities and the Ferrari Challenge Series. Meanwhile, Shell’s subsidiary has acquired a 609-megawatt power plant in Rhode Island, bolstering its position in the New England power market.
Lockheed Martin is poised for another strong quarter, with analysts predicting continued earnings beats and a surge in revenue driven by key acquisitions, new contracts, and promising growth in the space sector. The company’s recent performance and positive outlook have investors eagerly awaiting its third-quarter financial results.
Japanese steelmaker Nippon Steel has significantly increased its lobbying spending in Washington, seeking to secure its proposed $15 billion acquisition of U.S. Steel. The move comes amidst strong opposition from both Democrats and Republicans, who are concerned about the potential impact on American jobs and national security. Nippon Steel faces a challenging path to finalizing the deal, but its increased lobbying efforts demonstrate its commitment to pushing through the acquisition despite the obstacles.
