Streetbeat News

Acquisitions Mergers

OLLI

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has successfully acquired seven former Big Lots store leases through a bankruptcy auction. Six of these leases have received final court approval, while the seventh awaits approval.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:36 am

EMKR

EMCORE has received a non-binding proposal from Mobix Labs to acquire the company at $3.80 per share in cash. The Board of Directors is evaluating various strategic and financial options to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:31 am

MRX

Marex Group Plc (NASDAQ:MRX) has acquired Dropet, a Spanish biofuels company, to expand its renewables product range and enhance its global environmental products business. This acquisition aligns with Marex's strategy to diversify and increase earnings resilience.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:10 am

BNOX

Bionomics Limited plans to re-domicile from Australia to the US, creating a new parent company, Neuphoria Therapeutics Inc., which will be listed on Nasdaq. This move requires shareholder and regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:37 am

CURB

SITC

Curbline Properties Corp. has completed its spin-off from SITE Centers Corp. and is now trading independently on the NYSE under the ticker 'CURB'. The company focuses on convenience shopping centers in affluent suburban areas and plans to operate as a REIT.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:35 am

PINC

Premier, Inc. has entered a partnership with Prestige Ameritech, exchanging its holdings in S2S Global for a 20% minority interest in Prestige. This increases Premier's total ownership in Prestige to approximately 24.2%.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:32 am

GPI

Group 1 Automotive has acquired Soper of Lincoln BMW/MINI, expected to generate $125 million in annual revenues. This adds to their $3.9 billion in acquired revenues for 2024, following $1.1 billion in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:28 am

HLN

PFE

Pfizer has divested a $3.3 billion stake in Haleon, reducing its holding from 22.6% to 15%. Despite the sale, Pfizer remains Haleon's largest shareholder. This move follows Pfizer's recent challenges, including the withdrawal of its sickle cell treatment Oxbryta. Pfizer's stock showed a slight pre-market gain, while Haleon's stock has risen significantly this year.

Portfolio Pulse from Kaustubh Bagalkote

October 01, 2024 | 10:25 am

AYI

CCL

EMKR

MKC

NKE

The S&P 500 recorded its first positive September since 2019, with a 2% gain, amid improving investor sentiment as the CNN Money Fear and Greed index moved to 'Extreme Greed'. Carnival Corporation reported better-than-expected earnings, and EMCORE Corporation's shares surged 83% following an acquisition offer. Investors are awaiting earnings from Acuity Brands, McCormick & Company, and NIKE.

Portfolio Pulse from Avi Kapoor

October 01, 2024 | 7:35 am

GFR

Greenfire Resources Ltd. faces a critical hearing with the Alberta Securities Commission regarding its shareholder rights plan amid a takeover bid by Waterous Energy Fund. Former directors Julian McIntyre and Venkat Siva have resigned.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:03 am