Streetbeat News

Acquisitions Mergers

FTV

Fortive Corporation announced plans to separate into two independent public companies by spinning off its Precision Technologies segment in a tax-free manner. This strategic move aims to enhance focus and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:32 pm

RLGT

Radiant Logistics has acquired Foundation Logistics & Services to enhance its capabilities in the oil and gas industry. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:29 pm

FLYX

SOAR

Volato has entered a strategic agreement with flyExclusive to manage fleet operations, aiming to reduce costs and focus on growth in aircraft sales and software. There are also potential merger discussions ongoing.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:27 pm

PFGC

Performance Food Group (PFGC) has announced the pricing of a $1 billion offering of 6.125% senior notes due 2032. The proceeds will be used to fund the acquisition of Cheney Brothers and related costs. The closing of this transaction is expected on September 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:25 pm

MODG

Topgolf Callaway Brands plans to separate into two independent companies: Callaway, focusing on golf equipment and active lifestyle, and Topgolf, a venue-based golf entertainment business. The spin-off is expected to be tax-free for shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:21 pm

CSWI

CSW Industrials has announced a public offering of 1 million shares of common stock, with an option for underwriters to purchase an additional 150,000 shares. The proceeds will be used for debt repayment and general corporate purposes, including potential acquisitions.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:20 pm

SON

Sonoco is considering strategic alternatives for its Thermoformed and Flexibles Packaging business as part of its efforts to simplify its portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:11 pm

PCTY

Paylocity has signed a definitive agreement to acquire Airbase Inc., marking its expansion into finance and spend management solutions. This move aims to enhance the integrated value for HR and finance leaders. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:10 pm

DOCU

Docusign Inc (NASDAQ:DOCU) is set to announce its Q2 earnings, with expectations of revenue growth and continued profitability improvements. Analysts anticipate revenue of $727.36 million and earnings of 80 cents per share. The company has a strong track record of beating estimates. Investors are keen on updates regarding AI integration and the Docusign Intelligent Agreement Management platform. The software sector, including Docusign, may see increased M&A activity.

Portfolio Pulse from Chris Katje

September 04, 2024 | 8:06 pm

NPSCY

X

President Biden is set to block Nippon Steel's $15 billion acquisition of U.S. Steel, citing the importance of keeping U.S. Steel domestically operated. The deal is under investigation by CFIUS, and U.S. Steel's shares fell over 20% on the news.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 6:50 pm