Streetbeat News

Acquisitions Mergers

EMKR

MOBX

Mobix Labs has submitted a non-binding proposal to acquire EMCORE Corporation for $3.80 per share in cash, representing a 200% premium over EMCORE's current stock price. This acquisition aims to enhance Mobix Labs' competitive strength in the aerospace and defense sector.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:04 pm

T

DirecTV has finalized a merger with Dish Network, allowing AT&T to exit the pay-TV business by selling its 70% stake in DirecTV to TPG for $7.6 billion. The merger, expected to close in Q4 2025, will create a combined entity with 20 million subscribers, aiming to better compete with streaming services.

Portfolio Pulse from Benzinga Neuro

September 30, 2024 | 11:53 am

OR

Osisko Gold Royalties Ltd has secured a $50 million deal to acquire royalties on Spartan Resources' Dalgaranga Gold project in Western Australia. The project is poised for near-term production with significant geological potential, and Osisko expects a 12+ year mine life with low production costs.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:45 am

BWAY

BrainsWay Ltd. has secured a $20 million investment from Valor Equity Partners to expand its TMS technology. The investment will strengthen BrainsWay's balance sheet and strategic initiatives, while Valor gains board representation.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:34 am

MMC

Marsh McLennan (NYSE:MMC) is set to acquire McGriff Insurance Services for $7.75 billion, enhancing its capabilities in various insurance sectors. The deal is expected to close by year-end, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:31 am

TEX

Terex Corporation plans to raise $1.25 billion through a term loan and $750 million via senior notes to fund its acquisition of Dover Corporation's Environmental Solutions Group. The company is also amending its credit agreement to increase its revolving credit facilities.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:28 am

TTEC

TTEC Holdings, Inc. has received a proposal from its CEO, Kenneth Tuchman, to take the company private at $6.85 per share, a 69% premium over the current stock price. The proposal is non-binding and subject to various conditions, including financing and approval by a special committee and minority shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:07 am

SATS

T

TPG

DIRECTV is set to acquire EchoStar's video business, including DISH TV, in a $11.7 billion debt exchange deal. This move aims to create a stronger competitive force in the video industry, improve financial profiles, and enhance 5G network deployment. TPG will also acquire AT&T's 70% stake in DIRECTV.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:06 am

GOGO

Gogo has agreed to acquire Satcom Direct for $375 million in cash and 5 million shares of Gogo stock, with potential additional payments of up to $225 million. The acquisition is expected to be immediately accretive to earnings and free cash flow, with significant cost synergies anticipated.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:04 am

SITC

SITE Centers Corp. has sold 11 properties for $610 million, preparing for the spin-off of Curbline Properties Corp. Curbline will be capitalized with $800 million in cash and a $400 million line of credit, and will be listed on the NYSE under 'CURB'. SITE Centers shareholders will receive two shares of Curbline for each SITE share held.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:02 am