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Acquisitions Mergers

APD

AXTA

BERY

NEM

USGO

The article highlights the top 5 materials stocks considered oversold based on their RSI values, indicating potential buying opportunities. Berry Global, Air Products and Chemicals, Axalta Coating Systems, Newmont Corporation, and U.S. GoldMining are featured for their recent financial results, strategic moves, and stock performance.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 12:49 pm

MCS

Marcus Hotels and Resorts, Hempel Real Estate, and Robinson Park Investments have formed a joint venture to acquire Loews Minneapolis Hotel. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:49 pm

ATMU

CMI

Cummins announced it will start an exchange offer to completely separate its remaining interest in Atmus Filtration Technologies. This follows Atmus' IPO in May 2023, where 19.5% of its stock was sold, leaving Cummins with 80.5%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:38 pm

BHIL

Benson Hill has retired its senior debt facility and sold its Creston, Iowa, soy processing business to White River Soy Processing for $72 million. This move could impact Benson Hill's financial stability and focus.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:23 pm

GTEC

Greenland Technologies has announced that its board has approved the spin-off of its drivetrain systems business, leading to the creation of a new, pure-play industrial electric vehicle (EV) company. This strategic move is aimed at enhancing shareholder value by allowing the new entity to focus solely on the burgeoning industrial EV market.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:19 pm

BALL

Ball Corporation announced the completion of the regulatory review process for the sale of Ball Aerospace, indicating that the transaction is moving forward without any regulatory hurdles.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:16 pm

MANU

Jim Ratcliffe and Trawlers Limited have extended their tender offer for up to 25% of the outstanding Class A shares of Manchester United (MANU) until February 16, 2024. The offer is subject to terms of the Transaction Agreement and may be further extended or terminated.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:16 pm

SUN

Sunoco LP has reaffirmed its 2024 Adjusted EBITDA guidance, projecting it to be between $975 million and $1 billion. This forecast does not take into account the potential impact of the pending acquisition of NuStar Energy L.P.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:15 pm

FAZE

GAME

GameSquare announced a special meeting of stockholders to vote on a merger plan with FaZe Holdings. This strategic move could significantly impact both companies' market positions and financial futures.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:15 pm

MLM

Martin Marietta (MLM) provided its FY24 revenue outlook, projecting $6.745B-$7.185B, below the $7.355B estimate. The guidance includes the AFS acquisition and the South Texas cement and related concrete operations divestiture but excludes the BWI Southeast acquisition. Adjusted EBITDA is expected to be $2.37 billion at the midpoint, considering all transactions as if they occurred on January 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:00 pm