Streetbeat News

Acquisitions Mergers

FSV

FirstService Corporation's subsidiary, Century Fire Protection, has acquired Citadel Fire Sprinkler and Sentry Fire Protection. The financial terms of the acquisitions were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:35 am

INCY

Incyte has updated its 2024 financial guidance, raising the lower end of its Jakafi net product revenue forecast to $2.71B-$2.75B from the previous $2.69B-$2.75B. The company also updated its R&D expenses due to the acquisition of Escient Pharmaceuticals, while maintaining other revenue and expense guidance.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:11 am

CNSP

CNS Pharmaceuticals has expanded its pipeline by in-licensing a late-stage, novel potential blood-brain barrier permeable drug, Abeotaxane, for the treatment of brain malignancies.

Portfolio Pulse from charles@benzinga.com

July 30, 2024 | 11:05 am

MRK

Merck has revised its 2024 adjusted EPS guidance to $7.94-$8.04, down from the previous $8.53-$8.65 and below the consensus of $8.16. This revision includes one-time charges totaling $0.77 per share for the Harpoon and Eyebio acquisitions.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:35 am

ALK

HA

Alaska Airlines and Hawaiian Airlines have agreed with the Department of Justice (DoJ) to extend the review period for their merger until August 15, 2024. This extension follows their substantial compliance with the DoJ's request for additional information.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:18 am

PH

SK Capital Partners has acquired the North America Composites & Fuel Containment Division from Parker Hannifin for $350 million in annual sales.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:15 am

VSTO

Vista Outdoor is reviewing strategic alternatives, including a potential sale of Revelyst, engagement with MNC Capital for a possible acquisition, and a spin-off of Revelyst and The Kinetic Group. The special meeting for the CSG transaction is adjourned to September 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:04 am

BHP

CRIT

FLMMF

HAP

LUNMF

BHP Group Limited (NYSE:BHP) and Lundin Mining Corp. (OTC:LUNMF) have agreed to jointly acquire Filo Corp. (OTC:FLMMF) for C$4.1 billion. The acquisition includes a 32.2% premium over Filo's 30-day volume-weighted average price. BHP's shares are trading lower following the announcement. The deal is expected to close in Q1 2025, pending conditions.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 9:57 am

BHP

FLMMF

LUNMF

BHP and Lundin Mining are set to acquire Filo Corp for C$4.5 billion, offering C$33 per share in cash and Lundin Mining shares or a mix of both. The acquisition aims to develop Filo del Sol to its full potential, backed by two leading copper miners. Filo also announces a C$115 million private placement to BHP and Lundin Mining.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:28 am

CHRW

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has sold its European Surface Transportation business to sennder Technologies GmbH. The financial terms of the deal were not disclosed. This move aligns with C.H. Robinson's strategy to focus on profitable growth in its core modes: North American truckload and less-than-truckload, and global ocean and air.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:06 am