Streetbeat News

Acquisitions Mergers

SNCE

Science 37 has entered into a transaction with eMed, valued at approximately $38 million in equity value. This deal marks a significant event for Science 37, potentially impacting its financial and operational outlook.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:31 pm

SNCE

Science 37, a clinical trials company, is set to be acquired by eMed, a digital health company. The acquisition will likely result in the integration of Science 37's capabilities with eMed's platform, potentially enhancing eMed's service offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:30 pm

BP

EQNR

NGG

Equinor ASA (NYSE:EQNR) and National Grid PLC (NYSE:NGG) are among the energy companies that have submitted bids to the New York State Energy Research and Development Authority (NYSERDA) for three offshore wind projects. This comes after a challenging period in 2023 with canceled contracts due to inflation, interest rates, and supply chain issues. Equinor recently gained full ownership of Empire Wind and South Brooklyn Marine Terminal from BP PLC (NYSE:BP), enhancing its position in New York's clean energy drive. Equinor expects to begin construction in the first half of this year, with the first power expected in 2026 and commercial operation by 2027.

Portfolio Pulse from Lekha Gupta

January 29, 2024 | 12:18 pm

BOOM

DMC Global Inc. has initiated a strategic alternatives process for its DynaEnergetics and NobelClad businesses. This process could include a sale, merger, divestiture, or other options to enhance shareholder value. The company has not set a definitive timeline for the completion of this process.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:04 pm

EE

Excelerate Energy has entered into a 15-year agreement with QatarEnergy to purchase up to 1 million tonnes of LNG annually, to be delivered ex-ship in Bangladesh. This long-term deal secures a steady supply of LNG for Excelerate Energy, enhancing its position in the energy market and potentially impacting its stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:31 am

MGRC

WSC

WillScot Mobile Mini has agreed to acquire McGrath RentCorp for $3.8 billion, causing McGrath RentCorp's shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:20 am

MGRC

WSC

WillScot Mobile Mini (WSC) has agreed to acquire McGrath RentCorp (MGRC) for an enterprise value of $3.8 billion, which includes around $800 million of net debt. McGrath shareholders will have the option to receive either $123.00 in cash or 2.8211 WSC shares per MGRC share, representing a 10.1% premium over MGRC's closing price on January 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:03 am

GMDA

Gamida Cell is actively exploring strategic alternatives while prioritizing the commercialization of its FDA-approved cell therapy, Omisirge (omidubicel-onlv).

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:01 am

EE

Excelerate Energy Inc (NYSE:EE) has signed a 15-year LNG sale and purchase agreement with QatarEnergy to supply up to one million tons per annum of LNG to Bangladesh starting January 2026. The deal involves deliveries to floating storage and regasification units in Bangladesh, with volumes starting at 0.85 MTPA in 2026 and 2027, increasing to one MTPA from 2028 to 2040. This agreement follows a similar deal made with Petrobangla in November for the same time period. Excelerate's Q4 and full year 2023 results are expected on February 28, 2024. EE shares saw a slight increase of 0.52% to close at $15.54 on Friday.

Portfolio Pulse from Lekha Gupta

January 29, 2024 | 10:40 am

CCGDF

China plans to merge three state-owned bad debt asset managers with its sovereign wealth fund, China Investment Corp, to stabilize the capital markets and restore investor confidence. This follows a stock market drop due to financial risks in the real estate sector and a recent suspension of restricted share lending. The merger is part of Beijing's reform agenda and comes after the central bank's move to ease the cash crunch for developers. Despite efforts to reassure investors, concerns about China's economic health and potential banking system collapse remain.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 9:22 am