Streetbeat News

Acquisitions Mergers

HEPA

MIRA

RR

Market-Moving News for July 22nd includes Richtech Robotics completing the installation of ADAM at Ghost Kitchens in a Dawsonville, GA Walmart, MIRA Pharmaceuticals announcing promising preclinical study results for Ketamir-2, and Pharma Two B merging with Hepion Pharmaceuticals, which also announced a $2.9M private placement of non-convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:21 pm

ACN

Accenture has announced its plans to acquire Camelot Management Consultants to enhance its SAP and AI-driven supply chain capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:18 pm

ACN

Accenture (NYSE:ACN) has agreed to acquire Camelot Management Consultants, a German SAP-focused management and technology consulting firm. This acquisition will enhance Accenture's SAP and AI-driven supply chain capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:16 pm

HEPA

Pharma Two B is set to go public through a merger with Hepion Pharmaceuticals. Additionally, Hepion Pharmaceuticals announced a $2.9 million private placement of non-convertible senior notes to institutional investors.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:06 pm

VSTO

MNC Capital Partners has announced a $42 per share all-cash tender offer for Vista Outdoor Inc (NYSE:VSTO). MNC is committed to this offer and is willing to make the tender offer directly to Vista's shareholders if Vista approves.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:00 pm

KKR

TDIV

VOD

VWI

Vodafone Group Plc (NASDAQ:VOD) shares are trading higher in premarket after selling an additional 10% stake in Oak Holdings GmbH for €1.3 billion. This sale finalizes a 50:50 joint ownership structure with a consortium led by Global Infrastructure Partners and KKR & Co (NYSE:KKR). The proceeds will be used to reduce Vodafone’s debt, aligning with its leverage goals. Vodafone stock has lost about 8% in the last 12 months, but is up 1.11% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 11:50 am

APD

GCAD

HON

PPA

UAL

Honeywell International Inc. (HON) has been selected by United Airlines Holdings, Inc. (UAL) to supply advanced avionics for its new 737 MAX aircraft over the next decade. This includes 3D weather radar, 25-hour flight data recorders, and traffic avoidance systems. Honeywell's stock is trading slightly higher following the news. Additionally, Honeywell recently agreed to acquire Air Products And Chemicals, Inc.'s (APD) LNG process technology and equipment business for $1.81 billion. Investors can gain exposure to Honeywell via Gabelli Commercial Aerospace And Defense ETF (GCAD) and Invesco Aerospace & Defense ETF (PPA).

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 11:39 am

RTO

Rentokil shares are trading higher following a report suggesting former BT CEO Philip Jansen is in talks to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:27 am

RTO

Rentokil shares are trading higher premarket following a report that former BT CEO Philip Jansen is in talks to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:27 am

ERO

Ero Copper Corp. (NYSE:ERO) has signed a definitive earn-in agreement with Salobo Metais S.A, a subsidiary of Vale Base Metals Limited, to acquire a 60% interest in the Furnas Copper Project in Brazil.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:05 am