Streetbeat News

Acquisitions Mergers

CLVT

Silverchair has entered into a definitive agreement with Clarivate to acquire ScholarOne. The acquisition is expected to close in Q4 2024, pending customary closing conditions. Terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:32 am

CECO

PFIE

CECO Environmental has agreed to acquire Profire Energy in an all-cash transaction valued at $2.55 per share. The deal, approved by Profire's Board, values Profire at approximately $125 million in equity and $108 million in enterprise value.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:05 am

BP

BP expects slightly higher upstream production in 2024 compared to 2023, with divestments exceeding $3 billion. Growth is anticipated in convenience and Castrol, while refining margins are expected to be lower. BP completed acquisitions of BP Bunge Bioenergia and Lightsource BP.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 7:36 am

SATS

EchoStar has amended the terms of its note exchange with DISH Network ahead of its acquisition of DIRECTV. This amendment allows for the transfer of new secured notes.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 7:11 am

PLRZ

Polyrizon has announced a $4.2 million initial public offering, pricing 958,903 units at $4.38 per unit. The proceeds will be used for product development, debt repayment, and potential acquisitions.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:06 am

M

SIRI

WW

Sierra, an AI startup co-founded by Bret Taylor, has reached a $4.5 billion valuation after a successful funding round. This positions Sierra above established brands like Nikon and Macy's in terms of market capitalization. The company specializes in AI-powered customer service chatbots and serves clients such as WeightWatchers and SiriusXM.

Portfolio Pulse from Ananya Gairola

October 29, 2024 | 5:39 am

FMX

FEMSA has reached a definitive agreement with AMMI to divest its Plastics Solutions operations for 3.165 billion pesos, as part of its FEMSA Forward plan. The transaction is expected to close in the coming months.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:38 pm

WM

WM is on track to exceed its 2024 financial guidance, with expected revenue growth of 6% and adjusted operating EBITDA near the upper end of its range. The company has achieved strong revenue growth driven by pricing and increased landfill volumes. WM is also advancing its sustainability projects and acquisitions, including the planned acquisition of Stericycle.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:24 pm

DFH

Alliant National has entered into a definitive agreement to be acquired by Dream Finders Homes. The terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:17 pm

FDS

FactSet has agreed to acquire Irwin, a Toronto-based investor relations platform. The acquisition is expected to close in FactSet's first fiscal quarter of 2025 and is not anticipated to materially impact FactSet's fiscal 2025 results.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:32 pm