Streetbeat News

Acquisitions Mergers

MSFT

Microsoft is investing $2.7 billion in Brazil to develop the AI ecosystem, marking its largest commitment in the country. This move contrasts with Elon Musk's companies facing legal challenges in Brazil.

Portfolio Pulse from Ananya Gairola

September 27, 2024 | 3:04 am

CHK

ENSG

SWN

Ensign Group will join the S&P MidCap 400, replacing Southwestern Energy, as Chesapeake Energy acquires Southwestern Energy. This change is effective prior to the opening of trading on October 1.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:39 pm

ALRS

HMNF

Alerus Financial has received all necessary regulatory approvals to complete its acquisition of HMN Financial.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:21 pm

ARES

Ares Management Corporation (NYSE:ARES) is set to acquire Walton Street Mexico, a leading industrial real estate asset management platform with $2.11 billion in assets under management. This acquisition will enhance Ares' real estate capabilities and expand its reach in the North American industrial market.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:17 pm

VMC

Vulcan Materials Company (VMC) is set to acquire Wake Stone, although the terms of the deal have not been disclosed. This acquisition could potentially expand Vulcan's operations and market presence.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:16 pm

GGG

Graco Inc. has signed a definitive agreement to acquire Corob S.p.A for €230 million, with an additional contingent consideration of up to €30 million. Corob reported €110 million in revenue for Q4. The transaction is expected to close in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:14 pm

GDYN

Grid Dynamics has acquired JUXT to enhance its expertise in banking and financial services, particularly in Europe. This move is part of Grid Dynamics' strategy to expand its global presence.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:10 pm

MCRB

Seres Therapeutics' stockholders have approved the sale of its VOWST business to Nestlé Health Science, with the transaction expected to close on September 30, 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:03 pm

ACAC

FOXX

Foxx Development Holdings Inc. has completed its business combination with Acri Capital Acquisition Corporation and will start trading on Nasdaq under the ticker symbols 'FOXX' and 'FOXXW'.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:01 pm

KKR

KKR is selling GeoStabilization International to Leonard Green & Partners. The sale will result in significant cash payouts for GSI's 900+ employee owners, with the longest-tenured hourly employees receiving over $325,000 each. The financial terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 7:42 pm