Streetbeat News

Acquisitions Mergers

NVEE

NV5 Global, Inc. has acquired CHW Professional Consultants, a provider of professional and technical consulting services. The terms of the acquisition were not disclosed. This strategic move is expected to enhance NV5's service offerings and market reach.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:16 pm

STRR

Star Equity Holdings, Inc. (NASDAQ: STRR) has announced a sale-leaseback transaction for its South Paris, Maine facility for $5.935 million. The facility will be leased back to KBS Builders, Inc., a wholly owned subsidiary of Star, for 20 years with an option to extend. The transaction is expected to close in Q1 2024 and is aimed at unlocking value for Star, allowing the company to reinvest in EBITDA-generating assets and acquisitions. The transaction will not affect KBS's operations.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:13 pm

LBAI

PFS

Lakeland Bancorp and Provident Financial have mutually agreed to extend the deadline for their merger until March 31. This extension indicates that both parties are still working towards finalizing the merger but need additional time to complete the process.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:11 pm

SPEC

Spectaire Holdings Inc. (NASDAQ:SPEC) has expanded its strategic distribution agreement with MLab, a partner of Namoa Digital, to introduce the AireCore emissions measurement system to Brazil's trucking market. This move addresses Brazil's national emissions crisis and the enforcement of Proconve 8 standards, which align with Euro VI specifications. The AireCore system enables up to 70% emissions reductions, allowing companies with well-maintained trucks to profit from emissions management. Currently, Brazil has over 2 million heavy-duty diesel trucks, with only 850 being electric or natural gas-powered, a figure projected to reach only 1450 by 2030.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:03 pm

SMHI

SEACOR Marine has announced its intention to acquire four advanced energy storage systems from Kongsberg Maritime AS. These systems are state-of-the-art and represent a strategic investment in SEACOR Marine's capabilities in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:57 pm

M

Macy's, the iconic department store chain, may receive a takeover bid from private equity firm Sycamore Partners amidst declining sales and recent job cuts. The potential acquisition could signal a significant change in the company's operations and ownership structure.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:50 pm

ARAY

Accuray Incorporated announced that Providence Swedish Radiosurgery Center in Seattle is upgrading its cancer treatment capabilities by acquiring the new CyberKnife S7 System. This purchase reflects the center's commitment to providing advanced cancer treatment options.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:37 pm

BRKR

Bruker Corporation has entered into a definitive agreement to acquire Chemspeed Technologies, a Swiss company specializing in automated laboratory R&D and QC workflow solutions. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:09 pm

NOK

Nokia Corporation (NYSE:NOK) anticipates growth in its network infrastructure business in H2 2023, alongside a €600 million share buyback over two years. Despite a challenging 2023 with lower net income and revenue, and ongoing patent litigation, Nokia forecasts a 2024 adjusted operating profit of €2.3-2.9 billion. CEO Pekka Lundmark acknowledges the tough environment may continue into early 2024. Nokia recently settled a patent dispute with Oppo and is close to resolving another. However, shares have fallen 25% over the past year.

Portfolio Pulse from Ananya Gairola

January 25, 2024 | 12:09 pm

BW

Babcock & Wilcox Enterprises (BW) has secured contracts from Cypress Creek Renewables to construct three utility-scale photovoltaic solar power installations totaling 75 megawatts in Western Pennsylvania. This move signifies BW's expansion into the renewable energy sector and may positively influence investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:41 am