Streetbeat News

Acquisitions Mergers

KVUE

Kenvue shares are experiencing an uptick in trading following reports that Starboard Value has acquired a stake in the company.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:37 am

ACTG

Acacia Research Corporation (NASDAQ:ACTG) has acquired Deflecto Acquisition, Inc. for $103.7 million to expand its industrial portfolio. Deflecto, a specialty manufacturer, is expected to generate $128-$136 million in revenue in 2024. The acquisition is anticipated to be accretive to Acacia's free cash flow and earnings per share.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:29 am

CI

Cigna Group shares are trading lower following reports of resumed merger discussions with Humana.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:24 am

CI

HUM

Humana shares are experiencing an uptick following reports that Cigna has resumed merger discussions with the company.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:24 am

BYON

KIRK

Beyond is investing $25M in Kirkland's through a combination of debt and equity to strengthen Kirkland's capital position and support growth. This includes a $17M term loan and an $8M stock purchase, with potential board influence for Beyond.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:15 am

CTLT

Catalent, Inc. (NYSE:CTLT) confirms its CEO will remain in position as Novo Holdings' acquisition nears completion. The acquisition is expected to close by the end of 2024, with Catalent continuing its operations and growth under Novo Holdings' ownership.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:03 am

VVI

Viad plans to change its corporate name to Pursuit and its NYSE ticker symbol to PRSU after selling GES. David Barry will become CEO of Pursuit, while Steve Moster will transition to an advisory role. GES and Pursuit will remain under Viad until the transaction is complete.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:59 am

VVI

Viad Corp has entered into a definitive agreement to sell its GES business to Truelink Capital for $535 million. The deal is expected to close by the end of 2024, pending regulatory approvals and customary conditions. This transaction will separate GES from Viad's Pursuit attractions and hospitality business.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:56 am

MET

MetLife is reportedly in discussions to acquire PineBridge's non-China assets for $1 billion to $1.15 billion. This potential acquisition could expand MetLife's asset management capabilities and geographic reach.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:55 am

PSN

Parsons Corporation has agreed to acquire BCC Engineering, LLC for $230 million in an all-cash transaction. BCC, a full-service engineering firm, will be integrated into Parsons' North America Infrastructure business unit. The acquisition aligns with Parsons' strategy of acquiring high-growth companies and is expected to be accretive to revenue growth and adjusted EBITDA margins.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:31 am