Streetbeat News

Acquisitions Mergers

PIXY

ShiftPixy has acquired TurboScale in a $150 million deal, which is structured with $75 million in stock and $75 million in debt.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:06 pm

GAME

GameSquare Holdings, Inc. (NASDAQ:GAME) announced preliminary Q3 2024 revenue of $26.5M and increased its 2024 annual proforma revenue guidance to $105M-$110M. The company reported a significant improvement in adjusted EBITDA loss and expects further profitability improvements due to strategic initiatives and cost savings from the FaZe Clan acquisition.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:06 pm

PRPH

ProPhase Labs has announced strategic updates, projecting Pharmaloz Manufacturing's 2025 revenue at $16-17M and pre-tax earnings at $6-7M. The company targets a sale of PMI in early 2025 valued over $40M and is in talks for a strategic partnership for its BE-Smart Esophageal Cancer Test, with potential upfront payments of $30-50M.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:03 pm

MAN

ManpowerGroup has agreed to sell its South Korea business, which will now operate as a Manpower franchise.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:38 am

PPG

PPG Industries has announced the sale of its Architectural Coatings business in the US and Canada to American Industrial Partners for $550 million. The transaction is expected to close in late 2024 or early 2025, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 11:06 am

CIM

Chimera Investment announced that its transaction with Palisades is expected to expand its residential credit reach and positively impact earnings by 2025.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:42 am

CIM

Chimera Investment Corporation has agreed to acquire Palisades for $30 million in cash, with an additional potential earnout of up to $20 million over five years, contingent on financial targets. Jack Macdowell, Jr. will become Chimera's Chief Investment Officer.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:42 am

DOOO

BRP Inc. has started the sale process for its marine businesses, expecting completion by Q1 2026. The company does not anticipate any impact on its FY25 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:34 am

GOLQ

NIXX

Nixxy is updating its strategy to acquire businesses in traditional markets, focusing on those with stable operations and profitability. The company aims to enhance these businesses with technology and data analytics, leveraging a licensing agreement with GoLogiq's Radix AI platform. Nixxy targets an enterprise value of over $1 billion in three years.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 10:04 am