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Acquisitions Mergers

CLF

The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Cleveland-Cliffs' acquisition of Stelco has expired, clearing a regulatory hurdle. The sale is expected to close in Q4 2024 after other conditions are met.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:18 am

KTRA

Kintara Therapeutics has improved its EPS from $(9.27) to $(0.32) year-over-year and holds $4.9M in cash. The company is set to merge with TuHURA Biosciences, with the merger expected to complete in mid-October 2024. Kintara is also progressing with its REM-001 study, supported by a $2M NIH grant.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:16 am

APD

CARR

HON

Honeywell International plans to spin off its Advanced Materials unit into a separate publicly traded company, aiming to simplify its structure and boost flexibility. The spin-off, valued over $10 billion, is part of Honeywell's strategy to focus on automation, aviation, and energy transition. The move aligns with a trend among industrial conglomerates to streamline operations. Honeywell has been active in acquisitions and recently increased its dividend.

Portfolio Pulse from Vandana Singh

October 08, 2024 | 11:07 am

HON

Honeywell shares rise as the company announces plans to spin off its Advanced Materials business into a separate publicly traded entity.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:04 am

KKR

KKR has acquired The Parking Spot, a leading provider of near-airport parking operations in the U.S. The financial terms of the deal were not disclosed. The Parking Spot will continue to be led by its current management team.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:03 am

ARES

Ares Management has entered a definitive agreement to acquire GCP International and existing capital commitments to certain managed funds in a transaction valued at $3.7 billion. The deal includes $1.8 billion in cash and $1.9 billion in Ares Class A Common Shares, with long-term performance incentives. The transaction is expected to close in the first half of 2025.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:15 am

HON

Honeywell plans to spin off its Advanced Materials Business by 2025 or early 2026, which will not affect its FY24 guidance. The company is on track to exceed its $25 billion capital deployment goal by 2025, with $9 billion already spent on acquisitions in 2024.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:03 am

HON

Honeywell plans to spin off its Advanced Materials business into an independent, publicly traded company. The spin-off is expected to be tax-free for shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:01 am

ACCD

BHE

MRM

PEP

SAR

PepsiCo is expected to report earnings of $2.29 per share on $23.83 billion revenue. MEDIROM Healthcare acquired rehabilitation centers of Y's, Inc. Accolade is expected to post a loss of 44 cents per share. Benchmark Electronics appointed a new CFO. Saratoga Investment is expected to report earnings of 94 cents per share.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 7:02 am

PEP

PepsiCo is set to release its Q3 earnings on Oct. 8, with expected earnings of $2.30 per share and revenue of $23.85 billion. The company recently announced a $1.2 billion acquisition of Siete Foods. Analysts have adjusted their ratings and price targets for PepsiCo, reflecting mixed sentiments.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 6:52 am