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Acquisitions Mergers

KIM

Kimco Realty has updated its FY23 outlook, raising its EPS guidance from $0.92-$0.95 to $0.96-$0.98 and maintaining its FFO per share guidance at $1.56-$1.57. The updated guidance does not include any additional impact from its pending merger with RPT. The company also updated its operational assumptions, including a higher same-property NOI growth and a lower credit loss.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 11:18 am

CNM

Core & Main has signed an agreement to acquire Enviroscape, although the terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 11:11 am

WEX

WEX has signed a definitive agreement to acquire Payzer for $250M, with an additional contingent consideration of up to $11M based on defined performance metrics. The transaction is expected to close before the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:37 am

TTE

TotalEnergies has signed agreements to acquire the entire share capital of Quadra Energy, a top renewable electricity production aggregator in Germany. The terms of the deal were not disclosed.

Portfolio Pulse from Charles Gross

October 26, 2023 | 8:26 am

STLA

Stellantis N.V. (OTC:STLA) has announced a $1.58 billion investment to acquire approximately 20% of Leapmotor, making it a strategic shareholder. The deal includes the creation of Leapmotor International, a joint venture led by Stellantis, which will oversee the manufacturing and sales of Leapmotor products outside Greater China. The partnership aims to boost Leapmotor's sales in China and significantly accelerate the brand’s sales in other regions, starting with Europe. The joint venture expects to begin shipments in the second half of 2024.

Portfolio Pulse from Benzinga Neuro

October 26, 2023 | 6:49 am

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GM

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The Southeast region of America is becoming a hub for electric vehicle and battery production, challenging Detroit's auto industry dominance. The region has attracted foreign auto and battery manufacturers due to substantial tax credits and environmental subsidies from the Inflation Reduction Act. Since 2010, the region has seen over $70 billion in EV and battery production investments, surpassing the Midwest’s $51 billion. The region's 'right-to-work' laws have also attracted investment. However, some experts suggest that the figures may be misleading as new plants in the southeast require more investment due to their greenfield status.

Portfolio Pulse from Benzinga Neuro

October 26, 2023 | 6:23 am

STLA

Stellantis N.V. plans to invest €1.5 billion to acquire approximately 20% of Leapmotor, making it a significant shareholder. The deal also includes the formation of Leapmotor International, a Stellantis-led joint venture with exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.

Portfolio Pulse from Charles Gross

October 25, 2023 | 11:12 pm

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Crypto startup Nocturne Labs has raised $6 million in seed funding, co-led by Bain Capital Crypto and Polychain Capital, with participation from Ethereum co-founder Vitalik Buterin and others. The company aims to bring private accounts to the Ethereum ecosystem, enabling anonymous transactions. The funding round started in January 2023 and ended in August 2023, with the protocol expected to launch on the Ethereum mainnet in November 2023.

Portfolio Pulse from Khyathi Dalal

October 25, 2023 | 10:09 pm

MITA

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Coliseum Acquisition Corp. (NASDAQ:MITAU, MITA, MITAW) has announced its fifth extension of the deadline to complete an initial business combination to November 25, 2023. This is the fifth of twelve potential one-month extensions available to the company. Berto LLC, an affiliate of Harry L. You, deposited $100,000 into Coliseum's trust account in connection with this extension.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:20 pm

EDR

Private equity firm Silver Lake is considering a take-private deal of Endeavor Group Holdings, Inc. (EDR).

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:03 pm