Streetbeat News

Acquisitions Mergers

BRO

Brown & Brown Europe has acquired 100% of the share capital of Berkeley Insurance Group. This is the first broking acquisition by Brown & Brown in the UK since its rebranding from Global Risk Partners Ltd in September 2023. Berkeley will become part of Brown & Brown's UK Retail Division, with all staff moving to the new arrangement. The Berkeley brand will remain and the business will continue to trade from its current offices.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:58 pm

CMBM

NBTX

ORTX

SP

VINO

WNW

U.S. stocks traded lower following the release of economic reports. The Dow, NASDAQ, and S&P 500 all fell. U.S. initial jobless claims rose by 2,000 to 207,000. Orchard Therapeutics, Meiwu Technology, and SP Plus Corporation saw significant stock increases, while Cambium Networks, Gaucho Group Holdings, and Nanobiotix experienced drops. The U.S. trade gap shrank to $58.3 billion in August, the lowest since Sept. 2020.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 1:44 pm

ESMT

Private equity firm General Atlantic is reportedly considering a sale of EngageSmart Inc, a payments software vendor with a market value of $3.2 billion.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:42 pm

CTAS

Cintas Corporation has acquired North Carolina's Rental Uniform Service, expanding its business services in the Carolinas. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:37 pm

HOLI

A buyer consortium led by Recco Control Technology and Dazheng Group has reiterated its all-cash offer of $25 per share for Hollysys. This follows Hollysys' announcement of a formal sale process.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 1:17 pm

EURN

Euronav NV is considering a transaction that would terminate its pending arbitration action against Frontline and its affiliates, conditional to a share sale.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:17 pm

EURN

Euronav NV is in advanced discussions to sell 24 VLCC tankers from its fleet to Frontline for $2.35 billion. However, there is no certainty that these discussions will lead to an agreement.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:16 pm

EURN

Euronav NV has confirmed that Frontline and CMB NV are in discussions about a strategic solution to a deadlock in Euronav. The solution would involve CMB acquiring Frontline's 26.12% stake in Euronav for $18.43 per share, followed by a public mandatory offer.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:15 pm

EURN

Euronav NV has responded to media reports and share suspension, acknowledging speculation about a possible transaction involving two of its largest shareholders, Frontline Plc and CMB NV.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:13 pm

DEA

Easterly Government Properties has acquired a 97,969 square foot Department of Homeland Security facility in Atlanta, Georgia. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:13 pm