Streetbeat News

Acquisitions Mergers

LEVI

Levi Strauss & Co shares declined following disappointing Q3 sales results and a FY24 adjusted EPS guidance midpoint below estimates. The company is reviewing strategic options for its Dockers brand, including a potential sale.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:39 am

GDTC

CytoMed Therapeutics has acquired the license and assets of Cellsafe International, a Malaysian cord blood bank. This acquisition includes a cord blood banking license, cryopreservation equipment, and real estate, enhancing CytoMed's cell therapy strategy.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:34 am

DM

NNDM

Desktop Metal stockholders have approved a merger with Nano Dimension, with the transaction expected to close in Q4 2024 pending regulatory approvals. 60% of outstanding DM shares voted, with over 96% in favor.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:32 am

DTI

Drilling Tools International (DTI) has completed the acquisition of European Drilling Projects (Ed Projects), a company specializing in next-generation stabilizers, specialty reamers, and wellbore optimization technology. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:31 am

PLYM

Plymouth Industrial REIT reported strong leasing and acquisition activity for Q3 2024, with significant increases in rental rates and high occupancy levels. The company also completed a major acquisition and a property sale.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:21 am

THR

Thermon Group Holdings, Inc. has acquired Italy-based F.A.T.I., a manufacturer of electric heaters for industrial applications, for 12.5 million euros. The acquisition was funded with cash on hand.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:10 am

JBL

Jabil has acquired Mikros Technologies LLC to enhance its capabilities in managing thermal requirements for current and future products, focusing on sustainability and cost efficiency. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:05 am

GNL

Bellevue Capital Partners has acquired an additional 100,000 shares of Global Net Lease (GNL), expressing satisfaction with GNL's strategic asset disposition plan, which includes $854 million in asset sales at a 7.2% cap rate.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:03 am

NRXP

Hope Therapeutics and a subsidiary of NRx Pharmaceuticals have signed a non-binding letter of intent to acquire West Coast Interventional Psychiatric Clinic. The acquisition is expected to be immediately accretive to revenue and EBITDA for both HOPE and NRx. Deal terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 10:57 am

GPUS

Hyperscale Data Subsidiary has signed a Purchase and Sale Agreement to sell its St. Petersburg development property to a large New York-based real estate firm. This move is part of its reorganization efforts to focus on a pure-play data center business. The sale is expected to close by the end of 2024, pending due diligence.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 10:41 am