Streetbeat News

Acquisitions Mergers

CPK

NEE

NextEra Energy Inc's shares continue to fall following the company's announcement of selling Florida City Gas to Chesapeake Utilities Corp and lowering its limited partner distribution per unit growth rate. Several analysts have cut price targets for the company, with Goldman Sachs reducing its price target from $83 to $71.

Portfolio Pulse from Adam Eckert

October 02, 2023 | 9:19 pm

CSV

Park Lawn has withdrawn its offer to purchase Carriage Services and does not intend to comment further on its withdrawal from Carriage's strategic review process.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 9:08 pm

DLA

Delta Apparel, Inc. (AMEX:DLA) shares traded higher in after-hours session following the announcement of an unsolicited offer to purchase its Salt Life business. The company's Board of Directors has engaged Baird as its financial advisor to review strategic options for the Salt Life business. The decision regarding the potential transaction remains subject to approval by the Delta Apparel Board of Directors.

Portfolio Pulse from Ryan Gustafson

October 02, 2023 | 9:00 pm

RYI

Ryerson Holding Corporation has acquired Norlen, a full-service metal fabricator based in Schofield, Wisconsin. Norlen provides stamping, machining, painting, and additional value-added fabrication services to various industries including agriculture, HVAC, and defense. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:53 pm

FOUR

Shift4 Payments has agreed to acquire assets related to SpotOn's Sports and Entertainment division, formerly known as Appetize, for approximately $100M in cash. The acquisition includes customer relationships, certain technology assets, and a portion of the SpotOn employee base. Shift4 expects an immaterial financial contribution in 2023, with an increase in 2024 as Appetize's revenue and operating models are aligned with Shift4's.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:43 pm

RLGT

Radiant Logistics has acquired the operations of Daleray Corporation. The terms of the deal were not disclosed.

Portfolio Pulse from Bill Haddad

October 02, 2023 | 8:39 pm

DLA

Delta Apparel (DLA) has received an unsolicited offer to purchase its Salt Life business, which has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:31 pm

ESRT

Empire State Realty Trust (ESRT) has acquired two properties in Williamsburg, Brooklyn for an aggregate purchase price of $26.4 million.

Portfolio Pulse from Bill Haddad

October 02, 2023 | 8:16 pm

DLA

Delta Apparel has received an unsolicited offer to purchase its Salt Life business. The terms of the offer have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:08 pm

OKE

Scotiabank analyst Tristan J. Richardson upgraded ONEOK Inc (NYSE:OKE) to Sector Outperform from Sector Perform, raising the price target to $78 from $74. The upgrade follows ONEOK's recent acquisition of Magellan Midstream Partners for $18.8 billion. The analyst projects ONEOK to generate around 50% of FY24 EBITDA from stable cash flow businesses and expects a 6% dividend increase in FY24. Despite the positive outlook, OKE shares are trading lower by 2.14% at $62.08.

Portfolio Pulse from Lekha Gupta

October 02, 2023 | 6:28 pm