Streetbeat News

Acquisitions Mergers

BRO

Brown & Brown has acquired the assets of The Canopy Group, a multiline insurance agency in Minnesota. The Canopy Group serves over 16,000 customers and focuses on personal lines and commercial property and casualty for small businesses. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 10:36 am

ETON

IPSEY

Eton Pharmaceuticals has entered an agreement to acquire Increlex, a biologic product for treating severe primary insulin-like growth factor 1 deficiency, from Ipsen. The terms of the deal were not disclosed. Increlex is approved in 40 territories, including the U.S. and EU, and is the only FDA and EMA approved treatment for SPIGFD.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 10:35 am

WTW

WTW has acquired a stake in Atomos, a UK-based wealth manager, following a successful partnership since 2022. The acquisition aims to support Atomos' growth, though terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 10:13 am

CTRE

CareTrust REIT, Inc. (NYSE:CTRE) has acquired a 4-facility skilled nursing portfolio in the Mid-Atlantic for $74.7 million, enhancing its operator relationships. The acquisition was funded with cash on hand, and the company is actively pursuing further investments.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:12 am

RPHM

Reneo Pharmaceuticals has announced stockholder approval for a merger with OnKure and a 1-for-10 reverse stock split. The combined company will trade on Nasdaq under the ticker 'OKUR'.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:51 am

OCX

Oncocyte has announced a $10.2 million private placement, supported by its strategic partner Bio-Rad. This financial move is significant for Oncocyte as it strengthens its financial position.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:26 am

LEVI

Levi Strauss & Co (NYSE:LEVI) is considering selling its Dockers brand to focus on its core Levi's brand and Beyond Yoga line. This strategic shift follows a 10% drop in Levi's shares after the announcement. Dockers' sales declined by 15% in Q3, contributing only 5% to Levi's total revenue, which missed expectations. Levi Strauss aims for mid-single-digit revenue growth in Q4, below estimates due to Dockers' weakness and reduced consumer spending in China.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 3:16 am

OTC:PALAD

OTCQX:FCUUF

Paladin Energy's acquisition of Fission Uranium is under review by Canadian regulators due to national security concerns, particularly regarding Chinese investments. The deal, valued at $846 million, could significantly impact the uranium market by consolidating assets and influencing the global supply chain.

Portfolio Pulse from Stjepan Kalinic

October 02, 2024 | 8:58 pm

AWK

Maryland American Water has received approval from the commission to acquire Severn Water Company for approximately $1.6 million. This acquisition is expected to expand Maryland American Water's service area and customer base.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:33 pm

CSR

Centerspace has expanded its presence in Denver by acquiring The Lydian for $54 million. The acquisition was financed through a combination of mortgage debt, operating partnership units, and cash. Additionally, Centerspace completed the redemption of its 6.625% Series C Preferred Shares, using proceeds from ATM sales and debt pay down.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:32 pm