Streetbeat News

Acquisitions Mergers

CNXC

Concentrix has completed its merger with Webhelp and the integration process has begun. The combined entity will temporarily operate under the name Concentrix + Webhelp until a permanent name is finalized.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 10:32 am

RRX

WEGZY

Regal Rexnord Corporation (NYSE:RRX) has agreed to sell its Industrial Motors and Generators businesses, which make up the majority of its Industrial Systems segment, to WEG S.A. (OTC:WEGZY) for $400 million. The deal is expected to close in the first half of 2024, pending regulatory approvals and customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 10:18 am

RRX

WEGZY

Regal Rexnord has agreed to sell the majority of its Industrial Systems Segment, which includes its industrial motors and generators businesses, to WEG for $400 million.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 10:16 am

ENOV

Enovis has agreed to acquire privately held global orthopedic company LimaCorporate S.p.A. The acquisition has an enterprise value of €800M.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 10:08 am

AIG

AIVAF

CRBG

Corebridge Financial Inc (NYSE:CRBG) has agreed to sell its UK life insurance business, AIG Life Limited, to Aviva PLC (OTC:AIVAF) for £460 million in cash. The sale is expected to close in H1 2024, subject to regulatory approvals. This move is part of Corebridge's strategy to focus on its core US portfolio. As of June 30, 2023, the company's liquidity stood at $1.6 billion.

Portfolio Pulse from Lekha Gupta

September 25, 2023 | 9:46 am

BKNG

Booking Holdings has announced its intention to appeal the European Commission's decision to prohibit its acquisition of Etraveli Group. The company also announced an extension of a commercial partnership agreement between Booking.com and Etraveli Group through at least December 2028.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 9:30 am

IMAX

IMAX Corporation defends its decision to privatize IMAX China, stating it is in the best interest of shareholders despite opposition from Letko, Brosseau & Associates Inc. IMAX China's share price has been weak and trading volume hit all-time lows throughout 2023, despite encouraging first half results and increased box office market share.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 9:15 am

AMZN

Amazon plans to invest up to $4 billion in artificial intelligence company Anthropic, acquiring a minority stake in the process.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:00 am

AIG

AIVAF

CRBG

Corebridge Financial has agreed to sell its UK life insurance division to Aviva for £460 million. The deal is expected to close in the first half of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 7:01 am

LII

Syntagma Capital is in exclusive talks to acquire the European HVAC and Refrigeration divisions of Lennox International. The deal, if successful, could have significant implications for Lennox's business operations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 6:56 am