Streetbeat News

Acquisitions Mergers

CARR

Carrier Global has completed the sale of its commercial refrigeration business to Haier for $775 million, including $200 million of net pension liabilities.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 11:21 am

MRX

Marex Group plc is acquiring Aarna Capital to expand its presence in the Middle East, particularly in Abu Dhabi. This acquisition aims to enhance Marex's clearing business and client base, with expected earnings accretion from 2025. The deal is set to close in late 2024, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 11:03 am

BRKR

Bruker has acquired Dynamic Biosensors GmbH to enhance its biophysical portfolio, particularly in molecular interactions and kinetics. The acquisition is expected to generate over $5 million in additional revenue by FY2025, with no significant EPS impact.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 11:02 am

PWFL

Powerfleet has secured a $125 million loan from FirstRand Bank to fund its acquisition of Fleet Complete. This move is expected to enhance Powerfleet's capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 10:48 am

ENSG

The Ensign Group has announced the acquisition of St. Joseph Rehabilitation and Care Center, an 83-bed skilled nursing facility, and Skyview Villa Assisted Living, a 20-bed assisted living facility. This acquisition expands Ensign's portfolio in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 10:03 am

MMV

MultiMetaVerse has announced a non-binding term sheet with Bowong Technology to acquire all of its shares at a valuation of $0.75 per share.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:01 am

ALK

Alaska Air Group has increased its senior secured notes offering to $1.25 billion from $750 million. The proceeds will be used to fund a reserve account, a collection account, and an intercompany loan to Alaska Airlines, which will repay debt from its merger with Hawaiian Airlines.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 6:58 am

WCT

Wellchange Holdings, a Hong Kong-based enterprise software solutions provider, is set to begin trading on Nasdaq under the ticker 'WCT' following its IPO priced at $4.00 per share. The company is offering 1.1 million shares, with an additional 900,000 shares being sold by a shareholder. The IPO is expected to raise $4.4 million for Wellchange, which plans to use the proceeds for technology enhancements, marketing, international expansion, and potential strategic acquisitions.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 6:45 am

MSFT

SoftBank is investing $500 million in OpenAI, boosting its valuation to $150 billion. This investment is part of a $6.5 billion funding round. Microsoft is also an existing investor. Apple has reportedly withdrawn from investing in OpenAI.

Portfolio Pulse from Ananya Gairola

October 02, 2024 | 4:47 am

LIEN

Chicago Atlantic has acquired Silver Spike Investment Corp., the only SEC-approved BDC focused on cannabis lending, and will change its ticker to $LIEN. This acquisition comes at a pivotal time for the cannabis industry, with potential regulatory reforms on the horizon.

Portfolio Pulse from Rolando García

October 01, 2024 | 9:54 pm