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Acquisitions Mergers

AVTA

Avantax has entered into a definitive agreement to be acquired by Cetera Holdings for $26 per share in cash.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 12:31 pm

K

Kellogg Company's Board of Directors has approved the separation of the company into two entities, Kellanova and WK Kellogg Co. The separation is expected to be effective from October 2, 2023. The distribution ratio of shares has been set at 1 share of WK Kellogg Co for every 4 shares of the current Kellogg Company.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 12:30 pm

TWNK

J.M. Smucker has announced its plans to acquire Hostess Brands, leading to a rise in Hostess Brands' shares.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 12:20 pm

SJM

J.M. Smucker announced its plans to acquire Hostess Brands, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 12:19 pm

SJM

TWNK

The J. M. Smucker Co. (SJM) has announced a definitive agreement to acquire Hostess Brands, Inc. (TWNK) for $34.25 per share, implying a total enterprise value of $5.6 billion. The acquisition includes approximately $900 million of net debt and is expected to expand Smucker's brand offerings and accelerate its focus on convenient consumer occasions.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 12:02 pm

PLL

Piedmont Lithium announced that the Minerals Income Investment Fund (MIIF) of Ghana will invest $27.9 million to acquire a 6% stake in the Ewoyaa Lithium Project and an additional $5M in Piedmont's partner Atlantic Lithium. The funding will be used for project development costs, with MIIF also contributing 6% of exploration and development costs within Atlantic's Ghanaian portfolio on an ongoing basis.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:57 am

QIPT

Quipt has announced a multi-state acquisition that is expected to add approximately $9M in annualized revenues. The company also anticipates an increase of $2M in adjusted EBITDA post integration.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:37 am

TSX:BLCO

Bausch + Lomb Corporation (TSX:BLCO) has announced the launch of a $1.4 billion financing initiative for the acquisition of XIIDRA, a non-steroid eye drop product. The financing includes an offering of new senior secured notes due 2028 and a proposed incremental term loan facility. The proceeds will be used to fund the acquisition, pay related fees and expenses, and for general corporate purposes, including debt repayment.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:09 am

KXIN

Kaixin Auto has signed a non-binding acquisition term sheet with WM Motor. The details of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:06 am

KKR

KKR is making a new equity investment of over $1 billion in USI Insurance Services, making it the largest single shareholder. The deal involves KKR and USI purchasing shares from CDPQ and other investors.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:59 am