Streetbeat News

Acquisitions Mergers

PEP

PepsiCo has announced a $1.2 billion acquisition of Siete Foods, enhancing its portfolio with authentic Mexican-American products and expanding its better-for-you food offerings.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:27 pm

SCHW

Charles Schwab's CEO Walt Bettinger will retire at the end of 2024, with President Rick Wurster set to succeed him. Bettinger will remain as co-chair of the board. Under Bettinger's leadership, Schwab's client assets grew significantly, partly due to the acquisition of TD Ameritrade. The announcement comes as Toronto-Dominion Bank reduced its stake in Schwab, impacting its stock price.

Portfolio Pulse from Benzinga Neuro

October 01, 2024 | 1:23 pm

JLL

JLL is set to acquire Raise Commercial Real Estate, enhancing its platform with advanced leasing lifecycle technology. The terms of the acquisition have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:15 pm

FTXG

IYK

PEP

PepsiCo is in advanced talks to acquire Siete Foods, a tortilla-chip manufacturer, for over $1 billion. This acquisition aligns with PepsiCo's strategy to offer healthier snack options. The deal is part of a trend in the U.S. packaged food industry where companies are expanding amid consumer spending shifts. PepsiCo's stock has lost over 1% year to date, and investors can gain exposure through ETFs like iShares U.S. Consumer Staples ETF (IYK) and First Trust Nasdaq Food & Beverage ETF (FTXG).

Portfolio Pulse from Nabaparna Bhattacharya

October 01, 2024 | 1:14 pm

MA

Mastercard has announced its acquisition of Minna Technologies, a move that could enhance its digital services and subscription management capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:12 pm

WTW

WTW is selling TRANZACT for $632.4 million to sharpen its strategic focus and simplify its portfolio. The transaction is expected to be completed by the end of 2024 and aims to accelerate free cash flow margin expansion.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:10 pm

BVS

Bioventus has entered into an agreement to sell its Advanced Rehabilitation business to Accelmed Partners for a total cash consideration of $45 million. The deal includes $25 million in cash at closing and up to $20 million in post-closing earn-outs.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:02 pm

MSSA

Metal Sky Star Acquisition Corporation has entered into a non-binding letter of intent to acquire Okidoki OÜ, a leading Estonian classifieds platform. The acquisition values Okidoki at $120 million, with plans for a combined public entity. A definitive agreement is expected by Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:37 pm

CNTM

ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) has entered a Master Services Agreement with Devlin Energy, expected to add over $20 million in revenue in the next year. The agreement includes an option for ConnectM to acquire Devlin Energy, contingent on meeting specific financial targets.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:35 pm

NXPL

NextPlat Corp has completed its merger with Progressive Care Inc., making Progressive Care a wholly-owned subsidiary. As a result, Progressive Care's stock will cease trading on the OTCQB exchange as of October 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:12 pm