Streetbeat News

Acquisitions Mergers

ALTU

Altitude Acquisition Corp. has announced an extension of the deadline to complete its initial business combination to October 11.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:20 pm

CRGY

Crescent Energy is set to acquire an incremental working interest in its operated Western Eagle Ford assets for a total consideration of $250M in cash. This follows a recent $600M acquisition of operatorship of the same position that closed in July 2023. The transaction is expected to be immediately accretive to operating cash flow, free cash flow, and net asset value.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:04 pm

ALGN

Align Technology, Inc. (NASDAQ:ALGN) has announced its plans to acquire Cubicure GmbH, a pioneer in direct 3D printing solutions. The acquisition is expected to strengthen Align's digital platform and its capabilities in direct 3D printing. The purchase price for the transaction will be approximately €79 million and the acquisition is expected to close in Q4 2023 or early 2024.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:02 pm

JBSS

John B. Sanfilippo & Son (JBSS) is set to acquire the Lakeville manufacturing facility and snack bars business from TreeHouse Foods. This has led to an increase in JBSS's share price.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 7:15 pm

THS

TreeHouse Foods is selling its Lakeville manufacturing facility and snack bars business to John B. Sanfilippo & Son for $63 million in cash. This has led to a rise in TreeHouse Foods' shares.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 7:14 pm

AYX

Alteryx is reportedly working with Qatalyst Partners to explore a potential sale of the company. This news has led to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 7:07 pm

LMAT

Oppenheimer has initiated coverage on LeMaitre Vascular Inc (NASDAQ:LMAT) with an Outperform rating and a price target of $70. The company generates 90% of its sales from a third of its core markets, and its products are used by 11,000 vascular surgeons from 4,800 hospitals. LMAT's growth strategy includes smaller strategic acquisitions, with a successful track record of securing 70% of their 24 acquisition endeavors over the past 20 years.

Portfolio Pulse from Vandana Singh

September 06, 2023 | 7:04 pm

FWONA

FWONK

LSXMA

Liberty Media Corporation has announced a definitive agreement to acquire over 90% of QuintEvents, LLC, valuing the company at $313 million. The acquisition will be attributed to Liberty Media's Formula One Group tracking stock and will be funded with cash on hand. QuintEvents is a global provider of official ticket, hospitality, and travel experiences to many of the world's most prominent sports and entertainment events. The transaction is expected to close by year-end.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 6:56 pm

NBXG

E-commerce finance provider Wayflyer has signed a $1 billion off-balance sheet funding deal with investment firm Neuberger Berman (NYSE:NBXG). The funding will support Wayflyer's growth and expand its financing solutions. The agreement involves a potential acquisition of up to $1 billion in assets from funds administered by Neuberger Berman, with no specified timeframe for the transaction.

Portfolio Pulse from Khyathi Dalal

September 06, 2023 | 6:09 pm

DWAC

Digital World Acquisition Corp. (DWAC) shares are trading higher after shareholders voted in favor of the merger extension amendment.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 5:55 pm