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Acquisitions Mergers

AYI

CCL

EMKR

MKC

NKE

The S&P 500 recorded its first positive September since 2019, with a 2% gain, amid improving investor sentiment as the CNN Money Fear and Greed index moved to 'Extreme Greed'. Carnival Corporation reported better-than-expected earnings, and EMCORE Corporation's shares surged 83% following an acquisition offer. Investors are awaiting earnings from Acuity Brands, McCormick & Company, and NIKE.

Portfolio Pulse from Avi Kapoor

October 01, 2024 | 7:35 am

GFR

Greenfire Resources Ltd. faces a critical hearing with the Alberta Securities Commission regarding its shareholder rights plan amid a takeover bid by Waterous Energy Fund. Former directors Julian McIntyre and Venkat Siva have resigned.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:03 am

GPI

Group 1 Automotive, Inc. (NYSE:GPI) has appointed Mark Raban as CEO of its UK operations. Raban, with over 20 years of experience, will oversee the integration of Inchcape dealerships and focus on strategic growth and customer experience in the UK.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 6:50 am

BY

Byline Bancorp and First Security Bancorp have entered a definitive merger agreement valued at $41 million. Byline will issue 2.1794 shares of its common stock for each First Security share, with the transaction valued at $38.4 million based on Byline's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 9:59 pm

IAG

IAMGOLD has submitted a formal notice to Sumitomo Metal Mining to repurchase a 9.7% interest in the Côté Gold Mine, which will restore IAMGOLD's full 70% ownership. The transaction is expected to close on November 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 9:06 pm

DMLP

Dorchester Minerals, L.P. has completed two acquisitions of mineral, royalty, and overriding royalty interests, exchanging these for common units in the partnership. The financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 8:18 pm

ULH

Universal Logistics Holdings has acquired Parsec for $193.6 million, expanding its logistics capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 8:12 pm

SOL

Emeren Group's shares rose following the announcement of selling its 57 MWp solar project portfolio to Trina Solar. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:39 pm

CCL

EMKR

PRTA

STLA

U.S. stocks fell with the Dow Jones down 300 points. Carnival Corporation reported better-than-expected earnings. EMCORE Corporation shares surged after an acquisition offer. Prothena Corporation shares dropped due to leadership changes. Stellantis lowered its FY24 guidance.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 6:26 pm

CPRI

TPR

The antitrust trial concerning Tapestry Inc.'s $8.5 billion acquisition of Capri Holdings Ltd. is reaching a critical point as closing arguments are presented. The decision by US District Judge Jennifer Rochon could significantly impact hedge funds and investors betting on the outcome. The trial has seen arguments from both sides, with Tapestry and Capri defending the merger against the FTC's claims of reduced competition in the 'accessible luxury' market. Capri's stock has seen a rise, indicating investor optimism about the deal's closure.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:11 pm