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Acquisitions Mergers

SATS

T

TPG

DIRECTV is set to acquire EchoStar's video business, including DISH TV, in a $11.7 billion debt exchange deal. This move aims to create a stronger competitive force in the video industry, improve financial profiles, and enhance 5G network deployment. TPG will also acquire AT&T's 70% stake in DIRECTV.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:06 am

GOGO

Gogo has agreed to acquire Satcom Direct for $375 million in cash and 5 million shares of Gogo stock, with potential additional payments of up to $225 million. The acquisition is expected to be immediately accretive to earnings and free cash flow, with significant cost synergies anticipated.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:04 am

SITC

SITE Centers Corp. has sold 11 properties for $610 million, preparing for the spin-off of Curbline Properties Corp. Curbline will be capitalized with $800 million in cash and a $400 million line of credit, and will be listed on the NYSE under 'CURB'. SITE Centers shareholders will receive two shares of Curbline for each SITE share held.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:02 am

VSTS

Vestis has agreed to sell its 39% equity stake in Aramark Uniform Services Japan Corporation to Mitsui & Co., Ltd. for $37 million. The proceeds will be used for debt repayment, and the transaction is expected to close by October 2024.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:34 am

T

TPG

TPG is set to acquire the remaining 70% stake in DIRECTV from AT&T for $2.5 billion, aiming to enhance investments in next-gen streaming services. The transaction is expected to close in the second half of 2025, subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:15 am

SOL

Emeren Group Ltd has sold a 57 MWp solar project portfolio to Trina Solar's French subsidiary. The sale includes five projects at various stages and may incorporate Battery Energy Storage Systems. This transaction strengthens Emeren's position in renewable energy in Europe.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:06 am

BKD

Brookdale Senior Living is acquiring 41 communities from three triple-net lease portfolios for $610 million. This acquisition is expected to reduce 2025 cash lease payments by $47 million, improve 2025 Adjusted EBITDA by $33 million, and enhance 2025 Adjusted Free Cash Flow by $15 million. The acquisition will increase Brookdale's ownership to 66% of its consolidated units.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:04 am

AEYE

AudioEye has acquired ADA Site Compliance, a company specializing in ADA website accessibility compliance. The terms of the acquisition were not disclosed, but AudioEye expects the acquisition to be accretive in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:02 am

ENSC

NIO

STLA

ZCMD

Nio Inc. shares surged 12.7% in pre-market trading after announcing a significant investment in its subsidiary, Nio China. Other stocks also showed notable pre-market movements, with Zhongchao Inc. leading the gainers and Ensysce Biosciences among the losers.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 9:36 am

EWU

VOD

Vodafone and Three have published their response to the UK's CMA regarding their proposed merger, emphasizing its pro-competitive nature and potential for significant network investment. They remain confident in resolving outstanding issues with the CMA.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 9:34 am