Streetbeat News

Acquisitions Mergers

CWT

California Water Service (Cal Water), a subsidiary of California Water Service Group (NYSE:CWT), has finalized the acquisition of Skylonda Mutual Water Company's water system assets. The Bear Gulch District of Cal Water, which is adjacent to the Skylonda system, will now provide water utility service to Skylonda's 156 customer connections. Cal Water plans to invest in Skylonda's water infrastructure and interconnect the three areas to enhance water supply reliability to the entire district.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:54 pm

VRTV

Veritiv Corporation announced that it will be acquired by Clayton, Dubilier & Rice (CD&R). This news has led to an increase in Veritiv's share price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:47 pm

MANU

Sheikh Jassim bin Hamad Al Thani is reportedly set to buy Manchester United (MANU) from the Glazers after making a significant breakthrough in talks. A £6 billion deal is close, with a takeover expected to be completed by November. Sheikh Jassim has pledged to clear the millions of pounds in debt accumulated since the Glazers' controversial takeover in 2005. Despite the uncertainty over the club's ownership, Erik ten Hag has completed his desired transfer business this summer, spending £179 million on three arrivals.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:46 pm

MF

Missfresh Ltd (NASDAQ:MF) shares are trading higher after the company announced a share transfer agreement with Freshking Limited. The company will transfer all of its shares to Freshking for $1 in cash. This follows a surge in Missfresh shares after it announced share purchase agreements for financing and business acquisition. Missfresh also agreed to purchase Mejoy Infinite for $12 million in cash, with a focus on customized digital marketing solutions and services post-acquisition.

Portfolio Pulse from Adam Eckert

August 07, 2023 | 12:42 pm

MKTX

MarketAxess Holdings Inc. (NASDAQ:MKTX) has announced its plans to acquire Pragma, a provider of quantitative trading technology. The acquisition is expected to accelerate the development of quantitative execution algorithms and data-driven analytics for fixed-income. Pragma's algorithmic trading platform and technology team will help MarketAxess enhance its execution algorithms and analytics across all fixed-income products. The transaction is expected to close in the fourth quarter.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:37 pm

GFGD

The Growth for Good Acquisition Corporation (NASDAQ:GFGD) has announced that its Registration Statement on Form S-4 for the business combination with Zero Nox Inc., a provider of sustainable, off-highway vehicle electrification, has been approved by the SEC. The business combination has been unanimously approved by the boards of both companies. Upon closing, the combined company will be named Zero Nox Inc. and will be listed on the NASDAQ under the ticker symbol 'ZNOX'. An extraordinary general meeting of shareholders is scheduled for August 23, 2023.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:35 pm

VII

Banzai International and 7GC & Co. Holdings Inc. (NASDAQ:VII) have amended their business combination agreement. The amendment removes the condition of Banzai's acquisition of Hyros Inc. for the business combination, changes the total consideration payable to Banzai stockholders to $100 million, extends the closing date to December 28, 2023, and replaces the minimum aggregate transaction proceeds condition with a minimum net cash closing condition. 7GC & Co. Holdings LLC will forfeit all its private placement warrants upon closing of the business combination.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:34 pm

NXST

The CW Network has extended the contract of its President, Dennis Miller, through 2027. Miller joined the network in 2022 after its acquisition by Nexstar Media Group, Inc. (NASDAQ:NXST). Under Miller's leadership, the network has implemented a new programming strategy, adding live sporting events and new entertainment shows. By 2025, the network plans to carry over 400 hours of sports programming over 48 weekends.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:30 pm

APO

Apollo Impact, a subsidiary of Apollo Global Management, has announced its plans to acquire the Accent Family of Companies. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:29 pm

DHC

OPI

Diversified Healthcare Trust (DHC) has sent a letter to shareholders outlining the process to maximize value for DHC shareholders, which resulted in the pending merger with Office Properties Income Trust (OPI). The letter details the robust and thorough process undertaken by the DHC Board and management team, including evaluating various strategies and financing options. The merger, which is considered the best strategic alternative for DHC shareholders, will be discussed in a Special Meeting of DHC Shareholders on August 30, 2023.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:25 pm