Streetbeat News

Acquisitions Mergers

FRLA

OTHER

Fortune Rise Acquisition Corporation (FRLA) has announced a fourth one-month extension to complete its initial business combination, funded by a $100,000 deposit from Water On Demand Inc., a subsidiary of OriginClear, Inc. (OTHER). The extension moves the deadline from August 5, 2023 to September 5, 2023. The contribution increases the pro rata portion of the funds available in the Company's trust account by $0.027 per share.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:23 pm

ARTE

Danam Health and Artemis Strategic Investment Corporation (NASDAQ:ARTE) have announced a definitive merger agreement, unanimously approved, with an expected combined pro forma enterprise value of $200M. The transaction is expected to provide Danam with access to capital markets and accelerate the development of its health ecosystem model. The merger is expected to be completed in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:13 pm

VRTV

Veritiv Corporation (VRTV) has announced a definitive agreement to be acquired by Clayton, Dubilier & Rice, LLC (CD&R). Shareholders will receive $170 per share in cash, a 31% premium over Veritiv's 30-day volume-weighted average price. The transaction is expected to close in Q4 2023, subject to shareholder and regulatory approvals. Upon completion, Veritiv will become a privately held company and its shares will no longer be listed on public markets.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:11 pm

MF

Missfresh Limited (NASDAQ:MF) has entered into a share transfer agreement with Freshking Limited, a company owned by Mr. Zheng Xu. The agreement involves the transfer of all shares in Missfresh HK Limited, San Sheng Limited, and Mrfresh Limited to Freshking Limited for a total consideration of US$1.00. The transaction has been approved by the board of directors, the audit committee, and the special committee under the board. The financial advisor, Kroll LLC, has been engaged to ensure the fairness of the transaction.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:08 pm

NEPT

Neptune Wellness Solutions Inc. has announced the second phase of its review process, which will consider all available alternatives, including the monetization of assets, partnerships, and/or acquisition of the remaining parts of Sprout Organics through an equity/debt transaction.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:04 pm

TFII

TFI International has agreed to acquire JHT Holdings, a Wisconsin-based company that transports new trucks from manufacturing plants to dealers and end customers. The deal, which is expected to close in the third quarter, will add over $500 million in annual revenues to TFI's logistics segment.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:03 pm

CPB

SOVO

Campbell Soup has announced its plan to acquire Sovos Brands for $23 per share in cash. This has led to a rise in Sovos Brands' share prices.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:55 am

UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) plans to acquire 113 acres of land in Denver for $33 million to expand its pilot training facility. The company is buying two parcels, one located just outside Denver International Airport with access to its Flight Training Center. The move is part of the company's 'big plans' to grow.

Portfolio Pulse from Nabaparna Bhattacharya

August 07, 2023 | 11:50 am

BKI

Black Knight's shares are trading higher following the dismissal of an injunction that sought to block ICE's acquisition of the company.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:44 am

OXAC

Oxbridge Acquisition Corp. has entered into a Forward Purchase Agreement with Meteora Capital Partners, Meteora Select Trading Opportunities Master, and Meteora Strategic Capital for OTC Equity Prepaid Forward Transactions. The agreement allows Meteora to purchase up to 1,186,952 Class A ordinary shares of Oxbridge, with the caveat that Meteora's ownership should not exceed 9.9% of the total Oxbridge shares outstanding, unless waived by Meteora.

Portfolio Pulse from Charles Gross

August 07, 2023 | 11:38 am