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Acquisitions Mergers

LRHC

La Rosa Holdings Corp (NASDAQ: LRHC) has restructured its debt, deferring payments to focus on expansion and acquisitions. The company aims for a $100 million revenue run rate by the end of 2024 and profitability in 2025.

Portfolio Pulse from Anusuya Lahiri

September 26, 2024 | 12:15 pm

MSFT

OpenAI is transitioning to a for-profit model, potentially leading to a $150 billion valuation and a $10.5 billion payday for CEO Sam Altman. This move, backed by Microsoft, aims to attract more investors but has sparked controversy, including legal challenges from Elon Musk.

Portfolio Pulse from Rounak Jain

September 26, 2024 | 11:19 am

STRW

Strawberry Fields REIT has completed the acquisition of a skilled nursing and assisted living facility in Tennessee for $6.7 million. This acquisition is expected to increase the company's annual rents by $670,000, with a 3% annual increase.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:38 am

NNVC

NanoViricides, Inc. has secured a right of first refusal for all antiviral drug developments from TheraCour Pharma, enhancing its ability to develop broad-spectrum antiviral drugs. The company plans to advance its lead drug, NV-387, to Phase II trials.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:36 am

PDCO

Patterson Companies has announced two acquisition agreements for its Animal Health business, acquiring Infusion Concepts in the UK and Mountain Vet Supply in the US. The terms of the deals were not disclosed, and the transactions are expected to close in the second fiscal quarter of FY2025.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:03 am

CHK

SWN

Chesapeake Energy and Southwestern Energy have announced the expiration of the waiting period under the HSR Act for their pending merger. The merger is expected to close in the first week of October, after which the combined entity will be named Expand Energy Corporation and trade on NASDAQ under the ticker 'EXE'.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:39 am

SNX

TD SYNNEX Corporation (NYSE:SNX) is set to release its Q3 earnings on Sept. 26, with expectations of $2.80 EPS and $14.11 billion in revenue. The company recently announced an acquisition in Brazil. Analysts have varied ratings, with some upgrading their price targets.

Portfolio Pulse from Avi Kapoor

September 26, 2024 | 7:10 am

OPRT

Oportun (NASDAQ:OPRT) plans to sell its credit card portfolio to Continental Finance, expecting an $11M EBITDA boost in 2025. The sale, now closing in November 2024, aims to enhance profitability by focusing on core products.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 7:03 am

SGE

FG Acquisition Corp. has completed a $4.3 million private placement following its acquisition of Strong/MDI Screen Systems. The funds will support the acquisition, growth initiatives, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:59 am

KKR

KKR and The Skip Essential Infrastructure Fund have signed definitive agreements to acquire a 74.25% stake in Queensland Airports Limited. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:53 am