Streetbeat News

Acquisitions Mergers

DXR

Daxor Corporation (DXR) has announced further acquisitions and increased utilization of its BVA-100 blood volume diagnostic in the U.S. The company has expanded its blood volume analysis into five of six hospitals in the Southeast and increased utilization for clinical use at two sites. The recent launch of Daxor's ezBVA Lab service is expected to contribute significantly to the growth of BVA sales. A six-facility hospital system in Northern Kentucky and Southeastern Indiana has begun utilizing Daxor's ezBVA Lab service. Two additional hospitals have expanded the use of BVA testing.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 12:26 pm

CPNBF

KKR

KKR & Co Inc is reportedly considering selling its 70% stake in NVC Lighting's China business. The deal could potentially bring in around $1 billion in proceeds. The sale could be announced later this year. Last week, KKR disclosed a deal to acquire a majority stake in PangeaCo and the existing fiber optic networks of Telefonica del Peru SAA and Entel Perú.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 12:25 pm

EBAY

eBay has acquired Certilogo, a company specializing in 'Secure by Design' digital ID technology and authentication. The terms of the deal were not disclosed. This acquisition will bring new technology to eBay's fashion category, expanding opportunities in the circular economy.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 12:16 pm

CLBR

PSQ Holdings, Inc. (PublicSq.) and Colombier Acquisition Corp. (NYSE:CLBR) will host a live webinar to discuss their proposed business combination and the patriot economy. The event will feature PublicSq.'s Founder and CEO, Michael Seifert, and Chairman and CEO of Colombier, Omeed Malik. The merger agreement between PublicSq. and Colombier has been approved by the Colombier Board. A special meeting of Colombier stockholders will be held on July 19, 2023, to approve the proposed Business Combination.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 12:11 pm

PWSC

PowerSchool has signed a definitive agreement to acquire SchoolMessenger from its parent company, West Technology Group, for $300 million in cash. SchoolMessenger is a provider of K-12 communication tools in North America.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 12:03 pm

RILY

B. Riley Financial, Inc. (NASDAQ:RILY) has acquired Crawford & Winiarski, a Detroit-based boutique forensic accounting and litigation consulting firm. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:31 am

LH

Labcorp has entered into an agreement with Legacy Health to acquire select assets of its outreach laboratory business. Labcorp will also manage Legacy's inpatient hospital laboratories through a long-term agreement. The transaction is expected to close later in 2023. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:27 am

UBER

Uber's CFO, Nelson Chai, plans to leave the company, marking the most significant executive departure since Uber's IPO in 2019. Chai played a crucial role in improving Uber's earnings, cash flow, and operating profitability. Under his tenure, Uber made significant acquisitions and achieved its first-ever quarter of positive adjusted Ebitda. Uber's Q1 FY23 revenue grew by 29% YoY to $8.82 billion, beating the consensus of $8.72 billion.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:20 am

JPM

MS

Morgan Stanley has hired Marco Caggiano, a senior investment banker from JP Morgan Chase, to lead its M&A division. Caggiano, who spent 23 years at JPMorgan, will assume the role of Vice Chairman of M&A at Morgan Stanley. This move comes amidst a trend of high-profile bankers exiting firms like Goldman Sachs, Bank Of America, and Barclays to join competitors or smaller peers.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:07 am

TAC

TransAlta has agreed to acquire TransAlta Renewables Inc. for $13.00 per common share, representing an 18.3% premium based on the closing price of $10.99 per common share as of July 10, 2023. The acquisition is aimed at simplifying the company's structure and enhancing its strategic position.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 11:03 am