Streetbeat News

Acquisitions Mergers

LMB

Limbach Holdings, Inc. (NASDAQ:LMB) has acquired ACME Industrial Piping, LLC for an enterprise value of $5 million in an all-cash transaction. ACME specializes in industrial maintenance, capital project work, and emergency services for specialty chemical and manufacturing clients. The acquisition aligns with Limbach's emphasis on expanding the Owner Direct Relationships segment. ACME is expected to contribute on average $10 million in revenue and in excess of $1 million in EBITDA annually.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:30 pm

EFSH

IMPL

NCRA

VINE

Several stocks are experiencing significant pre-market movements. Nocera, Inc. (NCRA) surged 88.7% after announcing plans to acquire Zhe Jiang Xin Shui Hu Digital Information, Ltd. Impel Pharmaceuticals Inc. (IMPL) gained 30.7% after being granted a U.S. Patent for a Parkinson's disease treatment. iMedia Brands, Inc. (IMBI) rose 27.4% after receiving a second Nasdaq non-compliance notice. On the losing side, 1847 Holdings LLC (EFSH) fell 40.5% after pricing a public offering, and Fresh Vine Wine, Inc. (VINE) fell 21.9% after a significant jump on Monday.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 12:22 pm

MGLD

The Marygold Companies, Inc. (NYSE:MGLD) has appointed Ian Gass as Chief Product Officer for its UK operations. The company plans to launch its mobile banking and financial services app in the UK in 2024 through its Marygold & Co. (UK) subsidiary. The app offers FDIC-insured accounts, contactless payment options, and other features. Gass has extensive experience in the fintech sector, having co-founded an open banking fintech business and held senior positions at Goldman Sachs and Bank of New York Mellon.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:21 pm

BG

CVX

Bunge (NYSE:BG) and Chevron's Renewable Energy Group Inc., a subsidiary of Chevron Corporation (NYSE:CVX), have acquired Argentina-based seed business Chacraservicios from the Italian-based Adamant Group. The acquisition will add a new oil source to Bunge and Chevron's global supply chains and help meet the growing demand for lower carbon renewable feedstocks.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:18 pm

ASST

Asset Entities Inc. (NASDAQ:ASST), a provider of digital marketing and content delivery services, has entered into a common stock purchase agreement with Triton Funds LP for an investment of up to $1 million. The agreement allows Asset Entities to sell its class B common stock to Triton through September 30, 2023. The proceeds will be used for general corporate and working capital purposes.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:17 pm

LCFY

Locafy has acquired Citation Boost Technology to enhance its 'Entity-Based' Local SEO Studio. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 12:09 pm

DHI

D.R. Horton has acquired the homebuilding operations of Truland Homes for approximately $100 million in cash.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 12:08 pm

MIDD

Middleby Corporation has acquired TERRY Water Treatment Solutions for an undisclosed sum. The acquisition is expected to strengthen Middleby's product portfolio and expand its market reach.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 12:07 pm

BABA

BIDU

IQ

TCEHY

Alibaba Group is conducting a strategic review of its video streaming platforms Youku and Tudou, considering options to inject the assets into Alibaba Pictures Group Ltd. This comes amidst rivalry with Baidu, IQIYI, and Tencent Holdings. Alibaba's digital media and entertainment business narrowed its losses in the first quarter following Youku's investment in content and production capability.

Portfolio Pulse from Anusuya Lahiri

July 05, 2023 | 11:48 am

DUK

Duke Energy has sold its commercial distributed generation business to Arclight for $364 million.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 11:39 am