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Acquisitions Mergers

AIQUY

CMI

Cummins Inc (CMI) has acquired the remaining 19% stake in Hydrogenics Corporation from L'Air Liquide SA (AIQUY), taking full ownership. The acquisition reinforces Cummins' commitment to fuel cell and electrolyzer technologies for decarbonization. Hydrogenics will continue to be one of Air Liquide’s suppliers for electrolyzer projects.

Portfolio Pulse from Shivani Kumaresan

June 30, 2023 | 9:53 am

DCI

Donaldson Company, Inc. (NYSE:DCI) has acquired Univercells Technologies, a provider of biomanufacturing technologies for advanced therapies and vaccine production, from Gamma Biosciences and Univercells SA for approximately €136M in cash net of debt.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 7:24 am

CMI

Cummins Inc. (NYSE:CMI) has bought out Air Liquide's 19% stake in Hydrogenics Corporation, a company it acquired in 2019. This move gives Cummins full ownership of key fuel cell and electrolyzer technologies.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 7:23 am

AUPH

GS

NKE

SGTX

TSLA

US stocks traded mixed with Dow Jones gaining and NASDAQ remaining unchanged. Top trending stocks included Aurinia Pharmaceuticals, Nike, Tesla, Goldman Sachs Group, and Sigilon Therapeutics. Aurinia is exploring strategic alternatives including a potential sale or merger. Nike reported a 10% YoY increase in Q4 revenue. Tesla may have had a strong Q2 in Australia. Goldman Sachs rose after clearing Federal Reserve's stress tests. Sigilon's shares skyrocketed after Eli Lilly agreed to acquire the company.

Portfolio Pulse from Benzinga Newsbot

June 30, 2023 | 1:01 am

EFX

Equifax's merger with Boa Vista Serviços has been approved by the latter's shareholders. The acquisition is expected to be finalized in early August 2023 and is not anticipated to have a material impact on Equifax's 2023 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 9:23 pm

DCI

Donaldson Company is acquiring Univercells Technologies from Gamma Biosciences and Univercells SA for €136M. Univercells Technologies, a producer of biomanufacturing solutions for cell and gene therapy research, will be a part of the Donaldson Life Sciences segment. The company generated approximately €10 million of revenue in 2022.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 9:02 pm

EML

The Eastern Company (NASDAQ:EML) has acquired certain assets of Sureflex, Inc., a manufacturer of tractor-trailer electrical connection cable assemblies. The financial terms of the transaction were not disclosed. Sureflex will become part of Eastern's Velvac subsidiary, enabling Velvac to manufacture electrical products and become cost/quality competitive.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:42 pm

ABST

Absolute Software Corporation's securityholders have approved the acquisition of all outstanding shares by Crosspoint Capital Partners' affiliate. The transaction is subject to regulatory approval and is expected to complete in the second half of 2023. Post completion, the shares will be delisted from the Toronto Stock Exchange and Nasdaq Global Market.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:25 pm

EMR

NATI

NI stockholders have approved a merger transaction with Emerson. NI stockholders will receive $60 per share in cash for every share of NI common stock they own immediately prior to the effective time of the merger. The proposed transaction is expected to close in the first half of Emerson's fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:09 pm

AUPH

Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) has announced that its Board of Directors is exploring strategic alternatives for the company, including a potential sale, merger, or other strategic transaction. The company has not set a timeline for this process. Additionally, the Board has accepted the resignations of two directors and has initiated a search for their replacements.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:07 pm