Streetbeat News

Acquisitions Mergers

FCPT

Four Corners Property Trust (NYSE:FCPT) has acquired a National Veterinary Alliance property for $7.8 million. The property is newly constructed, located in Pennsylvania, and is corporate-operated under a triple net lease with 15 years of term remaining.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 8:08 pm

AEL

Brookfield Asset Management is reportedly close to finalizing a deal to acquire American Equity Investment Life Holding Co., a leading insurer in the United States.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 8:00 pm

ATVI

MSFT

SONY

Xbox boss Phil Spencer reaffirmed Microsoft's commitment to keeping 'Call of Duty' available on PlayStation consoles, even after its potential acquisition of Activision Blizzard. Spencer's statement aligns with previous remarks and a private email from PlayStation boss Jim Ryan. Microsoft faces challenges in finalizing its merger with Activision Blizzard from the FTC and the UK's Competition and Markets Authority.

Portfolio Pulse from Franca Quarneti

June 26, 2023 | 7:43 pm

BX

PLD

REIT stocks are trading higher due to a decline in Treasury yields and Prologis' acquisition of a $3.1 billion industrial property portfolio from Blackstone, potentially lifting industrial property stocks.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 7:40 pm

OPCH

Option Care Health (OPCH) terminated its merger agreement with Amedisys, causing OPCH shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 7:33 pm

FREE

Whole Earth Brands, Inc. (NASDAQ:FREE) shares are trading higher after a 13D filing revealed a proposal by Martin Franklin to acquire the company for $4 per share in cash.

Portfolio Pulse from Ryan Gustafson

June 26, 2023 | 7:12 pm

ENOV

Needham initiated coverage on Enovis Corp (NYSE:ENOV) with a Buy rating and a $70 price target, citing potential above-market growth in its Reconstructive segment through market share gains and accretive acquisitions. The analyst believes Enovis has room for margin improvement and views the stock as attractively valued.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 6:00 pm

MANU

Manchester United PLC (NYSE:MANU) is expected to announce the details of its imminent sale before Q3 earnings on June 27. Sheikh Jassim bin Hamad Al Thani of Qatar is the likely winner of the auction. The club's valuation is expected to be around £6 billion or higher.

Portfolio Pulse from Anthony Noto

June 26, 2023 | 6:00 pm

BLK

PPRUF

PPRUY

Kering SA has announced the acquisition of luxury fragrance brand Creed for an undisclosed cash amount. The acquisition will complement Kering Beauté's portfolio and support the creation of other fragrance franchises. The transaction is expected to close in H2 2023.

Portfolio Pulse from Lekha Gupta

June 26, 2023 | 5:45 pm

SYY

Sysco Corp's specialty produce company, FreshPoint, has agreed to acquire BIX Produce, a specialty and fresh cut distributor based in Minnesota. The acquisition expands FreshPoint's geographic footprint, strengthens specialty produce offerings, and adds a 200,000 sq. ft. production and warehouse facility to its operations.

Portfolio Pulse from Shivani Kumaresan

June 26, 2023 | 4:44 pm