Streetbeat News

Acquisitions Mergers

AMTD

HKD

AMTD Group, AMTD IDEA Group (NYSE:AMTD, SGX: HKB), and AMTD Digital (NYSE:HKD) announced the acquisition of The Art Newspaper as part of their commitment to expand their presence in France. The Art Newspaper's headquarters will be moved to Paris, and Dr. Andrew Yuen has been appointed to the board of AMTD Digital Media and Entertainment Group.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 1:14 pm

STN

Stantec Inc (NYSE:STN) has agreed to acquire Environmental Systems Design, Inc. (ESD), a 270-person engineering firm based in Chicago. The deal will deepen Stantec's mission-critical facilities and data center design expertise and strengthen its mechanical, electrical, plumbing, and structural engineering practice in the U.S. by 40%.

Portfolio Pulse from Akanksha Bakshi

June 08, 2023 | 1:13 pm

CHRD

BCP Resources has acquired assets from a subsidiary of Chord Energy Corporation (NASDAQ:CHRD) in the Permian Basin, spanning 16 fields. The acquisition adds 1.3 MMBOE of net PDP reserves with 84% liquids.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 1:11 pm

CETX

Cemtrex plans to acquire a mechanical contracting and steel fabrication company for $2.4 million in cash and a note. Additionally, a real estate business purchase is being made for $1.5 million.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 12:32 pm

TOSBF

TOSYY

Toshiba Corp's board recommends shareholders accept a $14 billion tender offer from a group led by Japan Industrial Partners, which will take the company private. The offer is expected to launch in late July, and the board believes the buyout will help build a stable management base for the company's growth.

Portfolio Pulse from Akanksha Bakshi

June 08, 2023 | 12:18 pm

BAH

Booz Allen Hamilton has made a strategic investment in onboard data company Shift5, marking the first investment by Booz Allen Ventures aligned with the firm's National Cyber business. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 12:09 pm

BELFA

Bel Fuse has divested its non-core Stewart Czech business, part of the Connectivity Solutions segment, for approximately $5.0 million. The business has two divisions and generates around $5.2 million in annual sales.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:47 am

CWH

Camping World Holdings, Inc. (CWH) announced its plans to acquire Halterman's RV in the greater Seattle market, with the deal expected to close in the third quarter of 2023. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:39 am

ONFO

Onfolio Holdings Inc. has posted two articles on its corporate website, providing insight into its growth strategy. The articles focus on Onfolio's corporate acquisition strategy and its plan to leverage AI across its subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:26 am