Streetbeat News

Acquisitions Mergers

CD

Chindata Group Holdings Limited (NASDAQ:CD) shares surged by 14% after receiving a take-private offer from Bain Capital, valuing the company at $2.93 billion. The offer represents a 27% premium to the last closing price. Bain Capital already owns a 42.2% stake in Chindata.

Portfolio Pulse from Nabaparna Bhattacharya

June 07, 2023 | 2:58 pm

AGRI

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) has formed a joint venture with Swiss consulting company Agrigrada sarl to advance sustainable cultivation practices and food and plant products. The partnership is expected to help maximize AgriFORCE's acquisition plans and expand its knowledge portfolio, while opening commercial opportunities in Africa and other markets.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 2:38 pm

MANU

Sheikh Jassim bin Hamad al-Thani has submitted a final £6bn offer to buy Manchester United (MANU) and set a deadline of Friday for acceptance. The Qatari banker's offer competes with Sir Jim Ratcliffe's Ineos, which seeks a controlling interest in the club.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 2:03 pm

FARM

THS

Treehouse Foods (THS) has agreed to acquire certain assets from Farmer Brothers (FARM) for around $100 million, including FARM's Northlake, Texas coffee facility and non-Direct Store Delivery coffee business. The deal is expected to close in the next 60 days. FARM shares traded higher by 59% premarket on Wednesday.

Portfolio Pulse from Lekha Gupta

June 07, 2023 | 1:27 pm

BAM

IFUUF

Brookfield Asset Management (BAM) has agreed to sell its 49.95% stake in One New Zealand to Infratil Limited (IFUUF) for $1.1 billion. This will increase Infratil's ownership in One NZ to 99.90%. The acquisition values One NZ at an enterprise value of NZ$5.9 billion.

Portfolio Pulse from Akanksha Bakshi

June 07, 2023 | 12:48 pm

FARM

FRGT

SVRE

Farmer Brothers agrees to sell its direct ship business and Northlake, Texas facility to TreeHouse Foods. Fr8App announces a new integration with Samsara for real-time freight tracking. SaverOne expands its relationship with Isuzu importer to Israel, ordering 40 additional installations of driver distraction prevention solution for Isuzu trucks.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:45 pm

AGBIF

Atlas Global Brands Inc. (AGBIF) will launch new products under its D*gg Lbs brand in collaboration with Snoop Dogg this summer. The products will be available through the Ontario Cannabis Store. Atlas expects to deliver its first shipment of D*gg Lbs products to Israel in late June 2023. The company has also completed the acquisition of GreenSeal Cannabis Company and GreenSeal Nursery.

Portfolio Pulse from Vuk Zdinjak

June 07, 2023 | 12:40 pm

SPY

Treasury Secretary Janet Yellen stated that she sees strength in the diverse U.S. banking system and would not want it to be threatened. She also mentioned that it would not surprise her to see some bank consolidation.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:14 pm

MCOM

YAYO

EVmo has signed a Letter of Intent (LoI) to merge with a newly-formed subsidiary of micromobility.com in a stock-for-stock exchange, with current EVmo shareholders expected to receive a meaningful minority interest in the combined company.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:01 pm

CWH

Camping World Holdings (CWH) announced its plans to acquire Hitch RV, which has three locations across Delaware, Pennsylvania, and New Jersey. The acquisition is expected to close in the third quarter of 2023.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 11:33 am