Streetbeat News

Acquisitions Mergers

FARM

THS

TreeHouse Foods is set to acquire Farmer Brothers' Northlake, Texas coffee facility for approximately $100 million.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 11:08 am

THS

TreeHouse Foods has agreed to acquire Farmer Brothers' Northlake, Texas coffee facility and its non-Direct Store Delivery coffee business (Direct Ship) for approximately $100 million. The transaction is expected to close within the next 60 days.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 10:57 am

AES

AES Corporation has announced the acquisition of the 2 GW Bellefield Project in Kern County, California. The project consists of two phases, each with 500 MW of solar and up to 500 MW of four-hour duration battery energy storage.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 10:28 am

RHP

Ryman Hospitality Properties (RHP) has upsized its public offering to 3.85 million shares at $93.25 per share. The net proceeds will be contributed to RHP Hotel Properties, LP to fund a portion of the $800 million acquisition of JW Marriott San Antonio Hill Country Resort & Spa.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 9:48 am

RHP

Ryman Hospitality Properties (NYSE:RHP) has upsized and priced its common stock offering at $93.25 per share, increasing the size from 3.5 million to 3.85 million shares. The net proceeds will be used to fund a portion of the $800 million acquisition of JW Marriott San Antonio Hill Country Resort & Spa.

Portfolio Pulse from Charles Gross

June 07, 2023 | 9:33 am

CKHUF

VOD

Vodafone Group and CK Hutchison Holdings are reportedly in the final stages of merging their UK businesses, Vodafone UK and Three UK. The deal values the combined group at £9 billion with £6 billion of debt, and would create the UK's largest mobile operator with 27 million customers.

Portfolio Pulse from Lekha Gupta

June 07, 2023 | 9:18 am

CKHUY

VOD

Vodafone and CK Hutchison are reportedly in the final stages of talks to merge their British operations, with an announcement possibly coming as soon as Friday.

Portfolio Pulse from Charles Gross

June 07, 2023 | 8:56 am

FCPT

Four Corners Property Trust (FCPT) has announced the acquisition of a Fresenius Medical Care property for $2.6 million. The property is leased to Fresenius Medical Care, a leading provider of dialysis services.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 8:40 pm

KTTA

LSDI

Pasithea Therapeutics has received an unsolicited proposal from Lucy Scientific Discovery to acquire all outstanding shares of Pasithea common stock for $0.60 in cash plus $0.25 worth of Lucy common stock per share.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 8:31 pm

PRTK

Paratek Pharmaceuticals (NASDAQ:PRTK) stock is up after announcing a definitive agreement to be acquired by Gurnet Point Capital and Novo Holdings for approximately $462 million. The transaction includes the assumption of debt and is expected to close in Q3 2023.

Portfolio Pulse from Ryan Gustafson

June 06, 2023 | 7:38 pm