Streetbeat News

Acquisitions Mergers

MTAL

Metals Acquisition shareholders have approved the proposed business combination to acquire CSA Mine and merger with Metals Acquisition. The deal is set to close on June 15, 2023, with the common stock and warrants of New MAC trading on the NYSE under the ticker symbols 'MTAL' and 'MTAL.WS' starting June 16, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 9:21 pm

SPB

Spectrum Brands has received clearance from the Mexican competition authority to sell its Hardware and Home Improvement segment (HHI) to ASSA ABLOY for $4.3 billion in cash. The transaction is expected to close on or before June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:43 pm

RHP

Ryman Hospitality Properties (RHP) has agreed to purchase the JW Marriott San Antonio Hill Country Resort & Spa in Texas for $800 million from BREIT. The acquisition is expected to close during Q2 or Q3 of 2023.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:36 pm

BX

RHP

Ryman Hospitality (RHP) is set to acquire the JW Marriott San Antonio Hill Country Resort & Spa from Blackstone (BX) for $800 million.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:34 pm

CBZ

CBIZ has acquired information security consulting firm Pivot Point Security (PPS), which helps small and middle market businesses with information security and compliance. PPS has 30 employees and recorded $6.6 million in revenue in 2022.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:09 pm

KTTA

LSDI

Pasithea Therapeutics Corp. (NASDAQ:KTTA) shares are up after Lucy Scientific Discovery (NASDAQ:LSDI) proposed to acquire the company for $0.60 in cash and $0.25 in Lucy stock per Pasithea share. Lucy plans to explore strategic alternatives for Pasithea's clinical development program divestiture to preserve cash for shareholders.

Portfolio Pulse from Ryan Gustafson

June 05, 2023 | 7:51 pm

AMED

OPCH

UNH

Optum Care Solutions, a subsidiary of UnitedHealth Group, has submitted a $100 per share all-cash proposal to acquire Amedisys, representing a 26% premium over its recent closing price. Amedisys is currently evaluating the offer, while its merger agreement with Option Care Health remains in effect.

Portfolio Pulse from Vandana Singh

June 05, 2023 | 7:19 pm

PGTI

PGT Innovations has acquired the remaining 25% ownership interest in Eco Enterprises, a brand of aluminum, impact-resistant windows, and doors. The acquisition aims to accelerate revenue growth, expand margins, and strengthen the supply chain.

Portfolio Pulse from Shivani Kumaresan

June 05, 2023 | 6:53 pm

AMED

OPCH

Amedisys Inc (AMED) shares are up after receiving an unsolicited proposal from Optum to acquire all outstanding shares for $100 per share. This comes after Amedisys entered into a merger agreement with Option Care Health (OPCH) on May 3, 2023.

Portfolio Pulse from Ryan Gustafson

June 05, 2023 | 6:05 pm

CAH

Cardinal Health (NYSE:CAH) has agreed to contribute its Outcomes business to Transaction Data Systems (TDS) in exchange for a minority stake in the combined entity. The deal is expected to close in Q3 2023 and will create a broad, integrated offering of pharmacy workflow software with patient engagement and clinical solutions.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2023 | 4:31 pm