Streetbeat News

Acquisitions Mergers

SPXC

SPX Technologies has completed the acquisition of ASPEQ Heating Group for $418 million in cash. The company raised its 2023 guidance, expecting annual revenue of about $120 million from ASPEQ. SPXC now projects revenue of $1.68 billion-$1.72 billion and an adjusted operating income margin of 15.00%-15.75%.

Portfolio Pulse from Lekha Gupta

June 05, 2023 | 1:13 pm

KTTA

LSDI

Lucy Scientific Discovery (LSDI) has proposed to acquire Pasithea Therapeutics (KTTA) for $0.60 per share in cash and $0.25 per share in LSDI stock.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 1:02 pm

XPDB

Power & Digital Infrastructure Acquisition II is set to combine with Montana Technologies to commercialize AirJoule technology for decarbonization of HVAC systems and water supply. The expected enterprise value of the combined entity is $500 million.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 1:01 pm

OPCH

Option Care Health (NASDAQ: OPCH) filed a registration statement with the SEC for its proposed merger with Amedisys, reiterating its belief in the value creation opportunities for both companies. The all-stock transaction is expected to close in H2 2023, with the combined company generating over $500 million in annual cash flow by 2025 and $1 billion in combined Adjusted EBITDA by 2027.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 12:35 pm

B

Barnes Group Inc. has announced its plans to acquire MB Aerospace, a leading provider of complex, highly-engineered components for the aerospace industry.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 12:32 pm

BWMN

Bowman Consulting Group (BWMN) has acquired MTX Surveying, a land surveying company. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 12:28 pm

RVYL

RYVYL announces its Board of Directors has approved the filing for a merger with coyni, with terms previously disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 12:23 pm

AMED

OPCH

Amedisys has received an unsolicited proposal from Optum to acquire the company for $100 per share. Amedisys stockholders would receive 3.0213 shares of Option Health Care for each share of Amedisys.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 12:18 pm

KW

PACW

Fairfax Financial Partners and Kennedy Wilson (KW) are set to acquire a loan portfolio from Pacific Western Bank (PACW) for approximately $2.1 billion.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:58 am

CIR

KKR

CIRCOR International's shares are trading higher after announcing an agreement to be acquired by KKR for $49 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:49 am