Streetbeat News

Acquisitions Mergers

ILMN

Grail Inc, a subsidiary of Illumina Inc (NASDAQ:ILMN), mistakenly sent form letters to 400 patients suggesting they may have developed cancer due to a software configuration error. The incident has led to MassMutual pausing its pilot and Principal reviewing its relationship with Grail.

Portfolio Pulse from Vandana Singh

June 05, 2023 | 11:47 am

CWH

Camping World Holdings (CWH) announced plans to acquire Roy Robinson RV Center in Washington State, with the deal expected to close in Q3 2023. This acquisition will increase CWH's Washington location count to seven.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:35 am

DHC

Flat Footed LLC announced its intention to vote against the proposed merger of Diversified Healthcare Trust (DHC) with Office Properties Income Trust.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:35 am

ESI

Element Solutions Inc (ESI) has acquired Kuprion, a company specializing in copper-based electronic materials. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:34 am

CIR

KKR

CIRCOR International (CIR) has agreed to be acquired by investment funds managed by KKR & Co (KKR) in an all-cash transaction valued at $1.6 billion, including debt. KKR will acquire all outstanding shares of CIRCOR for $49 per share, a 55% premium to its closing stock price on June 2, 2023. The transaction is expected to close in Q4 2023.

Portfolio Pulse from Shivani Kumaresan

June 05, 2023 | 11:33 am

AVTA

Engine Capital has sent a letter to the board of Avantax, urging them to explore strategic alternatives, including a potential sale of the company. The sale could fetch between $27 and $32 per share, representing a 34% premium for stockholders.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:10 am

CIR

KKR

CIRCOR has agreed to be acquired by KKR for $1.6 billion. KKR will acquire all outstanding shares of CIRCOR common stock for $49 per share in cash, representing a 55% premium to the company's closing stock price on June 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:04 am

CIR

KKR

KKR is reportedly close to acquiring Circor International for $49 per share, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

June 05, 2023 | 10:54 am

KW

PACW

Kennedy-Wilson Holdings has waived the due diligence condition on a total of 73 loans in the portfolio under agreement with Pacwest, with a total purchase price of approximately $2.1 billion.

Portfolio Pulse from Charles Gross

June 05, 2023 | 10:28 am

GNL

RTL

Global Net Lease (GNL) and The Necessity Retail REIT (RTL) have entered a Cooperation Agreement with Blackwells Capital. Blackwells will withdraw their nomination notices and proposals at both GNL and RTL, and vote in favor of the share issuances for the previously announced merger of GNL and RTL.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 10:03 am