Streetbeat News

Acquisitions Mergers

BWA

BorgWarner Inc. (BWA) announced Rohan S. Weerasinghe as Non-Executive Chairman of PHINIA Inc. following the spin-off of the Fuel Systems and Aftermarket segments. The spin-off is expected to be completed by the end of Q3 2023. Other board members include Brady D. Ericson, Samuel R. Chapin, Robin Kendrick, D'aun Norman, and Roger J. Wood.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:13 pm

LFAC

LF Capital Acquisition Corp. II (LFAC) is in talks for a business combination with a profitable US-based packaging company. LF II is seeking an amendment to its charter to extend the deadline for an initial business combination until November 19, 2023.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:11 pm

HZO

MarineMax has acquired C&C Boat Works, a full-service boat dealer in Crosslake, Minnesota. C&C Boat Works has provided premium boat brands and customer service for over 60 years, featuring brands like Barletta, Cobalt, Harris, and Nautique.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:05 pm

SGII

Seaport Global Acquisition II and American Battery Materials have announced a definitive business combination agreement worth $225 million.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:01 pm

DCHPF

DPHAY

Dechra Pharmaceuticals has agreed to a £4.5 billion takeover offer by EQT at a 44% premium to its closing price on April 12, 2023. The acquisition is expected to complete by the end of 2023 or early 2024. Dechra now expects full-year underlying operating profit to be materially below the guidance of £186 million.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 11:53 am

DDD

SSYS

3D Systems has submitted a proposal to merge with Stratasys in a cash and stock deal, converting each Stratasys share into $7.50 in cash and 1.2507 shares of 3D Systems common stock. The merger would create an additive manufacturing industry leader, with Stratasys shareholders owning 40% of the combined company and receiving approximately $540 million in cash.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 11:31 am

CTRE

CareTrust REIT, Inc. (NYSE:CTRE) has acquired a 105-unit, two-facility memory care portfolio in Ohio and Michigan for approximately $21.1 million. The acquisition was funded using proceeds from the company's $600 million unsecured revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 11:02 am

AGRI

AgriFORCE has formally ended its efforts to acquire Delphy Group BV after extensive due diligence and evaluation of financials, impairment risk, and market conditions. A revised purchase price could not be agreed upon by the parties.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 11:01 am

CS

UBS

UBS CEO announced that they hope to complete the Credit Suisse deal in the next few days, having received approvals from over 170 authorities.

Portfolio Pulse from Charles Gross

June 02, 2023 | 10:03 am

ATVI

MSFT

Activision Blizzard CEO Bobby Kotick denies systemic harassment issues within the company, ahead of the two-year anniversary of the lawsuit accusing the publisher of sexual harassment and discrimination. This comes as the company prepares for the launch of Diablo IV and a potential $69 billion acquisition deal with Microsoft.

Portfolio Pulse from Franca Quarneti

June 01, 2023 | 10:53 pm