Streetbeat News

Acquisitions Mergers

FORA

Forian Inc. (NASDAQ:FORA) has acquired Kyber Data Science LLC to enhance its data analytics capabilities, particularly in healthcare and financial services. This acquisition strengthens Forian's position in the healthcare information market and expands its reach into financial services.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:05 pm

MIDD

Middleby Corporation has acquired JC Ford, a leader in tortilla production systems with $70M in annual revenues. The acquisition aims to capitalize on the growing demand for tortilla products. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:05 pm

CELH

Celsius Holdings, Inc. has acquired Big Beverages Contract Manufacturing for $75 million, enhancing its production capabilities and supply chain control. The acquisition was completed using cash on hand and includes a modern manufacturing facility dedicated to Celsius products.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:03 pm

ECG

MDU

Everus Construction Group has successfully completed its spinoff from MDU Resources Group and will begin trading independently on the NYSE.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:38 pm

CSGP

IT

CoStar Group has secured a deal to relocate its headquarters to Arlington, Virginia, by early 2025. As part of the agreement, Gartner paid CoStar a $48 million early termination fee and signed a new lease for 49,000 square feet at 1201 Wilson Boulevard.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:36 pm

AAUKF

BHP

BHP has clarified that its chairman's comments about moving on from the failed $49 billion bid for Anglo American were not a formal withdrawal. The UK Takeover Panel confirmed that BHP's remarks do not constitute an official 'no offer' statement, leaving the door open for a future bid. BHP is focusing on expanding its operations in South America and addressing labor issues in Australia.

Portfolio Pulse from Stjepan Kalinic

November 01, 2024 | 12:29 pm

COYA

Coya Therapeutics has appointed Arun Swaminathan, Ph.D., as its new CEO. Swaminathan brings significant deal-making and strategic experience, including a $700M licensing deal with Dr. Reddy's Lab. The company is also highlighting the potential benefits of low-dose Interleukin-2 in an Alzheimer's Phase 2 trial.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:18 pm

KEQU

Kewaunee Scientific Corporation has announced its acquisition of Nu Aire for $55 million. This strategic move is expected to enhance Kewaunee's market position and expand its product offerings.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:07 pm

BAP

Credicorp announced its plan to acquire the remaining 50% interest in a joint venture with Empresas Banmédica, initially executed in December 2014 between Pacífico Compañía De Seguros Y Reaseguros S.A. and Banmédica.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:37 am

RILY

SF

B. Riley has signed a definitive agreement to sell a portion of its traditional wealth management business to Stifel Financial for an estimated $27M to $35M in cash. The deal involves transitioning 40 to 50 advisors and customer accounts with AUM of $3.5B to $4.5B to Stifel by early 2025.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:05 am