Streetbeat News

Acquisitions Mergers

JTURB

SEI

J Turbines Inc has reported a 21.1% stake in Solaris Energy Infrastructure Inc as of September 11, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 8:20 pm

NR

Newpark Resources has sold its Fluids Systems segment to SCF Partners for a base price of $127.5 million, with net proceeds of $56 million. The sale will generate tax benefits and lead to a reclassification of the segment as Discontinued Operations. Newpark plans to use the proceeds for investments and share buybacks.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 8:17 pm

ACAC

Acri Capital Acquisition Corporation (NASDAQ:ACAC) has extended its deadline for completing an initial business combination to October 14, 2024, with a $50,000 payment from Foxx Development Inc. This extension is part of a monthly extension option available until January 14, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 8:06 pm

WINV

WinVest Acquisition Corp. has extended its termination date from September 17 to October 17, providing more time for potential business combinations or other strategic decisions.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 8:06 pm

BTSG

KKR

WBA

BrightSpring Health Services announced that KKR & Co. will purchase 11,619,998 shares of BrightSpring's common stock from Walgreen Co. in a private transaction. BrightSpring is not issuing new shares, and the deal is expected to close by September 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 8:01 pm

CRSR

Corsair has acquired the business operations of Endor AG in an asset deal. Endor will be fully liquidated, and its stock market listing will be terminated. Shareholders should not expect any payments.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 7:34 pm

CLF

Cleveland-Cliffs shares are rising following the successful amendment of its $4.75 billion Asset-Based Lending facility, which is part of the financing for its pending acquisition of Stelco Holdings Inc.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:53 pm

CLF

Cleveland-Cliffs has secured a $4.75 billion amended asset-based lending facility to support its acquisition of Stelco. The facility replaces Goldman Sachs with increased commitments from multiple banks. CEO Goncalves emphasized strong support and a solid financial position to close the deal by Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:52 pm

BELT

IYG

MA

Mastercard is acquiring Recorded Future for $2.65 billion to enhance its cybersecurity services. Analysts see this as a positive move, expecting synergies and revenue growth by 2025. Mastercard shares rose 0.54% following the announcement.

Portfolio Pulse from Lekha Gupta

September 13, 2024 | 6:31 pm

INTC

MBLY

VYM

XLK

Intel has secured approximately $2 billion in state aid from the European Commission for its new chip plant in Poland. The plant, initially announced in 2022, is expected to be completed by the end of 2024. Intel's stock has been down 50% over the past year, and the company is considering strategic stake sales in Mobileye and its Enterprise Networking division.

Portfolio Pulse from Anusuya Lahiri

September 13, 2024 | 6:15 pm