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Acquisitions Mergers

LMT

The UAE plans to revive a $23 billion deal for F-35 jets and drones with the U.S. if Donald Trump returns to the presidency. The deal, initially approved by Trump, was stalled under Biden due to disagreements, including the UAE's use of Huawei technology.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 11:09 am

GIS

General Mills (NYSE:GIS) is set to release its Q1 earnings on Sept. 18, with expectations of $1.06 EPS and $4.79 billion in revenue. Analysts have revised price targets downward, reflecting cautious sentiment. The company recently sold its North American Yogurt business.

Portfolio Pulse from Avi Kapoor

September 13, 2024 | 10:54 am

VOYA

Voya Financial has agreed to pay OneAmerica Financial Partners $50 million upon closing a deal for its full-service retirement recordkeeping business. Additionally, Voya may pay up to $160 million in contingent consideration based on retained revenues.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 10:18 am

BC

Freedom Boat Club, a Brunswick brand, has acquired a South Florida franchise, adding 13 corporate locations and expansion rights along the Southeast Florida coastline. Terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 10:03 am

NOK

Nokia is searching for a new CEO amid declining sales and a subdued share price. The company faces challenges from weak telecom spending and competition, despite recent acquisitions and partnerships.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 9:17 am

UXIN

Uxin Limited (NASDAQ:UXIN), a leading used car retailer in China, has secured a $7.5 million investment from Pintu (Beijing) Information Technology Co., Ltd., a subsidiary of Dida Inc. The investment involves subscribing to over 1.5 billion Class A ordinary shares and includes a loan agreement with Youxin Anhui.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 9:04 am

FLUT

Flutter Entertainment has acquired a 56% stake in Brazil's NSX Group for $350 million. The deal includes cash payment and the contribution of Flutter's Betfair Brazil business. Flutter has options to increase its stake in the future.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 7:39 am

MMI

Marcus & Millichap has successfully closed a $187.5 million deal for a 497-unit multifamily property in Phoenix. This acquisition highlights the company's active role in the real estate market.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 7:35 am

LCW

Learn CW Investment has extended the deadline to complete its initial business combination to October 13, 2024. This extension provides more time for the company to finalize its merger or acquisition plans.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 7:25 am

NPSCY

X

Nippon Steel's $14.1 billion acquisition of U.S. Steel faces opposition from United Steelworkers and U.S. political figures, including Vice President Kamala Harris. The union deems the deal 'doomed' and is prepared to fight against foreign ownership. The Committee on Foreign Investment has not yet made a recommendation.

Portfolio Pulse from Kaustubh Bagalkote

September 13, 2024 | 3:46 am