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Acquisitions Mergers

UUUU

Energy Fuels Inc. has received approval from the Federal Court of Australia for its acquisition of Base Resources Limited through a scheme of arrangement. The acquisition is expected to close on October 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:21 pm

MCFT

MasterCraft Boat Holdings, Inc. has agreed to sell its Merritt Island boat manufacturing plant, with the transaction expected to close in Q2. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:07 pm

MPW

Medical Properties Trust shares rose after announcing a global settlement that restored control over its real estate and ended its relationship with Steward Health Care.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:37 am

MSFT

Microsoft has laid off 650 employees in its gaming division as part of a restructuring following its $68.7 billion acquisition of Activision Blizzard. This move is part of a broader strategy to integrate new teams and streamline operations, affecting about 8% of its gaming workforce.

Portfolio Pulse from Rounak Jain

September 12, 2024 | 11:31 am

MA

Mastercard has announced an agreement to acquire Recorded Future, a global threat intelligence company, from Insight Partners for $2.65 billion. This acquisition is part of Mastercard's strategy to expand its cybersecurity services.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:21 am

GIS

General Mills plans to sell its North American yogurt business, which is expected to dilute adjusted EPS by approximately 3% in the first year post-sale. The company intends to use the proceeds for share repurchases and will provide more details in its Q1 2024 earnings report.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:03 am

GIS

General Mills has entered into agreements to sell its North American Yogurt business to Lactalis and Sodiaal for $2.1 billion. The transactions are expected to close in 2025, pending regulatory approvals. The yogurt business contributed $1.5 billion to General Mills' fiscal 2024 net sales.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:02 am

GEVO

Gevo, Inc. is acquiring Red Trail Energy's ethanol production and carbon capture assets for $210 million. This acquisition is expected to make Gevo's Adjusted EBITDA positive by 2025 and aligns with its strategy to produce net-zero fuels. The deal enhances Gevo's capabilities in carbon abatement and sustainable aviation fuel production.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:00 am

LLY

Eli Lilly is significantly expanding its manufacturing capabilities with a $1 billion investment in Limerick, Ireland, and unveiling a new $800 million facility in Kinsale. This is part of a broader $20 billion expansion strategy since 2020.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:31 am

ACI

KR

Kroger has extended the deadline for exchange offers and consent solicitations on Albertsons notes to September 17, 2024. This move is part of Kroger's ongoing efforts related to its dealings with Albertsons.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:09 am