Streetbeat News

Acquisitions Mergers

SACH

Sachem Capital has acquired a 20% membership interest in Shem Creek Capital, LLC for $5 million. Shem Creek Capital is the management company for Shem Creek Private Credit Funds.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 11:01 am

BP

OFOS

RIG

XES

Transocean Ltd (NYSE:RIG) has secured a $232 million contract with BP for the Deepwater Atlas in the Gulf of Mexico, boosting its backlog. The company also announced asset sales totaling $342 million, resulting in a significant non-cash charge. RIG shares rose 4.59% premarket.

Portfolio Pulse from Lekha Gupta

September 11, 2024 | 10:59 am

ALIM

ANIP

ANI Pharmaceuticals and Alimera Sciences have scheduled the closing of their merger transaction for September 16, 2024, before the market opens.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:56 am

INFU

SMTI

InfuSystem and Sanara Medtech have entered into an exclusive US distribution agreement with ChemoMouthpiece. Sanara has also invested $5 million for a 6.6% ownership stake in ChemoMouthpiece.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:32 am

COVTY

Abu Dhabi National Oil Company is expected to make a formal offer to acquire Covestro for approximately 14.4 billion euros. This acquisition could impact Covestro's stock, which is traded as an ADR under the symbol COVTY in the US.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 9:30 am

NPSCY

X

Nippon Steel's Vice Chairman, Takahiro Mori, is attempting to salvage a $15 billion acquisition of U.S. Steel amid national security concerns raised by the Biden administration. Vice President Kamala Harris has expressed that U.S. Steel should remain American-owned. The Committee on Foreign Investment in the United States (CFIUS) will review the deal.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 7:41 am

HP

Helmerich & Payne has priced $1.25 billion in senior notes to support its acquisition of KCA Deutag International Limited. The proceeds will also be used to repay KCAD's debt and reduce commitments under an existing bridge loan facility.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:18 am

OKE

ONEOK has priced $7 billion in senior notes to finance acquisitions of interests in EnLink Midstream and Medallion Midstream, as well as to repay corporate debt. The net proceeds are expected to be approximately $6.92 billion.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:07 am

BG

Bunge has priced a $2 billion Senior Notes offering to support its acquisition of Viterra and repay part of Viterra's debt. The offering includes three tranches of unsecured notes due in 2028, 2029, and 2034.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:32 am

HPE

JNPR

Hewlett Packard Enterprise (HPE) has announced a $1.35 billion public offering of convertible preferred stock to fund its acquisition of Juniper Networks. The proceeds will be used to cover the acquisition costs and related expenses.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:12 am