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Acquisitions Mergers

RELI

Reliance Global Group has announced enhanced terms for its pending acquisition of Spetner Associates. This development could impact the company's stock as it may influence investor sentiment and future growth prospects.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:15 pm

MEOH

MRK

Several major stocks, including Methanex, Merck, and others, are experiencing declines in Monday's pre-market session. Methanex's shares fell 6.3% after announcing a $2.05 billion acquisition of OCI Global's methanol business. Merck's shares dropped 4.8% following clinical trial results.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 12:11 pm

CWST

Casella Waste Systems is set to acquire Royal Carting and Welsh Sanitation, with the deal expected to close in Q4. The acquisition is projected to generate over $90 million in annualized revenue.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:03 pm

MEOH

Methanex shares declined following the announcement of its $2.05 billion acquisition of OCI Global's international methanol business.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:33 am

SQSP

Squarespace has revised its buyout offer with Permira, increasing the offer to $46.50 per share, valuing the deal at $7.2 billion. This represents a significant premium over previous prices and is structured as a tender offer.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:20 am

INVE

Hirsch has relaunched its brand with a focus on comprehensive security solutions following the acquisition of Identiv's business units by Vitaprotech. This positions Hirsch as a leader in physical security and cybersecurity.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:16 am

PBA

Pembina Gas Infrastructure, a joint venture between Pembina Pipeline and KKR, is acquiring midstream assets from Veren Inc. for C$400 million. The acquisition includes oil batteries in the Gold Creek and Karr areas, enhancing PGI's processing capacity.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:13 am

MEOH

MGNR

Methanex Corporation (NASDAQ:MEOH) is set to acquire OCI Global's international methanol business for $2.05 billion, enhancing its global production by over 20%. The acquisition is expected to be immediately accretive to free cash flow per share and add $275 million to annual Adjusted EBITDA. The deal is anticipated to close in the first half of 2025, pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 11:09 am

RILY

B Riley's board has formed a special committee to evaluate a proposal to take the company private. This move indicates potential significant changes in the company's structure and ownership.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:07 am

RILY

B. Riley Financial is negotiating the sale of a majority stake in Great American Group at a $380 million enterprise value and is financing its brands portfolio for $236 million. The company expects to receive approximately $410 million in gross cash proceeds from these transactions.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:05 am