Streetbeat News

Acquisitions Mergers

NXU

Nxu shares are experiencing an increase in trading value following the announcement of a merger with Verde Bioresins.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:42 pm

SOLV

Solventum shares are rising following reports that the company is considering selling its filtration unit.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:35 pm

MMM

Solventum is considering the sale of its purification and filtration unit and has engaged bankers to explore this option. This move comes after a recent spinoff from 3M, indicating a strategic shift in Solventum's business operations.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:34 pm

TSCO

Tractor Supply's shares fell after reporting disappointing Q3 revenue results and announcing the acquisition of Allivet in an all-cash deal.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 2:50 pm

KDP

Keurig Dr Pepper's Q3 earnings met expectations, but sales fell short, leading to a 4.06% drop in share price. The company announced the acquisition of GHOST Lifestyle and Beverages to boost its energy drink portfolio, with full consolidation expected by 2025.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2024 | 2:02 pm

E

FMCX

KKR

LBO

KKR has acquired a 25% stake in Enilive from Eni for €2.938 billion, supporting Eni's energy transition strategy. This transaction improves Eni's capital structure and marks a significant step in its business strategy. Eni and KKR shares are trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

October 24, 2024 | 1:52 pm

AYI

Acuity Brands, Inc. (NYSE:AYI) has announced an agreement to acquire QSC, LLC for $1.215 billion. The transaction is expected to close in Q2 2025 and be accretive to Acuity's fiscal 2025 earnings per share.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 1:19 pm

NXU

Nxu and Verde Bioresins have announced an all-stock merger to enhance shareholder value and sustainability. The new entity will be named 'Verde Bioresins, Corp.' and will trade on Nasdaq under the symbol 'VRDE'.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 1:18 pm

TSCO

Tractor Supply Company (NASDAQ:TSCO) reported Q3 earnings per share in line with expectations but missed net sales estimates, leading to a premarket share decline. The company confirmed the acquisition of Allivet, an online pet pharmacy, to enhance its offerings for companion animals. Despite a slight decline in comparable store sales, gross profit and margin improved. Tractor Supply adjusted its 2024 net sales and EPS forecasts slightly upward.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2024 | 1:02 pm

PLBY

PLBY Group has unanimously rejected an unsolicited non-binding offer from Cooper Hefner and Hefner Capital to acquire Playboy assets. The terms of the offer were disclosed publicly by Hefner on October 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:36 pm