Streetbeat News

Acquisitions Mergers

STRW

Strawberry Fields REIT has completed a $19.25 million acquisition of skilled nursing facilities, increasing its annual rents by $1.925 million. The acquisitions include facilities in Texas and Tennessee, with leases that include annual rent increases.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:32 am

DRVN

Driven Brands has sold its Canadian distribution unit to PGW Auto Glass, with plans to use the proceeds for debt reduction. The sale is expected to have minimal impact on the company's fiscal year 2024 outlook.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:23 am

RYAN

Ryan Specialty has agreed to acquire certain assets of Geo Underwriting Europe BV, a European managing general agent. This acquisition will enhance Ryan Specialty's Financial Lines unit and support its European expansion. The deal is expected to close in the third quarter.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:11 am

CIGI

Colliers has entered a definitive agreement to acquire Australia's Pritchard Francis Consulting Pty Limited. The senior leadership of Pritchard Francis will continue to lead the business and become significant shareholders in Colliers' Engineering platform.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:08 am

ABIO

ORKA

Oruka Therapeutics has completed its merger with ARCA Biopharma and will begin trading under the ticker ORKA. The company also appointed CRISPR CEO Samarth Kulkarni as Chairman. A $275 million private placement was completed, and the company has approximately 46.3 million shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:06 am

ENSG

Ensign Group has acquired operations of several skilled nursing facilities in Colorado. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 10:57 am

GTLB

GitLab Inc. (NASDAQ:GTLB) is set to release its Q2 earnings, with expectations of 10 cents per share and $176.89 million in revenue. Analysts have revised their ratings and price targets, with some maintaining a Buy rating but lowering targets. GitLab is also exploring a potential sale.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 10:55 am

BITF

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) is pushing for changes in Bitfarms Ltd.'s board due to governance issues. Riot, owning 19.9% of Bitfarms, criticizes recent board changes and the proposed acquisition of Stronghold Digital Mining, citing concerns over governance and shareholder interests.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 10:50 am

CALT

Asahi Kasei has announced that it controls over 90% of Calliditas Therapeutics and plans to delist its common shares from Nasdaq Stockholm and its American Depositary Shares from the Nasdaq Global Select Market.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 10:42 am

ENSG

Ensign Group has acquired the operations of Prairie Ridge Health and Rehabilitation, a 102-bed skilled nursing facility in Park, Kansas. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 10:04 am