Streetbeat News

Acquisitions Mergers

AROC

Archrock announced the expiration of the HSR waiting period for its acquisition of Total Operations and Production Services, LLC. The deal is expected to close in Q3 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 11:47 am

PARA

Paramount Global's shares are declining following the withdrawal of an acquisition proposal by Edgar Bronfman, Jr.'s consortium, ending the 'Go-Shop' period.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 11:35 am

CNDA

Events.com is set to go public through a merger with Concord Acquisition Corp II, valuing Events.com at a pre-money equity value of $314 million.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 11:11 am

PLYM

Plymouth REIT has partnered with Sixth Street to secure $500 million for growth, focusing on acquisitions and joint ventures. Sixth Street will invest $250 million in a joint venture for Plymouth's Chicago portfolio, with Plymouth retaining 35% ownership. The transaction is leverage-neutral, and Plymouth maintains its 2024 Core FFO guidance.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 11:03 am

SMFL

Smart for Life shares are experiencing an uptick following the company's announcement of negotiations for four Health & Wellness acquisitions.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 10:51 am

PARA

PARAA

WBD

Paramount Global's shares dipped nearly 5% in pre-market trading after Edgar Bronfman Jr. withdrew his $6 billion bid for the company. The withdrawal followed discomfort among Bronfman's partners about sharing personal information. Paramount is in exclusive merger talks with Skydance Media, with a deal expected to close in 2025.

Portfolio Pulse from Benzinga Neuro

August 27, 2024 | 10:37 am

EVTV

Envirotech Vehicles has secured $10M in financing and a $100M commitment to expand its production capabilities. This will enable the delivery of over 200 vehicles to PLUGD Electric Leasing and Rentals Inc., as well as 25 EV Bumble Bee school buses and 67 Class IV cargo vans for New Jersey's voucher program.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 10:36 am

KKR

KKR has received all necessary regulatory approvals for its voluntary public tender offer to acquire all outstanding shares of OHB SE.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:10 am

KSPI

Kazakh fintech company Kaspi.kz has expressed interest in acquiring Uzbekistan's Humo payment system as part of a major privatization effort. The State Assets Management Agency of Uzbekistan plans to privatize a 100% stake in Humo, which is a key player in the country's payment processing sector.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 7:52 am

FCPT

Four Corners Property Trust (FCPT) has acquired 19 properties from Bloomin' Brands for $66.4 million. This acquisition is part of FCPT's strategy to expand its real estate portfolio.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 7:40 am