Streetbeat News

Acquisitions Mergers

ACN

Accenture has expanded its healthcare consulting capabilities in Germany by acquiring consus.health. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 6:58 am

PARA

PARAA

WBD

Paramount Global has concluded its 'Go-Shop' period, paving the way for an $8.4 billion merger with Skydance Media, led by David Ellison. Edgar Bronfman Jr.'s consortium withdrew their proposal, allowing the merger to proceed. The deal is expected to close in the first half of 2025.

Portfolio Pulse from Shanthi Rexaline

August 27, 2024 | 6:17 am

RCL

Royal Caribbean has signed a deal with Meyer Turku for a fourth Icon Class ship, with options for additional vessels in the series. This expansion indicates Royal Caribbean's commitment to growing its fleet and enhancing its offerings.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 6:16 am

NRXP

HOPE Therapeutics, a subsidiary of NRx Pharmaceuticals, plans to acquire a network of ketamine treatment clinics with $30 million in financing. The expansion aims to treat conditions like depression and PTSD, projecting $100 million in annual revenue by 2025.

Portfolio Pulse from Rolando García

August 26, 2024 | 10:48 pm

CBSTF

VRNOF

Cannabist Company Holdings has received a Buy rating from Canaccord Genuity, with a target price of C$1.00, due to its strategic divestments and focus on growth. The company sold its Florida assets and subsidiaries in Virginia and Arizona to Verano Holdings, aiming to enhance operational efficiency and financial health.

Portfolio Pulse from Patricio Liddle

August 26, 2024 | 10:38 pm

SMFL

Smart For Life is in negotiations to acquire four profitable companies in the health and wellness sector and is exploring additional acquisition opportunities.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 10:26 pm

CPB

Campbell has divested its Pop Secret business to Our Home, with the transaction expected to dilute Campbell's FY25 EPS by $0.04. The Pop Secret business generated $120 million in net sales in fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 8:35 pm

BRBR

CPB

K

KLG

SOVO

The food sector is poised for increased M&A activity as interest rates are expected to drop. Key players to watch include Campbell Soup and BellRing Brands, with recent acquisitions and potential takeover targets highlighted.

Portfolio Pulse from Surbhi Jain

August 26, 2024 | 8:28 pm

DRQ

GAMCO Asset Management, representing its clients and affiliates, plans to vote against the proposed merger between Dril-Quip and Innovex Downhole Solutions.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 8:17 pm

HR

KKR

Healthcare Realty Trust has added $118 million in properties to its joint venture with KKR, increasing the JV's value to nearly $500 million. The company plans further asset sales and JV transactions to boost proceeds to over $1 billion.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 8:17 pm