Streetbeat News

Acquisitions Mergers

BERY

GLT

Berry Global Group, Inc. (NYSE:BERY) and Glatfelter Corporation (NYSE:GLT) announced the creation of the Magnera brand as part of their proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:38 pm

NOW

ServiceNow has acquired Raytion to enhance its AI search capabilities with Raytion's information retrieval technology. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:35 pm

TMO

Thermo Fisher Scientific Inc. (NYSE: TMO) reported a slight dip in Q2 revenue but beat earnings expectations. The company completed the acquisition of Olink and raised its annual profit outlook. Despite a premarket stock dip, the outlook remains positive.

Portfolio Pulse from Vandana Singh

July 24, 2024 | 12:32 pm

CLW

Clearwater Paper Corporation (CLW) has announced the sale of its tissue business to Sofidel America for $1.06 billion. This transaction is expected to reduce Clearwater Paper's net debt and support its transformation into a leading independent supplier of paperboard to North American converters.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:24 pm

GPI

Group 1 Automotive Inc (NYSE:GPI) reported mixed Q2 FY24 earnings with sales growth of 3% year-on-year to $4.696 billion, missing the consensus estimate. New vehicle sales grew, but gross profit and operating income declined. Adjusted EPS beat expectations. The company faced challenges from a CDK Global outage and adverse weather events. GPI repurchased shares and is focused on acquiring Inchcape’s U.K. retail automotive business.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 12:12 pm

STGW

Stagwell has acquired the digital agency company LEADERS. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:08 pm

MS

Morgan Stanley Expansion Capital has acquired a stake in the UK-based fintech company Sokin. The investment aims to accelerate Sokin's product growth and global expansion. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:08 pm

AMIX

Autonomix Medical, Inc. (NASDAQ:AMIX) has completed a licensing transaction with RF Innovations, Inc. for the Apex 6 Radiofrequency Generator. This deal grants Autonomix a perpetual non-exclusive worldwide and royalty-free license, reinforcing its FDA regulatory pathway and enhancing its supply chain.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:03 pm

RCM

R1 RCM's Special Committee has set a deadline of July 31 for interested parties to submit fully-financed bids as part of its review process.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:03 pm

LRHC

La Rosa Holdings Corp (NASDAQ: LRHC) announced plans to acquire Celebration Corporate Center LLC through its subsidiary, La Rosa Property Management LLC. The acquisition is expected to finalize in Q3 2024 and aims to boost LRHC's real estate presence. The company also reported a 15% growth in Q2 transaction volume and anticipates a 30% annual growth rate in properties under management, contributing to significant revenue increases in 2024.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 12:00 pm