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Acquisitions Mergers

APD

GCAD

HON

PPA

UAL

Honeywell International Inc. (HON) has been selected by United Airlines Holdings, Inc. (UAL) to supply advanced avionics for its new 737 MAX aircraft over the next decade. This includes 3D weather radar, 25-hour flight data recorders, and traffic avoidance systems. Honeywell's stock is trading slightly higher following the news. Additionally, Honeywell recently agreed to acquire Air Products And Chemicals, Inc.'s (APD) LNG process technology and equipment business for $1.81 billion. Investors can gain exposure to Honeywell via Gabelli Commercial Aerospace And Defense ETF (GCAD) and Invesco Aerospace & Defense ETF (PPA).

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 11:39 am

RTO

Rentokil shares are trading higher following a report suggesting former BT CEO Philip Jansen is in talks to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:27 am

RTO

Rentokil shares are trading higher premarket following a report that former BT CEO Philip Jansen is in talks to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:27 am

ERO

Ero Copper Corp. (NYSE:ERO) has signed a definitive earn-in agreement with Salobo Metais S.A, a subsidiary of Vale Base Metals Limited, to acquire a 60% interest in the Furnas Copper Project in Brazil.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:05 am

CRWS

Crown Crafts, Inc. (NASDAQ:CRWS) has acquired the assets of Baby Boom Consumer Products, Inc. for $18 million. The acquisition is expected to add $20 million annually to Crown Crafts' net sales and generate $20 million in synergies. The deal was financed through a term loan and an extended line of credit.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:59 am

DOV

TEX

Terex Corporation (TEX) is acquiring Dover Corporation's (DOV) Environmental Solutions Group for $2 billion. The acquisition is expected to reduce cyclicality, deliver financial accretion, and lower capital intensity for Terex. Additionally, it is projected to unlock $25 million in cost and revenue synergies by 2026 and enhance Terex's presence in the waste and recycling segment, expanding its North American market.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:58 am

TELL

WDS

Tellurian Inc. (NYSE:TELL) shares surged after announcing a $1.2 billion acquisition deal with Woodside Energy Group Ltd (NYSE:WDS). The deal includes a $900 million all-cash payment and a $230 million loan to support Driftwood LNG operations. The acquisition price represents a significant premium to Tellurian's recent stock prices.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 10:58 am

DNUT

Krispy Kreme, Inc. (NASDAQ:DNUT) has sold a majority stake in Insomnia Cookies to Verlinvest and Mistral Equity Partners for a total enterprise value of $350 million, which has doubled since its 2018 acquisition. Krispy Kreme received $127.4 million immediately and expects an additional $45 million soon.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:53 am

TELL

Tellurian shares are trading higher following the announcement that the company will be acquired by Woodside Energy for approximately $900 million.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:51 am

CLW

Clearwater Paper has entered a definitive agreement to sell its tissue business to Sofidel America for $1.06 billion. The company expects net proceeds of approximately $850 million, which will be used to reduce debt and invest in growth initiatives. The transaction is expected to close in late 2024.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:12 am