Streetbeat News

Acquisitions Mergers

UHAL

U-Haul has acquired the former Lazy Day Storage facility at 6619 Lanier Islands Parkway in Buford, now named U-Haul Moving & Storage at Lake Lanier. The facility includes 307 drive-up self-storage units and offers U-Haul truck and trailer sharing, towing equipment, and moving supplies. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:10 am

CLVT

Clarivate has acquired Rowan TELS Corp. through its subsidiary. Rowan TELS Corp. provides Rowan Patents, a solution for patent drafting and prosecution. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:04 am

VSTO

Vista Outdoor has increased the purchase price in its merger agreement with CSG by $50 million to $2.15 billion. Additionally, Vista Outdoor will return approximately $125 million in cash to its stockholders, increasing the cash consideration to $24.00 per share. The CSG Transaction is expected to deliver $430 million in additional value to stockholders.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:02 am

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) has agreed to sell its Off-the-Road (OTR) tire business to The Yokohama Rubber Company for $905 million in cash. The sale is part of Goodyear's broader transformation plan and is expected to close by early 2025. The proceeds will help reduce debt and support other initiatives.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 9:55 am

AMZN

INDA

Amazon India is in talks with Swiggy for a potential deal involving its quick commerce business under Instamart.

Portfolio Pulse from charles@benzinga.com

July 22, 2024 | 9:42 am

DIS

GOOG

GOOGL

INDA

India's antitrust body has sent 100 questions to Reliance and Disney regarding their $8.5 billion merger in India. The body is also questioning why YouTube should be considered in the same market as other streaming services.

Portfolio Pulse from charles@benzinga.com

July 22, 2024 | 9:35 am

AMZN

Amazon has acquired Bray Film Studios in the UK, known for its Hammer Horror films, as part of its push to expand production capabilities.

Portfolio Pulse from charles@benzinga.com

July 22, 2024 | 9:30 am

NCPL

RYAAY

SERV

TELL

Shares of Tellurian Inc. (NASDAQ:TELL) surged 65% in pre-market trading after Woodside Energy announced plans to acquire the company for $900 million in an all-cash deal. Other notable pre-market movers include Netcapital Inc. (NASDAQ:NCPL), Serve Robotics Inc. (NASDAQ:SERV), and Ryanair Holdings plc (NASDAQ:RYAAY).

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 9:24 am

JCI

Hitachi and Johnson Controls International are finalizing the sale of their joint venture, which handles home air conditioners and other air conditioning products, to Germany's Robert Bosch.

Portfolio Pulse from charles@benzinga.com

July 22, 2024 | 8:49 am

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) has agreed to sell its Off-the-Road (OTR) tire business to Yokohama Rubber Company for $905 million in cash. The sale is part of Goodyear's strategic Goodyear Forward transformation plan. The transaction is expected to close by early 2025, subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 7:06 am