Streetbeat News

Acquisitions Mergers

FA

First Advantage reported its third quarter 2024 results and announced the completion of its acquisition of Sterling on October 31. The company maintains its standalone full-year 2024 guidance and has issued combined company guidance including Sterling.

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November 12, 2024 | 11:45 am

ARCC

Ares Capital reported a strong Q3 with a 3.3% total NAV return and a record NAV of $19.77. The company offers a 9.2% dividend yield and an 11.1% core earnings yield. Its portfolio is diversified across 535 companies, focusing on larger firms, and it recently acquired Riverside Credit Solutions.

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November 12, 2024 | 10:45 am

PGPHF

HEALWELL reported record revenue of $13.7 million in Q3-2024, a 738% increase from Q3-2023, driven by acquisitions of BioPharma Services Inc. and VeroSource Solutions Inc.

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November 12, 2024 | 10:15 am

BGCP

BGC Group is experiencing a growth phase driven by technology investments and electronic trading, with the Fenics business at the forefront. Recent acquisitions in commodities, energy, and shipping sectors are expected to boost revenue, aligning with demand for inflation hedges.

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November 12, 2024 | 9:45 am

BAM

SEGRO PLC will not enhance its all-share offer for Tritax Eurobox PLC but has agreed to purchase some assets from Brookfield Asset Management, which offered a higher cash deal for Eurobox.

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November 12, 2024 | 9:15 am

OMGPF

Omega Pacific Resources Inc. has exercised its option to acquire a 51% interest in the Williams Property from Copaur Minerals Inc. This is part of an agreement to potentially acquire up to 100% interest in the property.

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November 12, 2024 | 8:30 am

FUFU

BitFuFu, a digital asset mining service provider, has secured a $100 million credit line from Antpool Technologies. The funds will be used for general corporate purposes, including potential mergers and acquisitions and covering hosting fees.

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November 12, 2024 | 7:45 am

ANET

Arista Networks is rated a Buy due to its strong cash flow, premium valuation, and potential for value creation through M&A or increased buybacks. Despite lower growth guidance, the company has a history of underpromising and overdelivering.

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November 12, 2024 | 6:30 am

NUS

Nu Skin Enterprises, Inc. is focusing on new products and digital transformation to drive future growth. Despite recent earnings disappointments, the company has optimistic EPS growth projections for 2025-2026 and multiple revenue catalysts, including global market expansion and strategic acquisitions.

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November 12, 2024 | 5:15 am