Streetbeat News

Acquisitions Mergers

BAX

CG

Carlyle Group is set to acquire Baxter International's Kidney Care segment for $3.8 billion. The segment will be renamed Vantive post-acquisition.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:00 am

TIGO

Atlas Luxco expressed disappointment over Millicom's independent committee's renewed negative recommendation. Atlas has increased its offer price for Millicom shares and Swedish Depositary Receipts to USD 25.75, a 7.3% increase from the initial offer. The offer expires on August 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:40 am

HD

Home Depot (NYSE:HD) is set to release its Q2 earnings on Aug. 13, 2024, with analysts expecting a decrease in EPS to $4.50 from $4.65 YoY and revenue of $43.37 billion. The company recently completed an $18.25 billion acquisition of SRS Distribution. Analysts have mixed ratings, with price targets ranging from $360 to $400.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 8:12 am

FLYX

flyExclusive has announced a $25 million preferred equity investment through a securities purchase agreement with EnTrust Global and EG Sponsor LLC. The investment involves the purchase of 25,510 shares of Series B Convertible Preferred Stock at $1,000 per share.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:24 pm

FRZA

VEEE

Twin Vee PowerCats Co. and Forza X1, Inc. have announced an all-stock merger agreement. Each holder of Forza common stock will receive 0.61166627 shares of Twin Vee common stock for each Forza share. The transaction is expected to close by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:27 pm

CNM

Core & Main has entered into a definitive agreement to acquire substantially all assets of GroGreen Solutions Georgia, LLC, a provider of erosion control products with four locations in the southeastern United States. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:20 pm

RXO

RXO has announced purchase agreements with MFN Partners and certain accounts managed by Orbis Investments for a $550 million private financing.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:18 pm

ACCD

Accolade shares are trading higher following a report suggesting the company is exploring a sale.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:42 pm

ACCD

Accolade shares surged as traders speculated that the company is exploring a sale.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:36 pm

GNLN

RILY

RVNC

SBUX

STIM

TRNR

U.S. stocks traded mixed with the S&P 500 edging higher. Starbucks shares gained 2% due to activist investor interest. Greenlane Holdings surged 218% on a new distribution deal, while Revance Therapeutics rose 86% after a merger agreement. B. Riley Financial and Neuronetics saw significant declines following poor financial results.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 6:33 pm