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Acquisitions Mergers

AMC

IMAX

Imax China reported a 9% drop in profit to $12.65 million for the first half of 2024, with revenue falling 3.2% to $43.9 million. The company faces challenges due to a slowdown in China's box office and a lack of visually appealing films. Speculation is rising about a potential new privatization bid by its Canadian parent, Imax Corp. (NYSE:IMAX), after a previous bid failed.

Portfolio Pulse from The Bamboo Works

August 05, 2024 | 2:15 pm

WDS

Woodside has acquired OCI's Clean Ammonia Project in Beaumont, Texas for $2.35 billion. The project, which is under construction, aims to produce ammonia by 2025 and lower carbon ammonia by 2026. This acquisition is expected to be free cash flow accretive from 2026 and earnings per share accretive from 2027.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 1:04 pm

AMC

K

TWKS

Market-Moving News for August 5th: Kellanova shares rise on acquisition rumors by Mars, Thoughtworks Holdings shares surge on strong Q2 results and privatization deal, while AMC Entertainment Holdings shares fall after disappointing Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:55 pm

AQMS

K

MGOL

ZVRA

Shares of Kellanova (NYSE:K) surged 14.5% in pre-market trading following a report that Mars is considering acquiring the company. Other notable pre-market movers include MGO Global, Inc. (NASDAQ:MGOL), Zevra Therapeutics, Inc. (NASDAQ:ZVRA), and Aqua Metals, Inc. (NASDAQ:AQMS), among others.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 12:54 pm

GAIN

Gladstone Investment Corporation (NASDAQ:GAIN) has invested $18.5 million in secured first lien debt to support its equity position in Nocturne Luxury Villas through the acquisition of Grand Cayman Villas and Condos. This move aims to enhance Nocturne's portfolio with over 180 exclusive properties in Grand Cayman.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:50 pm

CTXR

TENK

TenX Keane shares are trading higher after shareholders approved the combination with Citius Pharma's oncology subsidiary.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:25 pm

NVEI

Nuvei is set to acquire Pay2All Instituição de Pagamento, enhancing its capabilities in the Brazilian market and strengthening its presence in Latin America. This acquisition marks a significant milestone in Nuvei's global expansion strategy.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:22 pm

ACA

Stellex Capital Management has announced a definitive agreement to acquire McConway & Torley and Standard Forged Products from Arcosa, Inc. (NYSE: ACA). The acquisition is expected to close in the third quarter. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:14 pm

AMSC

AMSC has acquired NWL, Inc. for $25 million in cash and issued 1,297,600 restrictive shares as part of the transaction.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:09 pm

AMSC

AMSC (NASDAQ:AMSC) has acquired NWL, Inc. for $25 million in cash and 1,297,600 restricted shares valued at approximately $31.4 million. The acquisition aims to accelerate AMSC's growth, broaden its product offerings, and expand its market reach. NWL, which has a history of profitable revenue, supplies power components to industrial and military customers. The deal is expected to strengthen AMSC's position in the military power supply market.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:09 pm