Streetbeat News

Acquisitions Mergers

GNRC

Generac Holdings Inc. (GNRC) has acquired Ageto, a company specializing in microgrid control systems. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 11:36 am

TWKS

Thoughtworks has agreed to be taken private by Apax Funds for $4.40 per share, implying a total enterprise value of $1.75 billion. The purchase price represents a 30% premium to Thoughtworks' closing stock price on August 2, 2024, and a 48% premium over the volume weighted average price for the 30 days ending August 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 11:11 am

K

Kellanova shares are trading higher following a report suggesting Mars is considering an acquisition of the company.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 11:00 am

TKR

Timken Co (NYSE: TKR) is set to acquire CGI Inc., a Nevada-based manufacturer specializing in precision drive systems for automation markets, including medical robotics. The financial terms are undisclosed, and the deal is expected to close in the third quarter, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:55 am

THC

Tenet Healthcare (THC) has announced the sale of its 70% majority ownership interest in Brookwood Baptist Health to Orlando Health for $910 million in cash. The transaction includes five hospitals and affiliated operations, with after-tax proceeds of approximately $790 million. Tenet's Conifer Health Solutions will also enter a new ten-year contract for revenue cycle management services. The deal is expected to close in fall 2024, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:47 am

JOB

GEE Group expects to achieve $3M in annual cost savings through strategic measures including SG&A cost reductions and workforce realignment. The company plans to capitalize on acquisition opportunities due to the current economic downturn. Additionally, GEE Group will recognize non-cash, pre-tax charges of approximately $20.5 million in its Fiscal Third Quarter ended June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:38 am

CGBD

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has entered into a definitive agreement to acquire Carlyle Secured Lending III (CSL III) in a stock-for-stock transaction. This acquisition will expand CGBD's total assets to over $2.5 billion and net assets to over $1.2 billion.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:08 am

TELL

WDS

Woodside Energy Group Limited (NYSE:WDS) is acquiring OCI Global’s Clean Ammonia project in Beaumont, Texas, for $2.35 billion. The project aims to produce lower-carbon ammonia, with Phase 1 expected to start in 2025 and Phase 2 in 2026. The acquisition is expected to be accretive to free cash flow starting in 2026 and to earnings per share from 2027. WDS shares are down 3.90% premarket.

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 9:45 am

CG

Carlyle Group is set to sell Cogentrix Energy to Quantum Capital in a $3 billion deal, as reported by the Financial Times.

Portfolio Pulse from charles@benzinga.com

August 05, 2024 | 9:22 am

K

Mars Inc. is reportedly considering acquiring Kellanova (NYSE:K), the maker of Cheez-It and Pringles. Kellanova's stock has surged by 20% since its separation from WK Kellogg Co. last October. The acquisition could be significant for the packaged food industry, which is seeing consolidation due to price inflation and declining demand. Kellanova recently reported strong Q2 results, surpassing expectations.

Portfolio Pulse from Benzinga Neuro

August 05, 2024 | 5:35 am