Streetbeat News

Acquisitions Mergers

KNX

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has acquired the regional less-than-truckload (LTL) division of Dependable Highway Express, Inc. The acquisition is expected to be immediately accretive to Knight-Swift's earnings per share and will expand their network coverage to approximately 70% of the US population.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:04 pm

PGY

Pagaya Technologies LTD. (NASDAQ:PGY) announced an agreement to purchase 100% of Theorem Technology, Inc., a consumer credit funds manager. The acquisition, expected to close in Q4 2024, will bring Theorem's fund management and engineering capabilities to Pagaya, enhancing its funding diversification and capital efficiency. The deal is anticipated to be accretive in 2025.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:32 pm

PESI

Perma-Fix Environmental Services has acquired an Environmental Waste Operations Center near Oak Ridge, TN. The company plans to upgrade the facility for decontamination projects, waste processing, and PFAS capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:30 pm

TRP

TC Energy has announced a $1 billion equity interest purchase agreement with an Indigenous Investment Partnership for a 5.34% stake in NGTL and Foothills pipeline assets. The deal is backed by the Alberta Indigenous Opportunities Corporation and implies an enterprise value of $1.65 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:19 pm

FBMS

RNST

First Bancshares (FBMS) shares are trading higher following the announcement that Renasant Corporation will acquire the company in an all-stock transaction valued at $1.2 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:18 pm

CTS

CTS Corporation has updated its FY24 guidance, lowering its adjusted diluted EPS range to $2.05-$2.25 from the previous $2.10-$2.35, and its sales forecast to $525-$540 million. This adjustment reflects more moderate growth expectations and includes the impact of the SyQwest acquisition.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:11 pm

RGEN

Repligen has updated its 2024 revenue guidance to $620M-$635M, down from the previous $620M-$650M, and reaffirmed its adjusted EPS guidance of $1.42-$1.49. The guidance includes the impact of 2023 acquisitions but excludes potential 2024 acquisitions and currency fluctuations.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:36 am

FSV

FirstService Corporation's subsidiary, Century Fire Protection, has acquired Citadel Fire Sprinkler and Sentry Fire Protection. The financial terms of the acquisitions were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:35 am

INCY

Incyte has updated its 2024 financial guidance, raising the lower end of its Jakafi net product revenue forecast to $2.71B-$2.75B from the previous $2.69B-$2.75B. The company also updated its R&D expenses due to the acquisition of Escient Pharmaceuticals, while maintaining other revenue and expense guidance.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:11 am

CNSP

CNS Pharmaceuticals has expanded its pipeline by in-licensing a late-stage, novel potential blood-brain barrier permeable drug, Abeotaxane, for the treatment of brain malignancies.

Portfolio Pulse from charles@benzinga.com

July 30, 2024 | 11:05 am