Streetbeat News

Acquisitions Mergers

FBMS

RNST

First Bancshares (FBMS) is trading higher following the announcement that it will be acquired by Renasant Corporation in an all-stock transaction valued at $1.2 billion.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:50 pm

SD

SandRidge Energy (NYSE: SD) has entered a definitive agreement to acquire assets in the Western Anadarko Basin for $144 million. The acquisition includes 42 producing wells and 4 drilled uncompleted wells, with an expected increase in production, EBITDA, and free cash flow. The deal also involves a Joint Development Agreement for future development.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:41 pm

IBP

Installed Building Products (IBP) has acquired Euroview Enterprises, Contract Mirror and Supply, and CLM Solutions, adding $20 million in annual revenue. This acquisition expands IBP's presence in Illinois and Minnesota, focusing on residential and commercial projects.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:36 pm

CRGY

SBOW

Crescent Energy Company (NYSE:CRGY) has received stockholder approval for its merger with SilverBow Resources Inc. (NYSE:SBOW). The merger is expected to close on July 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:33 pm

CCTS

VVPR

VivoPower International PLC's electric vehicle subsidiary, Tembo, has extended its exclusivity period for a merger agreement with Cactus Acquisition Corporation I to August 31, 2024. This extension aims to provide additional time for Tembo to finalize the transaction and update disclosures.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:33 pm

FBMS

RNST

Renasant Corporation (RNST) is set to acquire The First Bancshares, Inc. (FBMS) in an all-stock transaction valued at approximately $1.2 billion. Shareholders of The First will receive 1 Renasant common share for each share of The First common stock. The merger is expected to be immediately accretive to Renasant's earnings per share and positively impact its profitability and operating ratios.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:31 pm

RGEN

Repligen Corporation (RGEN) announced its acquisition of Tantti Laboratory, which will add novel macroporous chromatography technology to its portfolio. This acquisition is expected to enhance Repligen's expansion into new modality markets with scalable purification solutions, synergizing with its existing AVIPure and OPUS columns.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:01 pm

SJM

J.M. Smucker is exploring a sale of Voortman Bakery, potentially valuing the brand at over $350 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 7:45 pm

MMLP

Martin Midstream Partners shares are trading higher after Nut Tree and Caspian increased their offer to acquire the partnership for $4.50 per common unit in cash.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:13 pm

MMLP

Nut Tree and Caspian have increased their offer for Martin Midstream Partners (MMLP) to $4.50 per unit, which represents a 48% premium over MRMC's proposal. They urge the conflicts committee to act in the best interests of unitholders.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:03 pm