Streetbeat News

Acquisitions Mergers

OXY

PR

Permian Resources has entered into an agreement with Occidental to purchase core Delaware Basin assets for approximately $817.5 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:37 am

BRO

Brown & Brown has acquired Dutch insurance broker Quintes Holding B.V. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:35 am

HSIC

Henry Schein has acquired abc dental AG, a Swiss dental distributor, to expand its range of solutions and services in Switzerland. The acquisition is expected to be neutral to 2024 non-GAAP earnings per share and accretive thereafter.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:12 am

COLL

Collegium Pharmaceutical has agreed to acquire Ironshore Therapeutics for $525 million in cash, with the potential for an additional $25 million commercial milestone payment.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:08 am

ABT

CGTX

LGVN

PBI

Pitney Bowes shares surged over 12% in pre-market trading after selling part of its e-commerce business to Stord. Other notable pre-market movers include Cognition Therapeutics, Longeveron, and Abbott Laboratories, among others.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 9:26 am

CPTN

Cepton is set to be acquired by Koito for $3.17 per share in an all-cash deal, transitioning Cepton to a privately held subsidiary. This acquisition aims to accelerate the commercialization of Cepton's lidar technology and enhance Koito's automotive sensing solutions.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:36 am

NOG

VTLE

Vital Energy and Northern Oil and Gas have signed a definitive agreement to acquire Point Energy's Delaware Basin assets for $1.1 billion in cash. Vital Energy will acquire 80% of the assets, while Northern Oil and Gas will acquire the remaining 20%. The transaction is expected to close by the end of Q3 2024.

Portfolio Pulse from charles@benzinga.com

July 28, 2024 | 10:49 pm

JCI

Johnson Controls International (JCI) has a purchase agreement with Robert Bosch. If the agreement is terminated, Bosch will pay JCI a termination fee of $300 million.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:46 pm

JCI

Johnson Controls has agreed to sell its Residential and Light Commercial HVAC business, including its North America Ducted business and 60% stake in the Johnson Controls-Hitachi Air Conditioning joint venture, to Robert Bosch GmbH for approximately $8.1 billion in cash. Johnson Controls will receive about $6.7 billion, subject to adjustments, plus the assumption of certain liabilities.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:45 pm

PBI

Pitney Bowes shares are trading higher following a report indicating that the company has sold a part of its e-commerce business to Stord.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:27 pm