Streetbeat News

Acquisitions Mergers

CLW

Clearwater Paper Corporation (CLW) has announced the sale of its tissue business to Sofidel America for $1.06 billion. This transaction is expected to reduce Clearwater Paper's net debt and support its transformation into a leading independent supplier of paperboard to North American converters.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:24 pm

GPI

Group 1 Automotive Inc (NYSE:GPI) reported mixed Q2 FY24 earnings with sales growth of 3% year-on-year to $4.696 billion, missing the consensus estimate. New vehicle sales grew, but gross profit and operating income declined. Adjusted EPS beat expectations. The company faced challenges from a CDK Global outage and adverse weather events. GPI repurchased shares and is focused on acquiring Inchcape’s U.K. retail automotive business.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 12:12 pm

STGW

Stagwell has acquired the digital agency company LEADERS. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:08 pm

MS

Morgan Stanley Expansion Capital has acquired a stake in the UK-based fintech company Sokin. The investment aims to accelerate Sokin's product growth and global expansion. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:08 pm

AMIX

Autonomix Medical, Inc. (NASDAQ:AMIX) has completed a licensing transaction with RF Innovations, Inc. for the Apex 6 Radiofrequency Generator. This deal grants Autonomix a perpetual non-exclusive worldwide and royalty-free license, reinforcing its FDA regulatory pathway and enhancing its supply chain.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:03 pm

RCM

R1 RCM's Special Committee has set a deadline of July 31 for interested parties to submit fully-financed bids as part of its review process.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:03 pm

LRHC

La Rosa Holdings Corp (NASDAQ: LRHC) announced plans to acquire Celebration Corporate Center LLC through its subsidiary, La Rosa Property Management LLC. The acquisition is expected to finalize in Q3 2024 and aims to boost LRHC's real estate presence. The company also reported a 15% growth in Q2 transaction volume and anticipates a 30% annual growth rate in properties under management, contributing to significant revenue increases in 2024.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 12:00 pm

LRHC

La Rosa Holdings has announced its intent to acquire Celebration Corporate Center LLC along with its commercial real estate assets.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:00 pm

PIRS

Pieris Pharmaceuticals shares are trading higher after the company announced a definitive merger agreement with Palvella Therapeutics.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:48 am

EMLD

Fold and FTAC Emerald Acquisition have entered into a definitive agreement for a proposed business combination, valuing Fold at $365 million pre-money.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:05 am