Streetbeat News

Acquisitions Mergers

CRWS

Crown Crafts, Inc. (NASDAQ:CRWS) has acquired the assets of Baby Boom Consumer Products, Inc. for $18 million. The acquisition is expected to add $20 million annually to Crown Crafts' net sales and generate $20 million in synergies. The deal was financed through a term loan and an extended line of credit.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:59 am

DOV

TEX

Terex Corporation (TEX) is acquiring Dover Corporation's (DOV) Environmental Solutions Group for $2 billion. The acquisition is expected to reduce cyclicality, deliver financial accretion, and lower capital intensity for Terex. Additionally, it is projected to unlock $25 million in cost and revenue synergies by 2026 and enhance Terex's presence in the waste and recycling segment, expanding its North American market.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:58 am

TELL

WDS

Tellurian Inc. (NYSE:TELL) shares surged after announcing a $1.2 billion acquisition deal with Woodside Energy Group Ltd (NYSE:WDS). The deal includes a $900 million all-cash payment and a $230 million loan to support Driftwood LNG operations. The acquisition price represents a significant premium to Tellurian's recent stock prices.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 10:58 am

DNUT

Krispy Kreme, Inc. (NASDAQ:DNUT) has sold a majority stake in Insomnia Cookies to Verlinvest and Mistral Equity Partners for a total enterprise value of $350 million, which has doubled since its 2018 acquisition. Krispy Kreme received $127.4 million immediately and expects an additional $45 million soon.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:53 am

TELL

Tellurian shares are trading higher following the announcement that the company will be acquired by Woodside Energy for approximately $900 million.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:51 am

CLW

Clearwater Paper has entered a definitive agreement to sell its tissue business to Sofidel America for $1.06 billion. The company expects net proceeds of approximately $850 million, which will be used to reduce debt and invest in growth initiatives. The transaction is expected to close in late 2024.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:12 am

UHAL

U-Haul has acquired the former Lazy Day Storage facility at 6619 Lanier Islands Parkway in Buford, now named U-Haul Moving & Storage at Lake Lanier. The facility includes 307 drive-up self-storage units and offers U-Haul truck and trailer sharing, towing equipment, and moving supplies. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:10 am

CLVT

Clarivate has acquired Rowan TELS Corp. through its subsidiary. Rowan TELS Corp. provides Rowan Patents, a solution for patent drafting and prosecution. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:04 am

VSTO

Vista Outdoor has increased the purchase price in its merger agreement with CSG by $50 million to $2.15 billion. Additionally, Vista Outdoor will return approximately $125 million in cash to its stockholders, increasing the cash consideration to $24.00 per share. The CSG Transaction is expected to deliver $430 million in additional value to stockholders.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:02 am

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) has agreed to sell its Off-the-Road (OTR) tire business to The Yokohama Rubber Company for $905 million in cash. The sale is part of Goodyear's broader transformation plan and is expected to close by early 2025. The proceeds will help reduce debt and support other initiatives.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 9:55 am