Streetbeat News

Acquisitions Mergers

AJG

Arthur J. Gallagher & Co. has acquired NetClaim, though the terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:02 pm

BX

LBO

PSP

TAK

Blackstone Inc. (NYSE:BX) is nearing a $2.2 billion deal to sell Japanese supplement maker Alinamin Pharmaceutical to MBK Partners. Blackstone acquired Alinamin from Takeda Pharmaceutical Company (NYSE:TAK) in 2020. The deal is expected to be finalized soon. Blackstone's stock has gained over 29% in the last 12 months. Investors can gain exposure to Blackstone via Invesco Global Listed Private Equity ETF (NYSE:PSP) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO).

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 12:22 pm

CRGY

SBOW

Crescent Energy Company (NYSE:CRGY) and SilverBow Resources, Inc. (NYSE:SBOW) have announced the expiration of the Hart-Scott-Rodino Act waiting period, a key step towards Crescent's acquisition of SilverBow. Stockholder meetings are scheduled for July 29, 2024, and the transaction is expected to close shortly after approval.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:21 pm

AQB

AquaBounty Technologies has entered into an asset purchase agreement with Superior Fresh. Superior Fresh will acquire AquaBounty's Indiana aquaculture facility and equipment for $9.5 million. The proceeds will be used to reduce AquaBounty's secured term loan.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:14 pm

SLNA

Selina Hospitality has entered into a sale and purchase agreement with Osprey International, where Osprey will acquire a 42.9% interest in Selina Holding Australia for approximately $3.5 million.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:10 pm

MMC

Marsh McLennan Agency, a subsidiary of Marsh, has acquired Hudson Shore Group, a public and private sector employee benefits broker. The terms of the acquisition were not disclosed. Hudson Shore Group will continue to operate from its Red Bank, NJ office.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:03 pm

FXI

JD

JD.com is reported to be among the potential bidders for the parcel company Evri, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 11:55 am

SYTA

Siyata Mobile has made a strategic investment in Canadian Towers & Fiber Optics, aiming to enhance its infrastructure capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 11:07 am

RCM

R1 RCM announced that discussions regarding a potential transaction have not resulted in any agreement, and New Mountain Capital is no longer interested in pursuing a joint proposal with TCP-ASC for a potential transaction with the company.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 11:06 am

PBA

Pembina Pipeline Corporation (NYSE: PBA) and KKR have partnered to acquire a 50% stake in Whitecap's Kaybob Gas Complex for $420 million. The transaction includes long-term take-or-pay agreements and future infrastructure development support for Whitecap's Lator growth area.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 11:05 am