Streetbeat News

Acquisitions Mergers

BA

Boeing shares are trading higher after the company agreed to acquire Spirit AeroSystems.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:02 pm

BA

SPR

Airbus SE has signed a binding term sheet with Spirit AeroSystems Holdings Inc for a potential acquisition of key production activities, including A350 fuselage sections and A220 components. The deal includes a $559 million compensation payment to Airbus and aims to stabilize supply chains for Airbus’s commercial aircraft programs. The agreement is part of a broader division of the supplier between Airbus and Boeing Co.

Portfolio Pulse from Shivani Kumaresan

July 01, 2024 | 1:49 pm

SYT

SYLA Solar will absorb SYLA Biotech in a non-monetary merger to strengthen its renewable energy business. The merger aims to help SYLA Technologies achieve its mid-term sales targets by 2026, supported by subsidies from the Ministry of Economy, Trade and Industry.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:33 pm

MMSI

Merit Medical Systems (NASDAQ:MMSI) has acquired assets from EndoGastric Solutions for $105 million, expanding its endoscopy portfolio. The acquisition is expected to add $30 million in annual revenue and impact Merit's 2024 financial guidance. Updated guidance includes a slight decrease in EPS and an increase in revenue projections.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:19 pm

UFPT

UFP Technologies has acquired AJR Enterprises for $110 million.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:18 pm

UFPT

UFP Technologies has acquired AJR Enterprises for $100 million. This acquisition is expected to enhance UFP Technologies' market position and expand its product offerings.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:17 pm

XTIA

XTI Aerospace (XTIA) shares are trading higher following an agreement with FC Imperial Limited for a proposed equity investment of up to $55 million in convertible preferred stock, valuing the company at $275 million post-money.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:11 pm

AJG

Arthur J. Gallagher & Co. has acquired Zayla Partners, LLC, a company based in Katy, Texas. The terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:07 pm

HWKN

Hawkins has completed the acquisition of Wofford Water Service, expanding its distribution of water treatment chemicals and equipment in Mississippi.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:07 pm

HOOD

Robinhood Markets, Inc. has acquired Pluto Capital Inc., an AI-powered investment research platform. This acquisition aims to enhance Robinhood's data analysis, personalized investment strategies, and real-time insights for investors. Pluto's CEO, Jacob Sansbury, will join Robinhood to help integrate these AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:05 pm