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Acquisitions Mergers

BX

GSK

JNJ

SNY

Sanofi SA (NASDAQ:SNY) is seeking bids for its $20 billion consumer health division, which includes products like Icy Hot. Potential buyers include Advent, PAI Partners, Blackstone Inc (NYSE:BX), and others. Sanofi may retain a minority stake post-sale. This move aligns with industry peers like GSK Plc (NYSE:GSK) and Johnson & Johnson (NYSE:JNJ), who have also divested their consumer divisions.

Portfolio Pulse from Vandana Singh

June 26, 2024 | 1:16 pm

HAYW

Hayward Holdings, Inc. (HAYW) has acquired ChlorKing to enhance its portfolio in sustainable and energy-efficient pool technology for both commercial and residential markets. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:16 pm

VVI

Viad Corp (VVI) is set to expand its Pursuit collection with the acquisition of Jasper SkyTram for $18 million. The acquisition is expected to add $4 million in revenue, with a total payment of C$25 million.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:04 pm

LFSWF

Simply Solventless Concentrates Ltd. (TSXV:HASH) is acquiring Lifeist Wellness Inc.'s (TSXV:LFST) subsidiary CannMart Inc. The acquisition includes a services agreement where SSC will manage CannMart's operations and receive its revenue minus a service fee. The purchase price includes cash, units, and a vendor takeback note. SSC also announced a private placement of units to raise $3.5 million.

Portfolio Pulse from Jelena Martinovic

June 26, 2024 | 12:58 pm

RDY

Dr. Reddy's Laboratories Switzerland has acquired Haleon Group's nicotine replacement therapy brands outside the US for GBP 458 million, with an additional contingent payment of up to GBP 42 million in 2025 and 2026.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 11:53 am

VSTO

Vista Outdoor shares are trading higher after MNC Capital Partners announced it has increased its all-cash offer to acquire the company to $42 per share.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 11:43 am

WHR

Whirlpool shares are trading higher following a report suggesting Robert Bosch GmbH is considering a bid for the company.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 11:40 am

SFLO

VSTO

Vista Outdoor Inc. (NYSE:VSTO) shares are trading higher premarket after MNC Capital Partners increased its all-cash offer to acquire Vista Outdoor to $42.00 per share, representing a significant premium. The revised proposal offers a 25% premium over the previous day's closing price and a 55% premium to the VWAP from October 16, 2023. MNC expects a merger agreement to be signed soon.

Portfolio Pulse from Nabaparna Bhattacharya

June 26, 2024 | 11:28 am

WHR

Robert Bosch GmbH is considering a bid for Whirlpool, a major player in the white goods market. This potential acquisition could significantly impact Whirlpool's stock price.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:58 am

VSTO

The revised offer for Vista Outdoor Inc. (VSTO) represents over a 40% premium to the last closing price prior to MNC's initial offer and a 55% premium to the VWAP since Vista's transaction with the Czechoslovak was announced on October 16, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:30 am