Streetbeat News

Acquisitions Mergers

WOR

Worthington Enterprises is optimistic about its new fiscal year following the acquisition of Hexagon Ragasco and the formation of a Sustainable Energy Solutions joint venture.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:23 pm

KKR

KKR has acquired a $2.1 billion multifamily portfolio from Quarterra, consisting of 18 high-quality, Class A assets concentrated in coastal and Sunbelt markets.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:16 pm

ZI

ZoomInfo Technologies is under the spotlight amid rumors of a potential acquisition. Traders are circulating reports suggesting interest from an unidentified suitor. The identity of the interested company remains unclear.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:07 pm

AIRC

BX

AIR Communities' stockholders have approved the acquisition by Blackstone Real Estate for $39.12 per share. The acquisition is expected to be completed by June 28, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:02 pm

KKR

LEN

KKR & Co Inc (NYSE:KKR) shares are trading lower after a report revealed the company's $2.1 billion acquisition of over 5,200 apartment units from Lennar Corp’s (NYSE:LEN) Quarterra. This move suggests KKR is betting on a rebound in multifamily housing.

Portfolio Pulse from Adam Eckert

June 25, 2024 | 7:53 pm

KKR

LEN

KKR has made its largest investment in the apartment sector by acquiring 5,200 apartment units across the U.S. for $2.1 billion from Quarterra, Lennar's apartment development arm. This move indicates KKR's bet on rising rents.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:32 pm

BA

EADSY

ITA

PPA

SPR

Stifel analyst Bert W. Subin discussed Boeing's potential acquisition of Spirit AeroSystems at $35 per share, valuing Spirit at $4.1 billion. The deal could result in a 4% dilution for Boeing. Airbus revised its 2024 earnings lower, impacting Boeing shares. Despite challenges, analysts remain confident in the long-term recovery of commercial aerospace OEMs.

Portfolio Pulse from Lekha Gupta

June 25, 2024 | 5:52 pm

DASH

VGK

DoorDash recently engaged in takeover discussions with Britain's Deliveroo, but the talks have ended without any agreement. Both companies have declined to comment on the matter.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:33 pm

X

US Steel shares are trading lower following a report suggesting Nippon Steel's bid for the company could be at risk amid concerns over potential job losses and plant closures.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:31 pm

IPG

Interpublic Group (IPG) is exploring the sale of a prominent digital agency to a consulting giant, according to a report by the Wall Street Journal. This potential sale could impact IPG's business structure and financials.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:23 pm