Streetbeat News

Acquisitions Mergers

VSTO

Vista Outdoor shares are trading higher after the company announced that Czechoslovak Group has increased the purchase price consideration for The Kinetic Group business from $16 to $18 per share.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:40 am

VSTO

Vista Outdoor announced that Czechoslovak Group has increased the purchase price consideration for the Kinetic Group business from $16 to $18 per share.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:40 am

ALIM

ANIP

Alimera Sciences shares are trading higher after the company announced a definitive agreement to be acquired by ANI Pharmaceuticals.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:39 am

AEM

Agnico Eagle Mines (AEM) has acquired 33,821,842 common shares of Maple Gold Mines Ltd, increasing its ownership to approximately 19.9% of the issued and outstanding common shares.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:35 am

RXO

TMFS

UPS

RXO, Inc. (NYSE:RXO) has agreed to acquire Coyote Logistics from United Parcel Service, Inc. (NYSE:UPS) for $1.025 billion in cash. The deal, financed through equity and debt, is expected to close by the end of 2024 and will make RXO the third-largest provider of brokered transportation services in North America. The acquisition is anticipated to significantly enhance RXO's adjusted EPS and free cash flow, with expected annualized cost synergies of at least $25 million. RXO shares are up 13.8% premarket following the announcement.

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 11:34 am

RXO

UPS

RXO shares are trading higher following the announcement that the company will acquire Coyote Logistics from UPS.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:28 am

PGNY

Progyny has acquired Berlin-based fertility benefits platform Apryl to enhance its global fertility and family building care services. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:06 am

BG

BP

CSAN

SHEL

BP p.l.c. (NYSE:BP) plans to expand its biofuel operations in Brazil after acquiring Bunge Global SA's (NYSE:BG) 50% stake in their joint venture, BP Bunge Bioenergia S.A., for $1.4 billion. This move will consolidate 100% of the venture's financial results. BP aims to explore new bioenergy platforms, including second-generation ethanol and sustainable aviation fuel. This strategy mirrors Shell plc's (NYSE:SHEL) partnership with Cosan S.A. (NYSE:CSAN) in Raizen SA, which focuses on second-generation ethanol.

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 10:58 am

ALIM

ANIP

ANI Pharmaceuticals (NASDAQ:ANIP) will acquire Alimera Sciences (NASDAQ:ALIM) for $5.50 per share in cash and a contingent value right (CVR) of up to $0.50 per share, valuing Alimera at $381 million. The deal is expected to close in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:55 am

ADRT

GIGA

Gresham Worldwide, Inc. (OTCQB:GIGA) and Ault Disruptive Technologies Corporation (NYSE:ADRT) have announced a merger agreement. The transaction, valued at approximately $83 million, will see Gresham redomicile to Delaware and rebrand as Gresham Worldwide, Inc., listed on the NYSE American under the ticker symbol 'GWWI'. The merger aims to expand Gresham's defense and healthcare technology capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:35 am