Streetbeat News

Acquisitions Mergers

SON

Sonoco Products Company (NYSE:SON) announced it will acquire Eviosys, a leading European food can manufacturer, from KPS Capital Partners for $3.9 billion. The acquisition will make Sonoco the leading global manufacturer of metal food cans and aerosol packaging, with expected synergies of over $100 million.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:03 am

AEIS

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has acquired Airity Technologies, a provider of high voltage power conversion products. The acquisition will enhance AEIS's portfolio with Gallium Nitride (GaN) based technologies, improving power density and response time for semiconductor, industrial, and medical applications.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:01 am

AJG

Arthur J. Gallagher & Co. has announced that its subsidiary, Artex, has acquired London-based Implement Compliance Solutions & Resources Limited (ICSR). The financial terms of the deal were not disclosed. ICSR provides consulting and support services on compliance, governance, risk, and operations to insurance firms in the UK. Kenneth Underhill and his team will continue to operate under the direction of Paul Eaton, head of Artex EMEA.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 9:02 am

RXO

UPS

RXO (NYSE:RXO) is set to acquire Coyote Logistics from UPS for $1.025 billion in cash. This acquisition will make RXO the third-largest provider of brokered transportation in North America, significantly enhancing its market position and customer base. The deal is expected to be immediately accretive to RXO's earnings and free cash flow.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:17 am

UPS

UPS (NYSE:UPS) has announced an agreement to sell its Coyote Logistics business unit to RXO, Inc. for $1.025 billion.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2024 | 6:33 pm

NUMIF

Numinus Wellness Inc. plans to acquire MedBright AI Investments Inc. to leverage AI technology for improved healthcare delivery. The acquisition aims to enhance clinical operations, reduce costs, and improve patient outcomes. Numinus will issue approximately 204.7 million shares for the deal and rebrand as Numinus Intelligence.

Portfolio Pulse from Jelena Martinovic

June 22, 2024 | 6:35 pm

AIEV

FLFV

Thunder Power Holdings has completed its business combination and will begin trading on Nasdaq under the ticker 'AIEV'.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 8:18 pm

BA

SPR

Spirit Aerosystems shares are trading higher following a report suggesting Boeing is nearing a deal to buy the company back.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 7:10 pm

SHCR

Sharecare, Inc. (NASDAQ:SHCR) shares surged after announcing a definitive agreement to be acquired by Altaris, LLC. Shareholders will receive $1.43 per share in cash, an 85% premium over the last closing price. The merger is expected to close in the second half of 2024, subject to approvals.

Portfolio Pulse from Vaishali Prayag

June 21, 2024 | 6:28 pm

X

Nippon Steel is considering a potential deal with U.S. Steel, contingent on the outcome of the November election. This development could significantly impact U.S. Steel's operations and market position.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:16 pm