Streetbeat News

Acquisitions Mergers

NWN

Northwest Natural Holding's subsidiary has agreed to acquire all the interests of Infrastructure Capital Holdings, including the assets of Puttman Infrastructure, for an undisclosed amount.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:05 am

AJG

Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary, Pen Underwriting, has acquired Wrightway Underwriting Limited, based in Wexford, Ireland, for an undisclosed amount.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 9:32 am

DLTR

Dollar Tree is exploring the sale of its Family Dollar business, according to sources cited by The Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 9:28 am

SAP

WKME

SAP has made an offer to acquire WalkMe at a 45% premium to its closing share price on June 4, 2024. The deal is expected to close in the third quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 9:16 am

SAP

WKME

SAP's Executive and Supervisory Boards and the Board of Directors of WalkMe have approved a transaction where SAP will acquire WalkMe for $14.00 per share in an all-cash deal, valuing WalkMe at approximately $1.5 billion.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 9:15 am

SAP

WKME

SAP and Walkme have entered into a definitive agreement where SAP will acquire Walkme, a leader in digital adoption platforms.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 9:03 am

SFTBY

Elliott Management has re-established a significant stake in SoftBank (OTC:SFTBY) and is advocating for a $15 billion share buyback. The activist fund's position is valued at over $2 billion, and the news has led to a 5.5% surge in SoftBank's shares in Tokyo. Elliott believes the buyback would boost SoftBank’s share price and signal confidence in its strategy.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 8:27 am

BLK

ICE

NDAQ

BlackRock and Citadel are leading efforts to establish a new stock exchange in Texas, named the Texas Stock Exchange (TXSE), aiming to challenge the dominance of the NYSE and Nasdaq. The new exchange plans to be more CEO-friendly and apolitical, attracting IPOs and secondary listings. TXSE has secured $120 million in funding and plans to begin trading in 2025.

Portfolio Pulse from Shanthi Rexaline

June 05, 2024 | 6:29 am

LAKE

Lakeland Industries has raised its FY25 revenue outlook from $140M-$150M to $150M-$155M, surpassing the estimated $144.60M. This new revenue expectation includes the recent acquisitions of Jolly Scarpe and Pacific Helmets but excludes the LHD fire and rescue business, expected to close in June 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:01 pm

BUD

GTBIF

SAM

TLRY

Green Thumb Industries (OTCQX:GTBIF) has proposed a merger with Boston Beer Co. (NYSE:SAM) to gain access to a major U.S. stock exchange. The merger aims to create a powerful entity in the cannabis and beverage industries, focusing on innovative cannabis-infused products. Boston Beer's stock surged over 20% following the news.

Portfolio Pulse from Patricio Liddle

June 04, 2024 | 8:11 pm