Streetbeat News

Acquisitions Mergers

CAMP

CalAmp has entered into a restructuring support agreement to take the company private, with Lynrock set to become the principal equity owner. The company will continue to operate as usual and will have enhanced liquidity to invest in innovation.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:26 pm

NUE

Nucor Corporation (NYSE:NUE) has announced the acquisition of Rytec Corporation, a leading manufacturer of high-performance commercial doors, for $565 million in cash. The deal is valued at approximately 12.5x Rytec's estimated 2024 EBITDA.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:19 pm

CNS

Cohen & Steers, Inc. (NYSE: CNS) and DLC Management have jointly acquired a two-property open-air shopping center complex in Fayetteville, Arkansas. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:18 pm

GBDC

Golub Capital BDC, Inc. (NASDAQ:GBDC) has completed its merger with Golub Capital BDC 3, Inc., making it the fifth-largest externally managed, publicly traded business development company by assets. The company announced special distributions totaling $0.15 per share, to be paid in three quarterly installments.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:12 pm

PARA

PARAA

Skydance is set to announce a takeover of Paramount, with Redstone receiving $2 billion for National Amusements. Skydance will tender for approximately 50% of B shares at $15 and contribute $1.5 billion in cash to Paramount's balance sheet. Post-close, Skydance-Redbird will own two-thirds of Paramount.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:10 pm

CW

Curtiss-Wright Corporation announced its acquisition of Ultra Nuclear Limited and Weed Instrument Co. for $200 million in cash. This strategic move is expected to enhance Curtiss-Wright's capabilities in the nuclear and instrumentation sectors.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:09 pm

HWKN

Hawkins Inc. has acquired the assets of Intercoastal Trading and its affiliated companies. The financial details of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:08 pm

CPLP

Capital Product Partners L.P. (NASDAQ:CPLP) announces a $756 million investment in 10 new gas carriers, including dual fuel and liquid CO2 carriers, with deliveries expected between Q1 2026 and Q3 2027. This strategic expansion aims to enhance their gas transportation capabilities, focusing on energy transition.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:07 pm

GABC

German American Bancorp, Inc. (NASDAQ:GABC) has sold the assets of its subsidiary German American Insurance to Hilb Group for $40 million in an all-cash transaction. This sale results in a significant after-tax gain of approximately $27 million for GABC.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:59 pm

CARR

GCAD

HON

Honeywell International Inc. (HON) has raised its second-quarter and FY24 guidance following the acquisition of Carrier Global Corporation's (CARR) Global Access Solutions business for $4.95 billion. The acquisition is expected to be earnings accretive in the first full year. Honeywell projects increased sales, adjusted EPS, and segment margins for FY24 and Q2 FY24. Investors can gain exposure to Honeywell via ETFs like GCAD and PPA.

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 12:53 pm