Streetbeat News

Acquisitions Mergers

FIS

One Equity Partners has completed the sale of Dragonfly Financial Technologies to FIS, a significant move in the financial technology sector.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

OFIX

A class action lawsuit has been filed against Orthofix Medical Inc. and certain officers and directors, related to the merger with SeaSpine Holdings Corporation. The lawsuit alleges violations of federal securities laws and seeks damages for affected investors.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

ADBE

The article discusses the financial flexibility of Berkshire Hathaway and speculates on potential acquisition targets for Warren Buffett, including Adobe (ADBE).

Portfolio Pulse from

November 05, 2024 | 12:30 pm

BHP

COP

DBRG

EQT

TDS

TGI Fridays has filed for Chapter 11 bankruptcy, aiming to restructure its finances while keeping its company-owned locations open. Meanwhile, several companies are involved in M&A activities, including ConocoPhillips auctioning shale assets and BHP Group retracting previous comments on a failed acquisition.

Portfolio Pulse from Anthony Noto

November 02, 2024 | 3:00 pm

FCPT

Four Corners Property Trust (FCPT) has acquired a Miller's Ale House property in Georgia for $3.8 million. The property is under a long-term net lease with 11 years remaining, and the transaction was priced at a 7.2% cap rate.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:54 pm

DHI

FOR

Forestar Group Inc. and D.R. Horton, Inc. have entered into an Amended and Restated Stockholder's Agreement, increasing the approval threshold for capital expenditures from $20 million to $45 million. D.R. Horton owns approximately 62% of Forestar's outstanding common stock.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:43 pm

PNTG

The Pennant Group, Inc. (NASDAQ:PNTG) has acquired operations of three senior living facilities in Wisconsin, enhancing its regional presence. The acquisition, effective November 1, 2024, adds 125 units under Pennant's management, supporting its growth strategy in the senior living sector.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:37 pm

COOP

FLG

Flagstar Bank has completed the sale of its mortgage servicing business and related assets to Mr. Cooper Group for $1.3 billion in cash. This transaction is expected to boost Flagstar's CET1 capital ratio by 60 basis points.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:34 pm

HST

JWSM

Jaws Mustang Acquisition Corporation has suspended its pursuit of a hospitality business combination after Starwood Capital Entities sold a key hotel to Host Hotels & Resorts. Jaws has not found a suitable replacement for the hotel in its portfolio.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:23 pm

CGBS

Crown LNG Holdings Limited (NASDAQ:CGBS) has finalized agreements to acquire LNG import terminal assets in Kakinada, India, and Grangemouth, Scotland. The acquisitions, valued at $60M and $25M respectively, will be paid in Crown LNG shares. These strategic moves aim to enhance Crown LNG's presence in the global LNG infrastructure network.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:21 pm