Streetbeat News

Acquisitions Mergers

CTRE

CareTrust REIT, Inc. (NYSE:CTRE) has announced an upsized public offering of 13.8 million shares at $32 per share, with the proceeds intended for nursing facility acquisitions. The offering is expected to close on November 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:20 am

BLD

TopBuild Corp. is set to acquire Shannon Global Energy Solutions, enhancing its mechanical insulation offerings. The acquisition, expected to close in Q4, will add $11 million in annual revenue to TopBuild. The terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:14 pm

WSR

Whitestone REIT has rejected MCB's $15 per share indication of interest, citing undervaluation based on NAV and DCF analyses. The Board believes the offer is opportunistically timed and does not reflect Whitestone's growth potential. Whitestone is focused on maximizing shareholder value, with strong financial performance and growth targets.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:59 pm

ARW

Arrow Electronics is expanding its Automotive Centre of Excellence with new development centers in Munich and Istanbul to support next-gen automotive product development. This expansion is bolstered by the acquisition of iQmine, enhancing capabilities in connected, autonomous, and hybrid software technologies.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:58 pm

RYAN

Ryan Specialty's shares fell after reporting disappointing Q3 adjusted EPS results. The company is also in final talks to acquire Innovisk Capital Partners.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:52 pm

HLI

Houlihan Lokey has acquired PSL, though the terms of the deal have not been disclosed. This acquisition could potentially impact Houlihan Lokey's business operations and market position.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:50 pm

CNS

Cohen & Steers, in partnership with DLC, has acquired Springfield Commons, an open-air shopping center in Fairfax County, VA. The center is strategically located near Springfield Town Center and is expected to see increased occupancy soon.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:49 pm

ACA

ACA has revised its FY24 revenue guidance to $2.56B-$2.63B from $2.60B-$2.72B, while increasing its Adjusted EBITDA guidance to $435M-$450M. The changes reflect strategic portfolio actions, including the acquisition of Stavola and divestiture of steel components.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:36 pm

ALTR

Altair has signed an agreement to be acquired by Siemens for $10.6 billion, with Altair stockholders receiving $113.00 per share in cash. This represents a 19% premium to the closing price before media speculation and a 13% premium to Altair's all-time high closing price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:36 pm

MSFT

Microsoft reported strong Q1 earnings, beating revenue and EPS estimates. The company's revenue grew 16% year-over-year, driven by AI-driven transformation across its segments. Key growth areas include Intelligent Cloud and Xbox content, boosted by the Activision acquisition.

Portfolio Pulse from Chris Katje

October 30, 2024 | 8:21 pm