Streetbeat News

Acquisitions Mergers

BWMN

Bowman Consulting Group Ltd. (BWMN) is set to acquire Exeltech, with the transaction financed through cash, seller term notes, and a convertible note priced at $32.32 per share. The acquisition is expected to result in a net service billing run rate of approximately $7 million and be immediately accretive.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:42 pm

WCC

Wesco International (NYSE:WCC) has announced a definitive agreement to acquire Ascent LLC, a data center facility management services provider, for $185 million on a cash-free, debt-free basis.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:35 pm

GOOG

GOOGL

UBER

Waymo, Alphabet's self-driving subsidiary, has reached a $45 billion valuation, surpassing Ford and other major brands. The company raised $5.6 billion in a recent funding round and continues to expand its driverless taxi services in partnership with Uber.

Portfolio Pulse from Aaron Bry

October 31, 2024 | 8:34 pm

BCSA

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) announced its liquidation and dissolution, with a per-share redemption price of approximately $11.39 for its public shares. The company will not complete a business combination within the required timeframe.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:32 pm

EVTV

Envirotech Vehicles has acquired Maddox Industries, a government contracting solutions provider, to enhance its U.S. manufacturing and logistics capabilities. The deal involves issuing 3.1 million shares and a conditional $1 million cash payment, potentially boosting revenue from government contracts.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:21 pm

X

United States Steel Corp is working towards closing a transaction with Nippon Steel by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:19 pm

ONTO

Onto Innovation has acquired Lumina Instruments Inc., which is expected to expand its addressable market by approximately $250 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:08 pm

ONTO

Onto Innovation has acquired Lumina Instruments and Kulicke and Soffa's lithography business to enhance its inspection capabilities for unpatterned wafers and panel substrates. The deal strengthens Onto's IP portfolio and R&D for panel lithography, though financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:06 pm

AMCR

Amcor has announced the sale of its 50% interest in the BCNA joint venture for $122 million. This move is part of Amcor's strategy to streamline its operations and focus on core business areas.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:06 pm

SAVE

Spirit Airlines (NYSE:SAVE) is experiencing stock volatility due to financial challenges, leading to pilot furloughs and asset sales. The company aims to save $80 million annually and generate $225 million in liquidity by selling older aircraft. Spirit faces a December deadline to refinance $1.1 billion in bonds, amid speculation of potential bankruptcy following a failed merger with JetBlue.

Portfolio Pulse from Henry Khederian

October 31, 2024 | 6:43 pm