Streetbeat News

Acquisitions Mergers

HON

Honeywell shares rise as the company announces plans to spin off its Advanced Materials business into a separate publicly traded entity.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:04 am

KKR

KKR has acquired The Parking Spot, a leading provider of near-airport parking operations in the U.S. The financial terms of the deal were not disclosed. The Parking Spot will continue to be led by its current management team.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 11:03 am

ARES

Ares Management has entered a definitive agreement to acquire GCP International and existing capital commitments to certain managed funds in a transaction valued at $3.7 billion. The deal includes $1.8 billion in cash and $1.9 billion in Ares Class A Common Shares, with long-term performance incentives. The transaction is expected to close in the first half of 2025.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:15 am

HON

Honeywell plans to spin off its Advanced Materials Business by 2025 or early 2026, which will not affect its FY24 guidance. The company is on track to exceed its $25 billion capital deployment goal by 2025, with $9 billion already spent on acquisitions in 2024.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:03 am

HON

Honeywell plans to spin off its Advanced Materials business into an independent, publicly traded company. The spin-off is expected to be tax-free for shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:01 am

ACCD

BHE

MRM

PEP

SAR

PepsiCo is expected to report earnings of $2.29 per share on $23.83 billion revenue. MEDIROM Healthcare acquired rehabilitation centers of Y's, Inc. Accolade is expected to post a loss of 44 cents per share. Benchmark Electronics appointed a new CFO. Saratoga Investment is expected to report earnings of 94 cents per share.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 7:02 am

PEP

PepsiCo is set to release its Q3 earnings on Oct. 8, with expected earnings of $2.30 per share and revenue of $23.85 billion. The company recently announced a $1.2 billion acquisition of Siete Foods. Analysts have adjusted their ratings and price targets for PepsiCo, reflecting mixed sentiments.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 6:52 am

AAPL

NVDA

Foxconn is set to build the world's largest Nvidia superchip factory to meet the growing demand for AI technology. This move aligns with Nvidia's strategic goals amid U.S. sanctions against China and positions both companies for growth in the AI market.

Portfolio Pulse from Benzinga Neuro

October 08, 2024 | 6:19 am

FLD

Fold, a Bitcoin-focused financial services company, is moving closer to a Nasdaq listing through a merger with FTAC Emerald Acquisition Corp. The company holds 1,000 BTC in reserves and aims to expand access to Bitcoin financial services.

Portfolio Pulse from Aniket Verma

October 08, 2024 | 5:40 am

PEP

PepsiCo Inc (NASDAQ:PEP) is set to report its Q3 earnings, with analysts expecting revenue of $23.83 billion and EPS of $2.29. The company has a history of beating earnings estimates but has missed revenue estimates in two of the last three quarters. Recent analyst ratings have adjusted price targets slightly. PepsiCo's acquisition of Siete Foods for $1.2 billion could impact its presence in the healthier snack market. The company's performance in North America and potential guidance updates are key areas to watch.

Portfolio Pulse from Chris Katje

October 07, 2024 | 9:10 pm