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Acquisitions Mergers

KDP

Keurig Dr Pepper's Q3 earnings met expectations, but sales fell short, leading to a 4.06% drop in share price. The company announced the acquisition of GHOST Lifestyle and Beverages to boost its energy drink portfolio, with full consolidation expected by 2025.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2024 | 2:02 pm

E

FMCX

KKR

LBO

KKR has acquired a 25% stake in Enilive from Eni for €2.938 billion, supporting Eni's energy transition strategy. This transaction improves Eni's capital structure and marks a significant step in its business strategy. Eni and KKR shares are trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

October 24, 2024 | 1:52 pm

AYI

Acuity Brands, Inc. (NYSE:AYI) has announced an agreement to acquire QSC, LLC for $1.215 billion. The transaction is expected to close in Q2 2025 and be accretive to Acuity's fiscal 2025 earnings per share.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 1:19 pm

NXU

Nxu and Verde Bioresins have announced an all-stock merger to enhance shareholder value and sustainability. The new entity will be named 'Verde Bioresins, Corp.' and will trade on Nasdaq under the symbol 'VRDE'.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 1:18 pm

TSCO

Tractor Supply Company (NASDAQ:TSCO) reported Q3 earnings per share in line with expectations but missed net sales estimates, leading to a premarket share decline. The company confirmed the acquisition of Allivet, an online pet pharmacy, to enhance its offerings for companion animals. Despite a slight decline in comparable store sales, gross profit and margin improved. Tractor Supply adjusted its 2024 net sales and EPS forecasts slightly upward.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2024 | 1:02 pm

PLBY

PLBY Group has unanimously rejected an unsolicited non-binding offer from Cooper Hefner and Hefner Capital to acquire Playboy assets. The terms of the offer were disclosed publicly by Hefner on October 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:36 pm

MGLD

The Marygold Companies, Inc. (NYSE:MGLD) has acquired a 7.95% ownership stake in Midland Capital Holdings Corporation for $1.8 million, aligning with its strategy to focus on the financial services/fintech sector. The acquisition includes 180,044 warrants to purchase additional shares.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:18 pm

MUX

RIO

McEwen Copper, a subsidiary of McEwen Mining, has closed a $35M investment from Nuton, a Rio Tinto venture, as part of a private placement. This investment increases Nuton's stake in McEwen Copper to 17.2%. The funds will support the Los Azules copper project's feasibility study.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:53 am

ZENA

ZenaTech's shares are rising following its ZenaDrone subsidiary's acquisition of a US design patent for the ZenaDrone 1000 product.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:40 am

TSCO

Tractor Supply has signed a definitive agreement to acquire Allivet, an online pet pharmacy, in an all-cash transaction. The acquisition aims to provide a low-cost pet pharmacy solution for its members. The deal is expected to close in the first quarter of 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:32 am