Streetbeat News

Assets

ENSG

The Ensign Group has announced the acquisition of St. Joseph Rehabilitation and Care Center, an 83-bed skilled nursing facility, and Skyview Villa Assisted Living, a 20-bed assisted living facility. This acquisition expands Ensign's portfolio in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 10:03 am

CLIR

ClearSign has decided to suspend its operations in China due to delays in product commercialization and to align strategic priorities while reducing costs. The suspension involves declaring its subsidiary dormant, ceasing operations by December 31, 2024, and incurring costs of $400,000 to $500,000.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:50 pm

LW

Lamb Weston is implementing a restructuring plan that includes reducing its global workforce by approximately 4%, closing a facility in Connell, Washington, and curtailing production lines in North America. The plan aims to generate $55 million in pre-tax cost savings and reduce capital expenditures by $100 million in fiscal 2025. The company expects to incur pre-tax charges of $200 million to $250 million.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:33 pm

TSNDF

TerrAscend Corp. (OTC:TSNDF) has completed a $26 million loan draw, finalizing its $140 million senior secured term loan. The funds are used to reduce high-interest debt in Michigan, improving the company's financial position. The loan matures in August 2028 with a 12.75% interest rate and no prepayment penalties.

Portfolio Pulse from Rolando García

October 01, 2024 | 9:02 pm

ICCT

iCoreConnect Inc. (NASDAQ:ICCT) shares surged in extended trading after announcing the divestiture of its Managed Service Provider division to The 20, LLC. The sale aims to focus on core competencies, improve financials, and increase investor appeal. The stock saw heavy trading volume, rising 85.74% after-hours.

Portfolio Pulse from Erica Kollmann

October 01, 2024 | 8:58 pm

FERG

Ferguson has announced the pricing of a public offering of $750 million in 5.000% senior unsecured notes due in 2034. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:50 pm

SPY

USO

The USA API weekly crude oil stock report showed a draw of 1.500 million barrels, which is less than the estimated draw of 2.100 million barrels and significantly less than the prior draw of 4.339 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:39 pm

KIM

Kimco Realty has acquired Waterford Lakes Town Center in Orlando, Florida for $322 million, including the assumption of a $164 million mortgage. The property is nearly fully occupied with a diverse tenant mix.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:39 pm

ICCT

ICoreConnect shares rose following the announcement of its decision to divest its managed service provider division.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:04 pm

ICCT

iCoreConnect has agreed to sell its Managed Service Provider division to The 20, LLC through an asset sale. The terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:02 pm