M&A Archives - Page 57 of 448

5 minute read

ContextLogic Announces Agreement To Sell Substantially All Operating Assets And Liabilities Associated With Wish To Qoo10 For $173M In Cash Or ~$6.50/Share

February 12, 9:03 AM

Purchase Price Represents Approximately $6.50 Per Share, a 44% PremiumContextLogic to Remain as Publicly Listed Entity, Preserving ~$2.7 Billion of Net Operating Losses (NOLs)Board Exploring Opportunity for Financial

WISH

3 minute read

Permian Power Play: Diamondback Drills Big With $26B Merger

By Lekha Gupta

February 12, 8:49 AM

Diamondback Energy announces a transformative $26 billion merger deal with Endeavor Energy Resources, L.P., poised to create a premier Permian independent operator with significant scale and synergy potential. With a projected ~10% accretion in free cash flow per share by 2025, Diamondback plans to fund the cash portion of the transaction through various sources, aiming to enhance financial flexibility while targeting a rapid reduction of pro forma net debt post-merger closure.

FANG

2 minute read

JPMorgan Lowers Piedmont Lithium Price Target; This IPO Is Oversubscribed; Nexa Reports Results; Compass Refocuses

By Austin DeNoce

February 9, 5:36 PM

1. JPMorgan Chase analyst Bill Peterson maintained a Neutral rating on Piedmont Lithium Inc. (NASDAQ: PLL) and lowered his price target from $25 to $15.

CMP

2 minute read

Building Materials Supplier Owens Corning Agrees To Buy Masonite In $3.9B Deal, Expects $13B Revenue Boost

By Vandana Singh

February 9, 12:34 PM

Owens Corning's strategic acquisition of Masonite at $133 per share, the $3.9 billion deal expands Owens Corning's market share, growing North American residential revenue to 60% and increasing total addressable market by $27 billion.

DOOR

2 minute read

Industrials Company Owens-Corning Announces Acquisition of Masonite International

By Benzinga Insights

February 9, 11:10 AM

Owens-Corning (NYSE:OC) has announced an acquisition of Masonite International (NYSE:DOOR) that is expected to be completed 2024-H1. Under…

DOOR

2 minute read

Central Valley Community Bancorp And Community West Bancshares Announce Receipt Of Shareholder Approval For Merger, Expected To Be Completed As Of April 1, 2024; Combined Co Will Have ~$3.6B In Total Assets And 27 Banking Centers Located In California

By Benzinga Newsdesk

February 9, 9:51 AM

Central Valley Community Bancorp (Central Valley), (NASDAQ:CVCY), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank (CVCB) and Community West Bancshares (Community

CVCY

1 minute read

Oil & Gas Player Devon Energy Seeks Enerplus Acquisition: Report

By Lekha Gupta

February 9, 8:49 AM

Devon Energy's undisclosed offer to acquire Enerplus Corp could reshape the North American shale landscape. Stay updated on this potential game-changing deal.

DVN

3 minute read

Aurora Touts 41% YoY Increase In International Medical Cannabis Q3 Revenue, Expands In Australia Via New Acquisition

By Jelena Martinovic

February 8, 12:04 PM

Canadian medical cannabis company Aurora Cannabis reported its financial and operational results for Q3 2024. Net revenue increased to CAD64.4m ($42m), up from CAD61.1m in the same quarter the previous year. Medical cannabis net revenue rose by 16% to CAD45.1m, representing 70% of Aurora's consolidated net revenue. Gross profit reached CAD19.8m, up from CAD3.7m in Q3 2022, with adjusted gross profit before fair value adjustments increasing to CAD32.4m from CAD28m. The company recorded a CAD25.5m net loss compared to CAD67.2m in the same quarter in the previous year. Adjusted EBITDA came in at CAD4.3m, up from CAD3m. Miguel Martin, CEO of Aurora, said the company's international medical net revenue had seen year-on-year growth of 41%.

ACB

2 minute read

E-Home Household Services Holdings Limited’s Subsidiary Zhongrun Pharmaceutical Intends To Acquire NBL Limited To Help Expand The International Market; No Financial Terms Disclosed

By Benzinga Newsdesk

February 8, 10:02 AM

E-Home Household Services Holdings Limited (NASDAQ:EJH) (the "Company" or "eHome"), an integrated home services provider in China, announced that its subsidiary, Zhongrun (Fujian) Pharmaceutical Co., Ltd, intends to

EJH

1 minute read

Ascendent Wins Shareholder Support To Acquire All Outstanding Shares Of Hollysys Automation Technologies, That It Does Not Currently Own For $26.50 Per Share In Cash

By Benzinga Newsdesk

February 8, 8:29 AM

Approximately 86.94% of the shareholders who voted at the shareholders meeting approved Ascendent's acquisition proposal; Approximately 76.95% of shareholders voted, underlining the competitive value that has been

HOLI