Latest news with #merger
Globe and Mail
2 hours ago
- Business
- Globe and Mail
Micro Cap Soars Nearly 80% on Major Clean Tech Acquisition
A significant acquisition in the micro-cap space has propelled the acquiring company to become one of the most actively traded and top percentage gainers on the Nasdaq today—and with good reason. Investors appear to be responding not just to the immediate impact of the acquisition, but also to the broader implications it may have on the company's future trajectory and position within the clean energy and technology sectors. Shares of Zeo Energy Corp. (Nasdaq: ZEO) are surging today as the leading provider of residential solar and energy efficiency solutions, and Heliogen, Inc. (OTCQX: HLGN), a developer of on-demand clean energy technologies, announced this morning the signing of a definitive merger agreement under which Zeo will acquire all outstanding equity securities of Heliogen in an all-stock transaction. Upon completion of the merger, Zeo intends to integrate Heliogen's technology, brand, intellectual property, capital, and talent to launch a new division focused on long-duration energy generation and storage for commercial and industrial-scale applications, including AI and cloud computing data centers. The transaction aims to create a comprehensive clean energy platform spanning residential, commercial, and utility-scale markets, strengthened by Zeo's internal financing resources and deep industry expertise. The transaction between Zeo and Heliogen is expected to create operational efficiencies, strengthen Zeo's balance sheet through added liquidity, and enhance financing capabilities via Zeo's affiliated financing arm. The merger also positions Zeo to capitalize on growing demand for resilient, low-carbon energy infrastructure, supported by favorable market trends and tax equity opportunities. Under the Merger Agreement, Heliogen's securityholders will receive approximately $10 million in Zeo Class A common stock, subject to adjustment based on Heliogen's net cash at closing. The transaction, unanimously approved by both boards, is expected to close in Q3 2025, pending customary conditions and Heliogen stockholder approval, with 23% of Heliogen shareholders already committed to vote in favor; Zeo stockholder approval is not required. Shares of ZEO were last trading up 79.75% at $2.84 while shares of HLGN were down 4.36% at $2.25 in early-afternoon trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Yahoo
8 hours ago
- Business
- Yahoo
Herc Holdings, H&E Equipment announce expiration of tender offer
Herc Holdings (HRI) and H&E Equipment Services, Inc. d/b/a H&E Rentals (HEES) announced the expiration of the tender offer to exchange each outstanding share of H&E common stock for $78.75 in cash and 0.1287 shares of Herc common stock, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub and H&E. The Offer, which was extended on May 23, 2025, expired at one minute past 11:59 p.m. Eastern Time on May 29, 2025. The Depository and Paying Agent for the Offer has advised Herc that as of the expiration of the Offer, a total of 25,369,090 H&E Shares were validly tendered and not validly withdrawn in the Offer, representing approximately 69.33% of the outstanding H&E Shares. As of such expiration, all conditions to the Offer have been satisfied or waived and Merger Sub has accepted for payment all H&E Shares validly tendered and not validly withdrawn in accordance with the terms of the Offer. Herc, Merger Sub and H&E currently expect to close the acquisition on June 2, 2025. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on HRI: Disclaimer & DisclosureReport an Issue Herc Holdings extends tender offer to acquire H&E Equipment Herc Holdings Grants Retention Awards to COO Herc Holdings Announces Private Offering for Acquisition Herc announces expiration of HSR Act waiting period for H&E Equipment deal Herc Holdings Announces Acquisition of H&E Equipment
Yahoo
9 hours ago
- Business
- Yahoo
Luxair challenges EU approval of Lufthansa-ITA merger
BRUSSELS (Reuters) -Luxembourg flag carrier Luxair said on Wednesday it had filed a legal challenge before the General Court of the European Union against the European Commission's approval of the merger between Lufthansa and ITA. Luxair said it has no objection to the merger itself but said that as part of the remedies offered by Lufthansa, smaller carriers like Luxair had been sidelined in the allocation of landing slots at Milan Linate airport. In November, the European Commission approved a package of remedies proposed by Lufthansa for the acquisition of a minority stake in Italy's ITA Airways, in which EasyJet, IAG and Air France-KLM would secure more routes. Lufthansa offered the remedies after winning EU antitrust approval in July 2024 to buy 41% of state-owned ITA, the successor airline to bankrupt Alitalia, for 325 million euros ($343.6 million), in a deal designed to boost its presence in the southern European market. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
12 hours ago
- Business
- Bloomberg
Aldi Owners Holding Talks About Possible Merger, WiWo Reports
The families behind parts of Germany's Aldi empire of discount supermarkets have held talks about a possible merger, WirtschaftsWoche reported on Saturday. The discussions between the Heister family, which owns Aldi Sued, and two strands of the Albrecht family, which owns Aldi Nord, have been going on for several weeks, the magazine said, citing people close to the families it didn't identify. A proposal under which the two companies would combine under a joint holding company with shares evenly divided between the families' trusts is among scenarios being discussed, according to the magazine.
Yahoo
12 hours ago
- Business
- Yahoo
Acuren Corporation (TIC): A Bull Case Theory
We came across a bullish thesis on Acuren Corporation (TIC) on Kairos Research's Substack. In this article, we will summarize the bulls' thesis on TIC. Acuren Corporation (TIC)'s share was trading at $11 as of 28th May. TIC's trailing and forward P/E were 39.88 and 22.73 respectively according to Yahoo Finance. A worker in a factory wearing a safety uniform standing in front of a conveyor belt of products. Acuren Corporation and NV5 Global, Inc. have entered into a definitive agreement to merge in a transaction valued at approximately $1.7 billion. The deal combines Acuren's leading industrial testing and inspection capabilities with NV5's infrastructure and geospatial engineering expertise, creating a diversified technical services platform with projected annual revenues of $2 billion. Under the terms of the agreement, NV5 shareholders will receive $23.00 per share, consisting of $10.00 in cash and $13.00 in Acuren stock, which represents a 32% premium over NV5's recent share price. The merged company is expected to deliver approximately $350 million in adjusted EBITDA after synergies, with $20 million in near-term cost savings already identified. The transaction structure will result in Acuren shareholders owning approximately 60% of the combined company and NV5 shareholders owning 40%. The strategic rationale behind the merger includes complementary services, increased cross-selling opportunities, and expansion across infrastructure and industrial end markets. The combined scale and capabilities aim to better serve clients and compete more effectively in a fragmented industry. As part of the transaction, Acuren will appoint key NV5 executives, including CEO Dickerson Wright and COO Alexander Hockman, to its board of directors, with Wright also serving as Chairman. The merger has been unanimously approved by NV5's Board of Directors and is expected to close in the second half of 2025, pending customary closing conditions and regulatory approvals. The transaction signals a significant consolidation in the technical services sector, positioning the combined entity for long-term growth and enhanced shareholder value. For a comprehensive analysis of another standout stock covered by the same author, we recommend reading their summary of their bullish thesis on NVR, Inc. (NVR). Acuren Corporation (TIC) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held TIC at the end of the first quarter which was 0 in the previous quarter. While we acknowledge the risk and potential of TIC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TIC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
