ESCO Technologies (NYSE:ESE) agreed to acquire Ultra Maritime's Signature Management & Power business for $550M, funded through cash and debt, with the new acquisition expected to generate $175M in revenue in 2024 as part of its aerospace and defense segment.
SM Energy (NYSE:SM) is reportedly in advanced talks to acquire Utah oil and gas producer XCL Resources for ~$3B, potentially expanding its operations into the Uinta Basin.
Shift4 has acquired a majority stake in Vectron, adding 65,000 European POS locations, and completed its acquisition of Revel Systems.
Penn Entertainment (NASDAQ:PENN) dropped 8.2% after an analyst stated that a strategic review is unlikely due to a clear ESPN Bet product roadmap, upcoming football season, and volatile interest rates impacting M&A.