392 material Form 8-K filings that 341 companies we cover made with the SEC in July 2024, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Casey's General Stores agreed on July 25, 2024 to acquire Fikes Wholesale, owner of CEFCO Convenience Stores, in an all-cash deal. The deal would add 198 retail stores and a dealer network, and the company says it is accretive to EBITDA in the current fiscal year, which is a company claim not yet tested by results. The deal is subject to regulatory review and is expected to close in the fourth quarter of 2024.
Aggregate cash purchase price of $1.145 billion, including tax benefits valued at about $165 million, for a net after-tax price of $980 million
Adds 198 stores and a dealer network, taking the footprint to nearly 2,900 stores; 148 stores are in Texas and 50 are in Alabama, Florida and Mississippi
Company plans to fund the deal with balance sheet cash and bank financing, and expects about $45 million in annual run-rate synergies
Expected to close in the fourth quarter of calendar 2024, subject to closing conditions including the Hart-Scott-Rodino waiting period
On July 21, 2024, Dover entered into an agreement to sell its Environmental Solutions Group businesses to Terex Corporation for $2.0 billion in cash, subject to customary adjustments. Closing depends on customary conditions, including expiration of the Hart-Scott-Rodino waiting period, and either party may terminate if the deal is not completed by April 21, 2025. The filing does not state the financial effect of the sale on Dover's earnings or the use of proceeds.
Buyer: Terex Corporation; price: $2.0 billion in cash, subject to customary transaction adjustments
Agreement signed July 21, 2024; either party may terminate if the deal is not consummated by April 21, 2025
Closing requires the expiration or termination of the Hart-Scott-Rodino waiting period and no governmental order blocking the deal
Full agreement to be filed as an exhibit to the Form 10-Q for the quarter ending September 30, 2024
Darden Restaurants agreed on July 17, 2024 to acquire all outstanding shares of Chuy's Holdings for $37.50 per share in cash, a transaction with an enterprise value of approximately $605 million. The deal requires approval by a majority of Chuy's stockholders and the expiration of the HSR waiting period, and it is not subject to a financing condition. For Darden shareholders, the companies say the deal is expected to be neutral to fiscal 2025 diluted EPS excluding acquisition costs, and accretive by approximately 12 to 15 cents in fiscal 2027.
Price of $37.50 per share in cash, about $605 million enterprise value, a 40% premium to Chuy's 60-day volume weighted average price
Darden expects acquisition and integration-related expenses of approximately $50 to $55 million, pre-tax, and pre-tax net synergies of approximately $15 million by the end of fiscal 2026
Go-shop period ends 11:59 p.m. New York time on August 16, 2024; termination fee of $22,421,057 applies in certain circumstances; End Date is February 17, 2025
Chuy's had 101 restaurants in 15 states as of July 16, 2024, and total revenues over $450 million for the twelve months ended March 31, 2024
Eastern Bankshares completed its merger with Cambridge Bancorp shortly before midnight on July 12, 2024. Cambridge shareholders will receive about 39.2 million shares of Eastern common stock, which increases the number of shares outstanding. The company also named R. David Rosato as Chief Financial Officer, starting August 1, 2024, succeeding James B. Fitzgerald.
Merger completed July 12, 2024; each Cambridge share converted into 4.956 Eastern shares
Cambridge shareholders to receive an aggregate of approximately 39.2 million Eastern shares
R. David Rosato appointed CFO, expected to start August 1, 2024, with $550,000 annual base salary
James B. Fitzgerald transitions out of CFO role and will serve in an advisory capacity for an interim period
MasterBrand, Inc. completed its acquisition of Dura Investment Holdings LLC, the parent of Supreme Cabinetry Brands, on July 10, 2024, for $520 million in cash, subject to customary adjustments. The company expects $28 million in annual run-rate cost synergies by the end of year three and expects the deal to be accretive to adjusted diluted earnings per share within the first full year after closing.
Purchase price of $520 million in cash, subject to customary adjustments, completed on July 10, 2024
Expected annual run-rate cost synergies of $28 million by the end of year three, from procurement, facility optimization and overhead
Expected to be accretive to adjusted diluted earnings per share within the first full year after closing
Financial statements and pro forma information will be filed by amendment within 71 days after the 8-K due date
On July 5, 2024, Standard Motor Products agreed to acquire Nissens Automotive, a European aftermarket parts supplier, for €360 million (about $388 million) in cash on a cash-free, debt-free basis. The company will fund the deal with its credit facility, including a new $125 million term loan, and closing is subject to competition and regulatory clearances, with an outside date of April 1, 2025.
Purchase price of €360 million (about $388 million), subject to adjustment at closing
Amended credit agreement adds a $125 million Term A-2 Loan maturing five years after funding
Company presentation cites Nissens annual revenues of about $260 million and an estimated 7.5x Adjusted EBITDA multiple including run-rate cost synergies of $10 million
Company expects closing by the end of 2024; agreement can be terminated if closing has not occurred by April 1, 2025
Quest Diagnostics signed an agreement on July 2, 2024 to acquire LifeLabs, a Canadian provider of laboratory diagnostic services, from OMERS for about 1.35 billion Canadian dollars (about $985 million U.S.), including net debt. The company expects to fund the deal with cash on hand and debt, and expects it to close by the end of 2024, subject to customer consents and Canadian regulatory approvals.
Purchase price is about CAN $1.35 billion (about USD $985 million), including net debt, subject to customary adjustments.
The company expects the deal to add about CAN $970 million (about USD $710 million) in annual revenue.
Quest expects the deal to be slightly dilutive to GAAP EPS but accretive to adjusted EPS in the first 12 months after closing.
Closing is expected by the end of the year and depends on customer consents and Competition Act and Investment Canada Act conditions.
Artivion amended its 2019 loan and purchase option agreements with Endospan Ltd., a privately held developer of the NEXUS stent graft system. Artivion will provide up to $25 million in additional secured loans, and the option's upfront payment is cut from $250 million to $175 million, or $135 million after loan offset. The company does not expect the amended agreement to have a material impact on its full-year 2024 guidance, and the option takes effect only if Artivion exercises it.
Up to $25 million in new secured loans to Endospan, in tranches of $7 million, $10 million and $8 million; first tranche to be funded as soon as practicable
Loans bear 5% annual interest and are due on the earlier of a third-party acquisition of Endospan or December 31, 2027
Upfront purchase payment reduced from $250 million to $175 million, or $135 million inclusive of loan offset; $100 million minimum earnout eliminated
Company does not anticipate a material impact on full-year 2024 financial guidance
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.