Beneficient in Deal to Buy Puerto Rico's Mercantile Bank International

Dow Jones

2024-12-06

By Sabela Ojea

Beneficient said it is acquiring Mercantile Bank International, a Puerto Rico-based international financial entity, for $1.5 million.

The asset management platform on Thursday said that the aggregate purchase price will be paid in up to about 2.1 million of the company's class A shares and cash.

"We are very excited about the potential avenues for revenue growth that would be facilitated through this acquisition," said Beneficient.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

December 05, 2024 17:13 ET (22:13 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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@sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 05, 2024 17:13 ET (22:13 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BENF","symbol_name":"Beneficient","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489146804","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489146804","pubTimestamp":1733436780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Beneficient said it is acquiring Mercantile Bank International, a Puerto Rico-based international financial entity, for $1.5 million.The asset management platform on Thursday said that the aggregate purchase price will be paid in up to about 2.1 million of the company's class A shares and cash.\"We are very excited about the potential avenues for revenue growth that would be facilitated through this acquisition,\" said Beneficient.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BENF":"Beneficient","BK4211":"区域性银行","MBWM":"莫肯特尔银行","BK4135":"资产管理与托管银行"},"translate_title":"收购波多黎各国际商业银行交易的受益人","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BENF":1,"MBWM":1},"content_text":"By Sabela Ojea \n\n\n \n\n\nBeneficient said it is acquiring Mercantile Bank International, a Puerto Rico-based international financial entity, for $1.5 million. \n\n\n  The asset management platform on Thursday said that the aggregate purchase price will be paid in up to about 2.1 million of the company's class A shares and cash. \n\n\n  \"We are very excited about the potential avenues for revenue growth that would be facilitated through this acquisition,\" said Beneficient. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 05, 2024 17:13 ET (22:13 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}