L3Harris Technologies has agreed to acquire rival aerospace and defense firm Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, in an all-cash transaction valued at $4.7 billion, including the assumption of net debt. Through its second acquisition announcement of 2022, L3Harris Technologies anticipates further improving its delivery of critical capabilities to warfighters and supporting the […]
Canadian mining company Barrick Gold has reconstituted the Reko Diq copper-gold project in Pakistan, located in Chagai District, Baluchistan following the clearance from the apex court of the country and the passage of the law. Reko Diq is an undeveloped copper-gold project, which is owned by Barrick Gold (50%), three federal state-owned enterprises (25%), the […]
Equinor has brought phase 2 of the Johan Sverdrup oil field in the Utsira High region in the Norwegian North Sea on stream, marking full stretch operation of the play. On reaching plateau, the Johan Sverdrup field is said to deliver every third Norwegian oil barrel and ensure stable energy deliveries from Norway. The Johan […]
Nordstrom, an American luxury department store chain, is planning to open a new Nordstrom Rack in Denton, Texas in the fall of 2023. The 25,000sft store will come up at Denton Crossing, a shopping center situated on South Loop 288, just off Interstate 35. Carl Jenkins — Nordstrom Rack Stores Senior Vice President said: “We […]
Caterpillar, an American construction equipment manufacturer, has partnered with Luck Stone, a US crushed stone, sand, and gravel producer, to accelerate the deployment of its autonomous solutions beyond mining. In its first autonomous deployment in the aggregates industry, Caterpillar will implement its autonomous solution at Luck Stone’s Bull Run Plant in Chantilly, Virginia. Caterpillar will […]
Bunge, an American agribusiness and food company, is planning to construct a new integrated soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility in the US, with an investment of around $550 million. The proposed soy protein concentrate facility is anticipated to help Bunge meet increasing customer demand for important ingredients used in […]
Amcor, an Australia-based multinational packaging company, has opened its new flexible packaging facility in Huizhou, China, boosting the company’s position to meet increasing customer demand in the Asia Pacific region. The production facility spans over 590,000sft and is claimed to be the country’s largest flexible packaging facility by manufacturing capacity. Built with an investment of […]
Harrow Health, an ophthalmic therapies developer, will acquire the exclusive US commercial rights to five FDA‑approved ophthalmic products from the Novartis group of companies for up to $175 million. Under the terms of the arrangement, the Nasdaq-listed Harrow will make a one-time payment of $130 million at closing and up to an additional $45 million […]
Italian construction firm Webuild will acquire certain Australian business assets of Clough for a total transaction consideration of AUD 17.6 million plus the assumption of employee liabilities. The acquisition is expected to help increase Webuild’s footprint in Australia and acquire minority interests in projects carried out with Clough in the country, apart from the engineering […]
The Community Financial Corporation (TCFC), the holding company of Community Bank of the Chesapeake, will merge with and into Shore Bancshares, the holding company of Shore United Bank, in an all-stock deal valued at around $254.4 million. The transaction between the two Nasdaq-listed firms is expected to create a bank holding company with around $6 […]