Deutsch Family Wine & Spirits has acquired a partial ownership stake in Cantera Negra Tequila from Two Sons Imports following a joint venture agreement. The financial terms of the deal were not divulged. The transaction will enable Deutsch Family Wine & Spirits to increase its spirits portfolio through Cantera Negra Café, a 100% blue agave […]
Fortune Brands Home & Security has agreed to acquire the Emtek and Schaub premium and luxury door and cabinet hardware brands and the US and Canadian Yale and August residential smart home lock brands from Swedish conglomerate Assa Abloy, for $800 million. The transaction complements the inorganic growth strategy of the American home and security […]
UK’s online clothing retailer NEXT, through a newly formed company, has collaborated with Tom Joule to acquire out of administration the majority of the assets of Joules, a premium lifestyle brand and group, for a cash consideration of £34m. NEXT has also acquired the existing head office of Joules for a cash consideration of £7m. […]
Blackstone Real Estate Income Trust (BREIT) has agreed to divest its 49.9% interest in MGM Grand Las Vegas and Mandalay Bay Resort to its joint venture (JV) partner VICI Properties for approximately $1.27 billion in cash. VICI Properties currently holds a 50.1% stake in the joint venture that owns the two properties located in Las […]
Roivant Sciences, a US healthcare company, and Pfizer have established a new Vant to develop and commercialize PF-06480605 (now RVT-3101) for inflammatory and fibrotic bowel diseases. Pfizer-developed RVT-3101 is a fully human monoclonal antibody targeting tumor necrosis factor-like ligand 1A (TL1A), which has been shown to modulate the place and harshness of inflammation and fibrosis […]
Rebyota FDA approval : Ferring Pharmaceuticals has received approval from the US Food and Drug Administration (FDA) for Rebyota (fecal microbiota, live-jslm), a microbiota-based live biotherapeutic, for the prevention of recurrence of Clostridioides difficile infection (CDI). Rebyota, a pre-packaged, single-dose 150 mL microbiota suspension for rectal administration, is indicated for use in individuals 18 years […]
US-based Inland Bancorp and its fully-owned subsidiary Inland Bank and Trust will merge with Chicago-headquartered Byline Bancorp in a cash and stock deal valued at around $165 million. As per the terms of the merger agreement, Byline Bancorp will issue nearly 6.4 million of its shares and $22.9 million in cash to Inland Bancorp’s shareholders […]
American agricultural chemical and seed company Corteva has agreed to acquire Stoller Group, a US-based multinational plant-science company, in an all-cash transaction valued at $1.2 billion. The deal marks Corteva’s second biologicals acquisition this year. It is expected to strengthen Corteva’s assurance to offer biological tools to farmers. Stoller offers physiological-signaling compounds such as plant […]
Pacific Energy and Enbridge have agreed to jointly invest in the construction and operation of the Woodfibre LNG project in Canada, which is touted to be one of the world’s lowest-emission liquefied natural gas (LNG) export plants. The Woodfibre LNG facility, which is being built near Squamish, British Columbia, will produce 2.1 million-tonne-per-year of LNG […]
TagEnergy, a part of France-based Impala SAS Group, will soon begin construction on stage one of the 1.3GW Golden Plains Wind Farm in Victoria, Australia, following the financial closure of the project. The construction work on the $2 billion Golden Plains Wind Farm in Rokewood will commence early in 2023, TagEnergy, the sole investor in […]