In a significant move to bolster its presence in the premium pet food market, General Mills has announced the acquisition of Whitebridge Pet Brands’ North American premium cat feeding and pet treating business for $1.45 billion. This strategic purchase from European private investment firm NXMH is set to enhance General Mills’ pet food portfolio, aligning […]
The UK’s Competition and Markets Authority (CMA) announced on Thursday that it has launched an in-depth probe into the $962 million acquisition of Wincanton by U.S.-based warehousing giant GXO Logistics. The decision to escalate the inquiry follows GXO’s failure to provide acceptable remedies to address the CMA’s concerns regarding potential anti-competitive impacts of the deal. […]
In a strategic maneuver poised to reshape the European digital asset landscape, Paris-based cryptocurrency data provider Kaiko has announced its acquisition of Swedish crypto index firm Vinter. This acquisition underscores Kaiko’s ambition to dominate the burgeoning European crypto Exchange-Traded Product (ETP) sector. Kaiko’s strategic expansion into European crypto ETPs Kaiko’s acquisition of Vinter signifies a […]
Shares of Emcore Corporation (NASDAQ: EMKR) surged sharply on the news of its acquisition of Velocity One, a strategic move aimed at enhancing its product portfolio and market position. Investors were quick to react positively to the buyout announcement, driving up Emcore’s share price by over 15% in the last trading session. The acquisition signals […]
Aspen Technology shares have surged beyond Emerson Electric’s proposed acquisition price, igniting market speculation that the industrial software giant is worth more than the offered $15.1 billion. The initial cash proposal of $240 per share by Emerson Electric has been eclipsed as Aspen Technology’s stock climbed nearly 5%, trading above $249 per share in premarket […]
In a strategic move set to reshape the specialty insurance landscape, Ryan Specialty Holdings Inc. has finalized its acquisition of Innovisk Capital Partners. This significant development integrates Innovisk into Ryan Specialty Underwriting Managers, enhancing the company’s capabilities and global reach in specialty insurance services. Strategic expansion into specialty insurance Founded in 2017, Innovisk Capital Partners […]
Datawrkz, a subsidiary of Nazara Technologies Limited, has acquired a majority stake in the UK-based growth marketing agency, Space & Time, for approximately GBP 4.8 million (INR 52.3 crores) in a cash and stock deal. This strategic move is set to accelerate Datawrkz’s growth ambitions across Europe and North America, positioning itself as a significant […]
Methode Electronics, Inc. has announced a strategic asset purchase agreement valued at up to $62 million, leading to a significant rise in its stock price. The acquisition aims to enhance the company’s technological capabilities, boosting investor confidence and sparking a 30% jump in after-hours trading. The new agreement outlines a blend of cash payments and […]
Shares of Altair Engineering Inc. have jumped 9.2% following reports hinting at a potential sale of the company. Altair Engineering, a leading provider of software and cloud solutions specializing in simulation and AI-driven analytics, has captured the market’s attention. With trading activity significantly higher than usual, the company’s stock rose to $103.95 in Tuesday’s early […]
Shares of PHX Minerals Inc. (PHX) saw a notable rise after WhiteHawk Energy reiterated its offer to acquire the oil and gas royalty company for $4.00 per share in cash. The deal, offering a 19% premium to PHX’s 90-day volume-weighted average price and a 17% premium over its 30-day average, marks WhiteHawk’s continued efforts to […]