Ginkgo Bioworks, a Boston-based biotech company, has agreed to merge with Soaring Eagle Acquisition Corp., a publicly traded blank check company, in a deal that values the former at $15 billion. The deal will enable Ginkgo Bioworks to become a publicly listed company. Founded in 2008, the company is engaged in using genetic engineering for […]
Independent Bank Corp., the holding company of Rockland Trust Company, and Meridian Bancorp, the parent company of East Boston Savings Bank, have agreed to merge into an all-stock deal worth around $1.15 billion. Both the bank holding companies are based in Massachusetts. As per the terms of the deal, Meridian Bancorp’s shareholders will exchange each […]
Merck has wrapped up its previously announced $1.85 billion acquisition of Massachusetts-based clinical-stage biotech company Pandion Therapeutics. The pharma giant said that it had successfully completed the cash tender offer, via a subsidiary, for all of the outstanding shares of Pandion Therapeutics at $60 per share. After the finalization of the tender offer, Merck closed […]
Eastern Bankshares has agreed to acquire rival Boston-based bank holding company Century Bancorp in an all-cash deal worth $642 million. While Eastern Bankshares is the holding company for Eastern Bank, Century Bancorp is the holding company for Century Bank and Trust Company. The combination will create a $22 billion combined entity, which will strengthen tge […]
AVANGRID has been issued the final environmental impact statement (FEIS) for the 800MW Vineyard Wind 1 project from the US Bureau of Ocean Energy Management (BOEM). The FEIS marks the final step prior to a record of decision (ROD) from the federal agency for the proposed Vineyard offshore wind farm in Massachusetts. The ROD is […]
Merck has agreed to acquire Pandion Therapeutics, a Massachusetts-based clinical-stage biotech company, for about $1.85 billion in an all-cash deal. Pandion Therapeutics is engaged in developing therapeutics for addressing the unmet needs of patients suffering from autoimmune diseases. The US biotech company is being acquired by Merck for $60 per share. Commenting on Merck acquisition […]
Moore, a marketing solutions provider, has acquired Worcester Envelope Company, which specializes in custom envelope manufacturing. The financial terms of the deal were not disclosed. Moore said that the acquisition follows within a year of the $31 million investment it made in envelope manufacturing through the opening of Richmond Print Group in Virginia. The marketing […]
Dutch health technology company Royal Philips has signed an all-cash deal worth $635 million to acquire Capsule Technologies, a portfolio company of Francisco Partners. Based in Massachusetts, Capsule Technologies caters to hospitals and healthcare organizations with medical device integration (MDI) and data technologies. Established in 1997, the company is said to serve more than 2,800 […]
HUB International, a global insurance brokerage, has acquired the assets of Baystate Fiduciary Advisors based in Boston, Massachusetts for an undisclosed price. Baystate Fiduciary Advisors provides investment fiduciary advisory services to 401k and 403b plan sponsors with a general business approach and also a strong concentration in the non-profit sector. As of September 2020, the […]
Massachusetts-based kSARIA, a portfolio company of Behrman Capital, has acquired Compulink Cable Assemblies for an undisclosed price. Based in Florida, Compulink Cable Assemblies is an AS9100-registered manufacturer of high-reliability cables and harnesses for military and commercial applications. On the other hand, kSARIA is a producer and supplier of mission-critical connectivity solutions for the aerospace and […]