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 […]
The Kroger Co. has signed a $5 billion revolving credit agreement, solidifying its financial strategy amidst its ongoing merger plans with Albertsons Companies Inc. The agreement, executed on September 13, 2024, is an unsecured revolving credit facility that provides Kroger with significant financial flexibility as it navigates the competitive retail landscape. Key Details of the […]
Innovex, a provider of downhole products and technologies for the oil and gas industry, and Dril-Quip, a global manufacturer of highly engineered drilling and production equipment, have announced the successful completion of their merger. The merger combines the strengths of both companies to form a unique energy industrial platform designed to provide enhanced product offerings […]
Stericycle Inc. (NASDAQ: SRCL), a key player in the medical waste management sector, saw its stock rise by 4.4% on Friday following a significant development in its merger with Waste Management Inc. (NYSE: WM). The company announced that the Federal Trade Commission (FTC) had allowed the mandatory waiting period to expire without objections, a critical […]
The European Commission (EC) has granted unconditional approval for Bunge Global S.A.’s acquisition of Viterra Limited, a deal valued at approximately $34 billion. This approval, made under the EU Merger Regulation, comes with the condition that Bunge and Viterra must fully adhere to the commitments offered during the merger process. Critical Transaction Details Bunge Global […]
In a landmark deal in the luxury retail industry, HBC, the parent company of Saks Fifth Avenue, has agreed to acquire Neiman Marcus Group for a total enterprise value of $2.65 billion. This strategic acquisition will result in the formation of Saks Global, a new entity that will combine the iconic luxury brands Saks Fifth […]
In a significant move that reshapes the banking landscape of the mid-Atlantic region, Atlantic Union Bankshares Corporation has officially completed its merger with American National Bankshares Inc. The deal, which closed on April 1, 2024, was previously announced and has been keenly watched by industry insiders. This merger marks a pivotal step for Atlantic Union, […]
X4 Pharmaceuticals has finalised its merger with Arsanis, creating a late-stage biopharmaceutical company focused on tackling rare diseases and cancer. This strategic move unites two Massachusetts-based companies, with X4 Pharmaceuticals specializing in immune cell trafficking therapies for conditions such as primary immunodeficiencies and cancer, and Arsanis leading the charge in monoclonal antibody (mAb) immunotherapies for […]
Millendo Therapeutics has finalized its merger with OvaScience, a Massachusetts-based biotech firm specializing in female infertility treatments. The transaction, initially announced in August 2018, concludes with Millendo receiving a total of $85.4 million. This sum comprises $35.9 million in cash from OvaScience and an additional $49.5 million from a related financing effort. The merger’s completion […]