LONDON, UK: Hologic Inc. (Nasdaq: HOLX), a global leader in women’s health, that it is has signed a definitive agreement to acquire Endomagnetics Ltd. The acquisition, which is subject to regulatory approval as well as working capital and other customary closing adjustments values Endomag at approximately $310m. Endomag is a medical technology company, based in…
Author: Bernice Miles
Wilmington plc has sold French healthcare business, APM, for €26 million
LONDON, UK: British Media Group, Wilmington plc (LSE: WIL), the provider of data, information, education and training in the global Governance, Risk and Compliance markets, has sold its French healthcare business, APM, for an enterprise value of €26 million in cash, subject to customary working capital adjustments, to Philia Medical Editions SAS, a subsidiary of…
Mining giants BHP and Anglo American evaluate merger
Rejection of BHP Proposal LONDON, UK: BHP Group has confirmed its intention to pursue a historic merger with Anglo American. On April 16, 2024, BHP proposed an all-share offer that would see Anglo American shareholders receive 0.7097 BHP shares for each Anglo American share, alongside a pro-rata distribution of shares in Anglo American Platinum Ltd…
Woodside Energy leads transformation in Energy Sector: CEO Meg O’Neill
LONDON: In a year marked by both triumph and tragedy, Woodside Energy has emerged as a leader in the energy sector’s transformation. CEO and Managing Director Meg O’Neill reflected on the company’s journey through 2023, a year of record production and strategic advancements, but also a year marred by the loss of a colleague at…
Quanex Building Products to acquire Tyman Plc in a £788 million deal
LONDON, UK: Quanex Building Products Corporation has reached agreement on the terms of a recommended cash and share offer to acquire Tyman Plc. The transaction is intended to be implemented by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act. Under the terms of the transaction, Tyman shareholders will be…
International Paper Company and DS Smith Plc have agreed to merge
LONDON, UK: International Paper Company and DS Smith Plc have agreed to a recommended all-share merger. This move will unite two complementary businesses, establishing a global leader in sustainable packaging solutions with strongholds in Europe and North America. It is intended that the Combination will be implemented by way of a Court-sanctioned scheme of arrangement…
Hostmore plc proposes to acquire TGI Fridays Inc. for £177 million
LONDON, UK: Hostmore plc has reached agreement on a non-binding basis for a proposed all-share acquisition of TGI Fridays Inc. TGI Fridays is the global hospitality business that owns the American-themed casual dining brand “TGI Fridays” which is the Company’s franchisor. TGI Fridays primarily operates through franchising and licensing agreements in the US and in…
Air Astana Group and Neos SpA forge strategic airline alliance
LONDON, UK: Air Astana Group, the premier airline conglomerate in Central Asia and the Caucasus, has announced a strategic partnership with Neos SpA, Italy’s second-largest carrier and a member of the Alpitour group. This collaboration is set to enhance connectivity and service between the two regions, marking a significant step in international travel and cooperation….
Glanbia signs deal to acquire Flavor Producers LLC for upto $355 million
LONDON, UK: Glanbia plc has entered into an agreement with the shareholders of Aroma Holding Company, LLC and related entities, the owners of Flavor Producers LLC to acquire the business for an initial consideration of $300 million plus deferred consideration. Flavor Producers is a leading flavour platform in the US, providing flavours and extracts to…
Shurgard Self Storage offers to acquire Lok’nStore in a £378 million deal
LONDON, UK: Shurgard Self Storage Ltd has reached agreement on the terms of a recommended cash offer to acquire Lok’nStore Group. Under the terms of the acquisition, Lok’nStore shareholders will be entitled to receive 1,110 pence in cash for each share valuing the entire issued and to be issued share capital of Lok’nStore at approximately…
Tesco Plc reports 100% growth in operating profit to £2.821 billion in FY 23/24
LONDON: Tesco Plc has announced its financial results for the fiscal year 23/24, showcasing significant gains across various financial metrics. The retail giant reported group sales of £61.477 billion, marking a 7.4% increase at actual rates compared to the previous year’s £57.216 billion. This growth remained consistent at constant rates with a 7.2% rise, reflecting…
HSBC agrees to sell its business in Argentina to Grupo Financiero Galicia for $550m
LONDON: HSBC Latin America B.V., a wholly owned subsidiary of HSBC Holdings plc, has entered into a binding agreement to sell its business in Argentina to Grupo Financiero Galicia, the largest private financial group in Argentina. Noel Quinn, Group Chief Executive, said: “We are pleased to agree the sale of HSBC Argentina. This transaction is…