LONDON, UK: Nestlé announced today that is has divested Palforzia, its peanut allergy treatment business, to Stallergenes Greer, a biopharmaceutical company which specializes in the diagnosis and treatment of allergies. The transaction was closed upon signing. This agreement follows Nestlé’s announcement last year that it would conduct a strategic review of Palforzia. Nestlé will receive…
Author: Bernice Miles
SailPoint Technologies UK to acquire Osirium Technologies at the rate of 2.35 pence/share in cash
LONDON, UK: SailPoint Technologies UK Ltd has reached an agreement to acquire Osirium Technologies plc at the rate of 2.35 pence/share in cash. It is intended that the acquisition will be implemented by way of a court-sanctioned scheme of arrangement. The acquisition values Osirium’s entire issued, and to be issued, ordinary share capital at approximately…
Direct Line Group appoints Adam Winslow as Chief Executive Officer
LONDON, UK: Direct Line Group announced that Adam Winslow is to be appointed as Chief Executive Officer of the Company, subject to regulatory approval. It is expected that he will take up the role as Direct Line Group Chief Executive Officer in Q1 2024 succeeding Jon Greenwood who has been Acting CEO since January 2023….
Ashington Innovation agrees to acquire Calon Cardio-Technology for £39 million
LONDON, UK: Ashington Innovation plc has entered into a non-binding heads of terms agreement with Calon Cardio-Technology Limited, to acquire 100% of the outstanding shares in Calon in an all-share transaction. The acquisition is subject to the completion of the proposed reverse takeover of Cell Therapy Limited (CTL) announced on 19th August 2023 as well…
Cordiant Digital Infrastructure to acquire Ireland’s Speed Fibre for €190.5 million
LONDON, UK: Cordiant Digital Infrastructure Limited has entered into an agreement to acquire the entire issued share capital of Speed Fibre DAC, Ireland’s leading open access fibre infrastructure provider. Speed Fibre is being acquired from the Irish Infrastructure Fund for a total enterprise value of €190.5 million. The equity consideration of €97 million will be…
BAE Systems to acquire Ball Aerospace for $5.55 billion
Regulatory Approval for Ball Aerospace acquisition LONDON, UK: BAE Systems, a global leader in defence and aerospace, announced today that it has agreed to buy Ball Aerospace, a leading provider of mission critical space systems and defence technologies, for $5.55 billion in cash. The deal, which is subject to customary closing adjustments, will strengthen BAE…
GCP infrastructure announces GABI combination, potential merger with RM Infrastructure Income
LONDON, UK: GCP Infrastructure Investments Limited (GCP Infra) has set the stage for a transformative phase as it unveils plans to join forces with GCP Asset Backed Income Fund Limited (GABI) and potentially merge with RM Infrastructure Income plc (RMII). The Board of Directors of GCP Infra has announced that it has reached preliminary agreements…
How Debt Consolidation Can Help You Achieve Your Financial Goals
Navigating the complex world of finance can be a daunting task. Many of us find ourselves grappling with multiple debts, trying to balance our incomes and expenses while striving to achieve our financial goals. One promising strategy to streamline this process is debt consolidation. This approach can simplify your financial landscape, reduce stress, and potentially…
CCEP and AEV to jointly acquire Coca-Cola Beverages Philippines
LONDON, UK: Coca-Cola Europacific Partners plc (CCEP), the world’s largest Coca-Cola bottler by both revenue and volume, has announced its intention to jointly acquire Coca-Cola Beverages Philippines, Inc. (CCBPI), a successful business with attractive profitability and growth prospects, from The Coca-Cola Company (KO). CCEP has signed a non-binding Term Sheet and is in advanced discussions…
discoverIE acquires PoE modules maker Silvertel for £21m
LONDON, UK: discoverIE Group plc, a leading international designer and manufacturer of customised electronics to industry, today announced the acquisition of Silver Telecom Limited, a UK-based designer and manufacturer of Power-over-Ethernet modules and complementary products for global industrial electronic connectivity markets. The deal, which is subject to approval under the UK National Security & Investment…
BT Group names Allison Kirkby as new Chief Executive
LONDON, UK: BT Group plc, the UK’s leading provider of broadband, mobile, TV and phone services, has announced the appointment of Allison Kirkby as its new Chief Executive. She will succeed Philip Jansen, who will step down from the role by the end of January 2024. Allison Kirkby is a seasoned leader in the telecommunications…
Rio Tinto grows production and earnings, declares 177 US cents dividend
LONDON, UK: Rio Tinto, the global mining giant, has announced strong half-year results, with a 5% increase in production volumes and a 2% rise in underlying earnings. The company also declared an interim dividend of 177 US cents per share, in line with its 50% payout policy. The company said it generated net cash from…