LONDON, UK: Mustang Energy plc and Cykel AI plc have entered into a non-binding heads of terms for Mustang to acquire the entire issued share capital of Cykel, a company incorporated in England and Wales, which is listed on the Aquis Stock Exchange Growth Market (AQSE: CYK). According to the terms, Mustang Energy will pay…
Category: London Stock Exchange
News and updates from London Stock Exchange
Mercia completes syndicated funding rounds into three existing direct investments
LONDON: Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£1.5billion of assets under management, has recently completed syndicated funding rounds into three of its existing direct investments, an AIM news announcement stated. The investments comprised: Dr Mark Payton, CEO of Mercia Asset Management PLC, said: “We continue to be…
Sign In Solutions offers to acquire SmartSpace Software for £28.35 million
LONDON: Sign In Solutions Inc. (SIS) and SmartSpace Software have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of SmartSpace by Sign In Solutions’s subsidiary, Welcome UK Bidco Limited. Under the terms, each SmartSpace shareholder will be entitled to 90 pence in cash/share….
AstraZeneca enters definitive agreement to acquire Amolyt Pharma for $1.05 billion
AstraZeneca announced that it has entered into a definitive agreement to acquire Amolyt Pharma, a clinical-stage biotechnology company focused on developing novel treatments for rare endocrine diseases. Under the terms of the agreement, AstraZeneca will acquire all of Amolyt Pharma’s outstanding shares for a total consideration of up to $1.05 billion, on a cash and debt free basis….
Woodbois Ltd divests Mozambique operations
LONDON, UK: Woodbois Ltd (AIM:WBI), a leading company in the international timber industry, announced its decision to divest its operations in Mozambique. The Group has signed a Letter of Intent (“LOI”) for the sale of the legal entities associated with its Mozambique operations to a local purchaser. A comprehensive sale agreement is expected to be…
HeraMED partners with FemBridge to create maternal health solution
SYDNEY: HeraMED Limited (ASX:HMD), a pioneer in digital maternity care, has announced a definitive agreement with FemBridge to create a scalable maternal health solution. This collaboration aims to enhance maternal healthcare from preconception to postpartum, focusing on mental wellbeing. FemBridge’s holistic approach integrates Social Determinants of Health, advanced technology access, home monitoring for maternal and…
Macfarlane Group has acquired Allpack Packaging Supplies Limited
LONDON: Macfarlane Group announced the acquisition of Allpack Packaging Supplies Limited (Allpack). This earnings-enhancing acquisition further progresses Macfarlane’s strategy to build its protective packaging business through a combination of organic and acquisitive growth. A well-established business based in East Anglia, supplying protective packaging products to customers across a wide range of sectors, from its warehouse…
Ørsted divests share of four US onshore wind farms to Stonepeak for $300 million
LONDON: Through the partnership with Stonepeak, Ørsted will recycle capital to support its business plan and future value-creating renewable energy projects. Ørsted has signed a transaction with Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, whereby Ørsted will divest to Stonepeak an equity ownership stake in a portfolio consisting of four…
Advanced Medical Solutions Group signs deal to acquire Peters Surgical for €141.4 million
CLOSING OF PETERS SURGICAL ACQUISITION WINSFORD, UK: Advanced Medical Solutions Group plc (AIM: AMS), a premier innovator in the field of tissue-healing solutions, signed a deal for the intended purchase of Peters Surgical, a foremost international supplier of specialty surgical sutures, mechanical haemostasis, and internal cyanoacrylate devices. The aggregate maximum monetary compensation is set at…
Dynasty Gaming & Media to acquire Googly Media Holdings for $7.6 million
LONDON, UK: Blue Star Capital plc, an investment firm specializing in esports, payments, and technology, has announced that its investee, Dynasty Gaming & Media Pte Ltd, has agreed to acquire Googly Media Holdings Pte Ltd. The deal, valued at approximately $7.6 million, will result in a combined entity worth $15 million. The acquisition, effective from…
Arecor Therapeutics and TRx Biosciences collaboration for oral diabetes treatment
LONDON: Arecor Therapeutics plc and TRx Biosciences Limited have entered into a research collaboration to develop an oral form of glucagon-like peptide-1 (GLP-1) receptor agonist, a treatment for type 2 diabetes and obesity. The partnership aims to overcome the challenges of oral peptide delivery due to the digestive system’s degradation of these drugs, which typically…
Hill & Smith has acquired FM Stainless for $8.75 million
LONDON, UK: Hill & Smith plc, the international provider of sustainable infrastructure products and services, announced the acquisition of FM Stainless, LLC. The Group has completed the acquisition of the business and assets of FM Stainless from its principal shareholder, Chad Hood, who will be staying with the business. The initial cash consideration is $8.25m…