ATLANTA: Gray Television Inc. has agreed to acquire all outstanding shares of Meredith Corporation for approximately $14.50 per share in cash, or $2.7 billion in total enterprise value after the spinoff of Meredith’s National Media Group to the current Meredith shareholders, a news release said. The parties expect to close the transaction in the fourth…
Versus names Alasdair Lloyd-Jones as new President
NEW YORK: Versus, a creator of creative content, appointed Alasdair Lloyd-Jones as the company’s new president and chief marketing officer, a news release said. As Versus continues to expand its footprint within the creative industry, Lloyd-Jones’ goal is to further define and grow the company as a leading creator of non-disposable content. “I was drawn…
Trifork Holding acquires Swiss IT-firm Vilea
SCHINDELLEGI: Trifork Holding AG has completed the acquisition of Vilea, a Swiss-based IT-firm specializing in designing and delivering tailor-made mobile enterprise applications, in a move aimed at expanding Trifork’s position in Switzerland and central Europe. Vilea has 11 employees in offices in Zürich and Vienna. Combining Trifork’s ecosystem of technological competencies, with Vilea’s talented team…
Nabd launches financial markets data and news section in Arabic
DUBAI: Nabd, the largest personalized Arabic news app and platform, has launched a new section giving business users access to local, regional, and international financial markets data and up-to-the-minute economic news and information, in Arabic language, a news release said. The new content offering, on Nabd Arabic news app, provides business leaders and financially-savvy users…
KKR & Co. acquires Natural Pet Food Group
CHRISTCHURCH: KKR & Co., a leading global investment firm, announced the completion of acquisition of Natural Pet Food Group, a New Zealand-based premium pet food company. The investment will be used to support the Company’s international growth and advance its mission to supply safe, sustainably sourced high-meat pet food from New Zealand to more customers…
Honda Atlas Cars re-appoints CEO and Chairman
KARACHI: Honda Atlas Cars has re-appointed Hironobu Yoshimura as the President and Chief Executive Officer of the company for a period of three years commencing May 02, 2021. The Board of Directors of Honda Atlas Cars re-appointed Aamir H. Shirazi as the Chairman of the company for a period of three years commencing May 02,…
Mutares completes the acquisition of La Rochette from RDM Group
MUNICH: Mutares SE & Co. KGaA has completed the acquisition of RDM La Rochette S.A.S. from the Italian Reno De Medici (RDM) Group. La Rochette is located in Valgelon-La Rochette, France and produces Folding Boxboard based on virgin fibers (FBB). The company is the main producer in the FBB market in Southern Europe, with France…
Pakistan CPI increased by 11.1% YoY in April
Headline inflation clocked-in at 11.10% YoY in Apr-2021, compared to a 9.05% YoY increase in Mar-2021. The surge in inflation during the month is partly due to the low base effect in Apr-2020 when CPI had fallen by 0.84% MoM owing to the pandemic effect. On MoM basis, CPI increased by 1.03% in Apr-2021, mainly…
Carbios launched €105 million capital increase to finance its industrial development plans
PARIS: Carbios today announced the launch of a capital increase without shareholders’ preferential subscription rights by way of a public offering and with a priority subscription period, on an irreducible basis only, to its existing shareholders and a global offering, for an initial amount of €105 million. The Offering may be increased up to a…
Westpac New Zealand CEO David McLean to retire in June 2021
SYDNEY: Westpac New Zealand Limited Chief Executive Officer, David McLean has today announced he will be retiring after more than 20 years with the Group. Mr McLean joined Westpac New Zealand in 1999 and held a number of senior roles across retail and institutional banking, before being appointed CEO Westpac New Zealand Limited in February…
Jeremy Nicoll appointed CEO of Arvida Group, as McDonald stepping down
WELLINGTON: Chief Executive Officer of Arvida Group Limited, Bill McDonald, would be stepping down from his position at the end of September to pursue personal interests, the company announced. “Bill has done a fantastic job leading Arvida through an NZX listing in 2014 to become one of the larger and most respected retirement village and…
NZX and S&P Dow Jones jointly launch New Zealand’s first carbon efficient indices
AUCKLAND: New Zealand’s Exchange (NZX) today launched New Zealand’s first carbon efficient indices in partnership with the world’s leading index provider, S&P Dow Jones Indices (“S&P DJI”), amid rapidly growing investor interest, and action globally to reduce carbon emissions and address climate change, a news release said. New Zealand’s first ‘carbon light’ index Aligned with…