SAN FRANCISCO: Dropbox Inc. has completed the acquisition of DocSend, a secure document sharing and analytics company with more than 17,000 customers. The combination of Dropbox, HelloSign, and DocSend will help customers across industries manage end-to-end document workflows—from content collaboration to sharing and e-signature—giving them more control over their business results. Dropbox is one place…
Eaton acquires Green Motion SA
DUBLIN: Eaton Corp has acquired Green Motion SA, a leading designer and manufacturer of electric vehicle charging hardware and related software. Green Motion is based in Switzerland. “Energy transition around the world is rapidly gathering momentum, and Eaton is well positioned to contribute to society and benefit from this important trend,” said Uday Yadav, president…
Mac appointed permanent CEO & President of California Resources Corporation
SANTA CLARITA: California Resources Corporation announced the appointment of Mark A. McFarland (Mac) as the Company’s permanent President and Chief Executive Officer, effective immediately. Mr. McFarland has served on the Company’s board since its emergence from bankruptcy in October 2020, as its Executive Chairman from November 2020 through December 31, 2020 and as its Chairman…
Piedmont Lithium plans U.S. public offering of American Depositary Shares
SYDNEY: Piedmont Lithium Limited plans to conduct a U.S. public offering of up to 1.5 million of its American Depositary Shares (ADSs), with each ADS representing 100 of its ordinary shares. J.P. Morgan, Evercore ISI and Canaccord Genuity are acting as joint book-runners and lead underwriters for the offering. Piedmont intends to grant the underwriters…
Oceania announces $100 million equity raising to fund acquisitions
AUCKLAND: Oceania Healthcare Limited announced plans to raise approximately NZ$100 million to fund the acquisition of a premium retirement village, Waterford on Hobsonville Point, and its existing leased facility and adjacent development land in Franklin through a fully underwritten NZ$80 million placement of new shares and a non-underwritten retail offer of up to NZ$20 million….
Pakistan Power Generation up by 2.6% YoY during 8MFY21
All-time high generation for February – up by 4.0% YoY § Power generation went up by 4.0% YoY to 7,281 GWh (10,835 MW) during Feb’21, compared to 7,002 GWh (10,060 MW) during Feb’20. § Major contributors during Feb’21 were: Hydel (Share: 28%), Coal (Share: 26%), RLNG (Share: 17%), Gas (Share: 12%), Nuclear (Share: 11%), Bagasse (Share: 1.4%),…
Eutelsat buys EUTELSAT 36D Satellite from Airbus
PARIS: Eutelsat Communications has signed a contract with Airbus for the procurement of EUTELSAT 36D to succeed EUTELSAT 36B, expected to reach its end of life at the end of 2026, at its key 36° East orbital position. With coverage of Africa, Russia and Europe, 36° East is a key orbital slot for Eutelsat, ranking…
Euronext sells Centevo to Profile Software
AMSTERDAM: Euronext has completed the sale of Centevo to Profile Software, an international financial solutions provider. Centevo had been acquired in 2019 as part of the acquisition of Oslo Børs VPS. Centevo generated c.€5.5m of revenues in 2020. The sale of this asset was implemented as part of a strategic review initiated following the integration…
SoftOx and Norwegian Defense Research Establishment sign collaboration agreement
OSLO: SoftOx Solutions and the Norwegian Defense Research Establishment (FFI) have signed a collaboration agreement with main focus on adapting the technology and products the company develops for military purposes both nationally and internationally. SoftOx is developing a new class of antimicrobal agents, herunder range of wound care products for cleansing, prevention and treatment of…
Media and Games Invest to issue EUR 40 million additional bonds to fund future acquisitions
STOCKHOLM: Media and Games Invest (MGI) has evaluated different options to finance accelerated growth and decided to focus on non-equity instruments. Based on strong indicative support from credit investors MGI plans to finance upcoming M&A opportunities by issuing additional bonds of a total up to of EUR 40 million in a subsequent tap issue permitted…
Catena progresses on its proposed acquisition of Insight Capital Partners
LONDON: The Board of Catena Group announced that it continues to make good progress on its proposed acquisition of Insight Capital Partners Limited. As a result, the Company announces its intention, upon completion of the Acquisition, to change its name to Insig AI Plc in order to better represent the new operational focus of the…
AstraZeneca US vaccine trial met primary endpoint
LONDON: The AstraZeneca US Phase III trial of AZD1222 demonstrated statistically significant vaccine efficacy of 79% at preventing symptomatic COVID-19 and 100% efficacy at preventing severe disease and hospitalization, a news release said. This interim safety and efficacy analysis was based on 32,449 participants accruing 141 symptomatic cases of COVID-19. The trial had a 2:1…