LONDON: Zotefoams, a global leader in supercritical fluid foam technology, has unveiled plans to expand its manufacturing and innovation capabilities with new facilities in Vietnam and South Korea. This strategic investment aims to bolster its presence in the athletic footwear market, where the company has built a strong partnership with Nike, contributing to annual revenues…
Smarttech247 and Sure Ventures agree to sell Getvisibility
LONDON: Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, has agreed to sell its entire unquoted minority position in Visibility Blockchain Limited to Forcepoint, a global leader in data and cloud security. The disposal is expected to generate a gross cash…
KKR and Stonepeak launch £1.6 billion bid for Assura plc
LONDON: Assura plc announced that it has received an indicative, non-binding cash offer from Kohlberg Kravis Roberts & Co. Partners L.L.P. (KKR) and Stonepeak Partners (UK) LLP for the company’s entire issued and to-be-issued share capital at 49.4 pence per share. The proposed cash offer, referred to as the “Possible Cash Offer,” values Assura at…
Aegros Bidco to acquire Alliance Pharma in £362 million deal
LONDON: On 10 January 2025, Aegros Bidco Limited and Alliance Pharma plc announced a recommended acquisition of Alliance by Bidco, excluding shares held by DBAY Advisors Limited. The deal, valued at approximately £362 million, will be executed through a Court-sanctioned scheme under the Companies Act. On 31 January 2025, Alliance published a Scheme Document outlining…
Roquefort Therapeutics announces proposed sale of subsidiary Oncogeni Ltd
LONDON: Roquefort Therapeutics (LSE:ROQ), a biotech company focused on developing innovative immunology and oncology medicines, has announced a term sheet agreement for the sale of its subsidiary, Oncogeni Ltd, to The Nations Trust Holding LLC. The deal is valued at up to $12 million in cash, including upfront and milestone payments. Roquefort Therapeutics and Nations…
Deliveroo exits Hong Kong
LONDON: Deliveroo has decided to exit its Hong Kong operations through a sale of certain assets to foodpanda and the closure of other assets. Deliveroo Hong Kong has nominated liquidators to manage closure of the Hong Kong business and the remainder of its assets in the most efficient way possible. There are several dynamics specific…
New Frontier Minerals sells Broken Hill East project to Impact Minerals
SYDNY: New Frontier Minerals (ASX: NFM) has agreed to sell its wholly owned subsidiary, BHA No. 1 Pty Ltd, which holds the Broken Hill East Project, to Impact Minerals Limited (ASX: IPT). The deal, valued at $275,000, will see NFM receive IPT shares based on a 14-day VWAP of $0.0073 per share as of 7…
Bally’s Corporation proposes $250 million capital injection for The Star Entertainment Group
SYDNEY: The Star Entertainment Group (ASX: SGR) confirmed on Monday that it has received an unsolicited, non-binding funding proposal from Bally’s Corporation. The proposal outlines a potential capital raise of at least A$250 million (approximately $165 million USD) to support The Star’s financial needs. Under the terms of the proposal, The Star would issue convertible…
Bitcoin drops over 5% amid market volatility following Trump’s bitcoin reserve plan
Cryptocurrency prices tumbled Monday as market volatility persisted in the wake of an executive order by President Donald Trump to establish a U.S. strategic bitcoin reserve. The announcement, which fell short of investor expectations, triggered a sell-off across major digital assets. Bitcoin, the world’s largest cryptocurrency, fell more than 5%, trading at $81,712 as of…
Atturra acquires U.S.-based Kitepipe
SYDNEY: Atturra Limited (ASX: ATA), a leading technology services provider, announced today that its subsidiary, Atturra North America Inc., has acquired Kitepipe, a U.S.-based Boomi Platinum Partner. The acquisition aims to enhance Atturra’s data and integration capabilities, particularly in North America. The deal, executed through a Membership Interest Purchase Agreement (MIPA), involves an upfront cash…
Zeus Resources to acquire high-quality antimony exploration project in Morocco
SYDNEY: Zeus Resources Ltd. (ASX: ZEU) announced Monday that it has entered into an agreement to acquire the Casablanca Antimony Project in central Morocco, a high-potential exploration site targeting antimony mineralization. The acquisition, subject to shareholder approval, includes six exploration licenses covering an area of 79 square kilometers. The Casablanca Antimony Project, located approximately 42…
Hunting PLC acquires Organic Oil Recovery technology for $17.5 million
LONDON: Hunting PLC (LSE: HTG), a precision engineering company, announced Friday that it has acquired the Organic Oil Recovery (OOR) technology from its founding shareholders for $17.5 million. The deal includes the entire portfolio of intellectual property—comprising over 25 patents—the distribution rights, and a California-based laboratory. The acquisition positions Hunting as the global rights holder…