AUCKLAND: ArborGen has entered into an agreement with Vallourec S.A. that gives ArborGen exclusive rights to develop and commercialise Vallourec’s genetically improved eucalyptus clones in Brazil. The partnership will expand the products ArborGen can offer its customers, as well as allow it to expand into new markets in Brazil. The company will begin offering Vallourec…
Singapore Exchange named Asia’s Best FX Exchange
SINGAPORE: Singapore Exchange (SGX) is named “Best FX Exchange in Asia” at the FX Markets Asia Awards 2020, a news release said. The award, based on votes by foreign exchange (FX) and money market professionals, recognises the exchange which has demonstrated the ability to offer market participants cost efficiencies and new solutions as well as…
FCPT announces $1.8 million acquisition of Starbucks property
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a Starbucks property for $1.8 million from a previously announced Washington Prime Group transaction. The property is located in Connecticut and is under a net lease to the brand’s corporate entity with a lease term of approximately ten years remaining. The Washington Prime portfolio…
Myers Industries acquires Elkhart Plastics Inc.
AKRON, OHIO: Myers Industries Inc. has acquired the assets of Elkhart Plastics Inc., one of the largest rotational molding companies in the United States, a news release said. The acquisition is the latest action in Myers’ recently announced long-term strategic plan to transform the Company into a high-growth, customer-centric innovator of value-added engineered plastic solutions….
Strategic Wireless acquires multiple tower portfolios in Louisiana and Wisconsin
COSTA MESA: Strategic Wireless Infrastructure Funds Management’s affiliate, SWI Funds Tower Holdings LLC has completed the acquisition of two separate portfolios consisting of cell towers, real estate and other related assets located in Louisiana and Wisconsin. Most recently, the company acquired a tower portfolio located in several desirable recreational locations throughout Wisconsin. The Wisconsin acquisition…
Raytheon Technologies to acquire small satellite leader Blue Canyon Technologies
BOULDER: Blue Canyon Technologies Inc. has entered into a definitive agreement to be acquired by Raytheon Technologies, an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. Blue Canyon Technologies (BCT) will report into Raytheon Intelligence & Space, a business of Raytheon Technologies, subject to certain regulatory…
Bentley Systems announces public offering of common stock
EXTON: Bentley Systems Incorporated has announced a public offering of 10 million shares of its Class B common stock, consisting of 8,103,965 shares to be issued and sold by Bentley and 1,896,035 shares to be sold by existing stockholders of Bentley. Bentley expects to grant the underwriters in the offering a 30-day option to purchase…
ACCO Brands to acquire PowerA for upto $395 million
LAKE ZURICH: ACCO Brands Corporation has signed a definitive agreement to acquire PowerA, a fast-growing, leading provider of third-party video gaming accessories, including controllers, power charging solutions, and gaming headsets. PowerA is a long-standing licensed partner with the leading gaming platforms and title publishers, with a 20-year track record of collaboration, a news release said….
Datadog and Google Cloud extend strategic partnership into new regions
NEW YORK: Datadog Inc., the monitoring and security platform for cloud applications, announced an extension of a strategic partnership with Google Cloud. Under this partnership, Datadog and Google will grow a relationship that began in 2019 with Datadog’s first European Google Cloud data center to now include new regions, making it even easier for organizations…
Babcock & Wilcox announces 3-year contract extension for CEO Kenny Young
AKRON, OHIO: Babcock & Wilcox (B&W) announced a three-year extension of the contract under which Kenny Young serves as B&W’s CEO, through December 31, 2023. Young also serves as Chairman of the B&W Board of Directors. Since joining B&W as CEO in November 2018, Young has led a significant turnaround of the Company, including its…
AM Best-rated debt issuance surges over 30% from 2019 amid pandemic
OLDWICK: Total debt issued among AM Best-rated insurers increased 31% to $56.0 billion during the 12-month period that concluded Sept. 30, 2020, as insurers responded to the potential negative impacts from the COVID-19 pandemic. Debt issuance among this group in the first half 2020 vastly outpaced that same prior-year period, with the period between March…
U.S. insurance companies impairments rise in 2019 due to fraud, bribery investigation
OLDWICK: As many as ten insurance companies became impaired in 2019, compared with three in 2018, including five affiliated life and annuity insurance companies related to a federal investigation into wire fraud and bribery, according to a new AM Best special report. Three health insurers, one life reinsurer and one long-term care accident & health…