Industrias Bachoco S.A. de C.V. or Bachoco (NYSE: IBA) is a poultry producer in Mexico. Its primary operations include preparing feed, breeding and growing chickens, and processing and distributing chicken products. It also grows swine. In 4Q16, the Company reported net financial income of $313.5 million (pesos). Bachoco expanded into the US by acquiring Arkansas…
Babcock & Wilcox Enterprises Inc.
Babcock & Wilcox Enterprises Inc. (NYSE: BW), originally Babcock, Wilcox & Company and then The Babcock & Wilcox Company, is an American industrial manufacturer based in Akron, Ohio. Historically, the company is best known for their steam boilers and nuclear power systems. It was founded in 1867 by Stephen Wilcox and his partner George Herman…
B2Gold Corporation
B2Gold Corporation is a Canadian mining company that owns and operates gold mines in Mali, Namibia and the Philippines. The company is headquartered in Vancouver, and was founded in 2007, and was then listed on the Toronto Stock Exchange, then later listed on the New York Stock Exchange and the Namibian Stock Exchange. The company…
Jushi Holdings announces significant expansion of Pennsylvania cultivation facility
BOCA RATON: Jushi Holdings Inc., a cannabis operator, announced plans to nearly double the square footage of its subsidiary’s grower-processor facility in Scranton, Pennsylvania from approximately 90,000 sq. ft. to more than 160,000 sq. ft. in a phased expansion. The majority of the approximate 70,000 sq. ft. expansion project will be focused on increasing the…
XS Financial obtains revolving credit facility to support continued growth
LOS ANGELES: XS Financial Inc. has successfully closed a US$2million senior secured revolving credit facility, with an FDIC insured bank, which has a term of two (2) years, expiring in November 2022. Loans made under the revolving facility will bear interest at an annual rate equal to the greater of i) eight percent (8.0%) per…
Emirates crowned Best Airline and Best Long-Haul Airline
DUBAI: Emirates has been recognised as the Best Airline for 2020 at The Sun Travel Awards, and the Best Long-Haul Airline at The Times and The Sunday Times Travel Awards. Following an unprecedented year for travel, hundreds of thousands of votes were cast by readers looking to celebrate the best in the industry. Emirates’ range…
Connells completes due diligence, confirms off for acquisition of Countrywide plc
LONDON: The board of Connells Limited has completed its due diligence in relation to Countrywide plc and re-confirmed its proposal to acquire Countrywide at a price of 250 pence per Countrywide share, translating into an enterprise value of £172.3 million. The making of any firm offer in accordance with Rule 2.7 of the Code is…
Advanced Medical Solutions buys Raleigh Adhesive Coatings for £22 million
WINSFORD: Advanced Medical Solutions Group plc as acquired Raleigh Adhesive Coatings Limited, an independent woundcare and bio-diagnostics coatings business for £22 million in cash. The Acquisition will strengthen AMS’s position in the woundcare sector by bringing in-house specialist services of acrylic and silicone coating, perforation processing and some bulk materials converting capabilities which are currently…
Uniphar’s acquisition of Hickey’s Pharmacy Group approved by the CCPC
DUBLIN: Uniphar plc announced the approval by the Competition and Consumer Protection Commission (CCPC) of the acquisition of Hickey’s Pharmacy Group previously disclosed on 2 September. The acquisition is earnings accretive from completion and will be further enhanced through leveraging Uniphar’s existing infrastructure and scale to unlock additional synergies. As previously guided, this is expected…
Inspired Energy receives London Stock Exchange’s Green Economy Mark
LONDON: Inspired Energy has received London Stock Exchange‘s Green Economy Mark in recognition of its environmental and strategic advice, service and support to customers. The Green Economy Mark allows greater visibility for investors interested in green economy activities and recognises those companies that are contributing to a greener and more sustainable economy. London Stock Exchange…
Harworth Group acquires Saturn Park in Merseyside for £26 million
LONDON: Harworth Group plc has acquired off-market Saturn Park in Knowsley, Merseyside, for £26 million plus acquisition costs, a news release said. The acquisition is in line with Harworth’s strategy to grow its predominantly industrial investment portfolio through the acquisition of high yielding properties with inherent value and growth potential. Situated on a 35.2 acre…
Concepta acquires home-use genetic testing company, Genome Store
LONDON: Concepta PLC announced the acquisition of 100% of the outstanding share capital of The Genome Store Ltd, a provider of home-administered postal genomic test services, for an initial consideration of £0.28m payable in shares, and a deferred consideration of up to £0.24m payable in shares and linked to performance milestones. The deferred consideration is…