LONDON: BAE Systems has completed the acquisition of Raytheon Technologies Corporation’s Airborne Tactical Radios business. The consideration of $275 million (approximately £218 million) has been funded from BAE Systems’ existing cash resources. As a leading provider of airborne tactical radio solutions, the Radios business designs, manufactures and supplies a broad range of mission-critical communication systems…
Dean Foods completes sale of its assets, rights, interests and properties to Dairy Farmers of America
DALLAS: Dean Foods Company has completed the previously announced sales of its assets, rights, interests and properties relating to 44 of the company’s fluid and frozen facilities to subsidiaries of Dairy Farmers of America (DFA). Dean Foods also announced that it has completed the sale of the assets, rights, interests and properties relating to eight…
CASK & KETTLE expands into Walmart
BATTLE CREEK: CASK & KETTLE Hard Coffees & Cider are rolling out into select Michigan Walmart stores. CASK & KETTLE is a woman-owned business co-founded by life-long Michigan native Lucinda Wright. “I grew up in Rives Junction, MI and we are proud to partner with Walmart to bring our artisan crafted brewed cocktails to small…
Canada’s airports seek relief to ease liquidity crisis caused by COVID-19 travel bans
OTTAWA: Canadian Airports Council has sought more support for the short and long term viability of Canada’s airports. Throughout this crisis, airports have remained open to repatriate Canadians, safely move goods and essential workers, and facilitate medevac and other important services. Joyce Carter, Canadian Airports Council chair and president and CEO of Halifax Stanfield International…
3M completes sale of its drug delivery business
BOSTON: 3M has announced that it has completed the sale of substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC., for approximately $650 million in total. The consideration includes cash, an interest-bearing security, and a 17 percent noncontrolling interest in the new company, Kindeva Drug Delivery that will operate…
Polycab India to buyout Ryker from Singapore’s Trafigura for $4.0mn
MUMBAI: Polycab India Limited (PIL) has signed an agreement with Trafigura Pte Ltd, Singapore to acquire 50% stake in Ryker Base Private Limited against a likely purchase consideration of around US $4 million. PIL had entered into a 50:50 JV with Trafigura in 2016 to incorporate Ryker with an aim to strengthen backward integration of…
FanDuel Sportsbook launched in Colorado
BLACK HAWK: FanDuel Group has announced the launch of the FanDuel Sportsbook app and online experience in Colorado. In partnership with Twin River Worldwide Holdings and Golden Gates Casino Black Hawk, Colorado is the fifth state in the United States where the industry-leading FanDuel Sportsbook online and mobile platform is available. FanDuel is bringing its…
Golar LNG Partners L.P. appoints Karl Fredrik Staubo as new Chief Executive Officer
OSLO: Golar LNG Partners L.P has appointed Karl Fredrik Staubo as its Interim Chief Executive Officer. This follows the announcement on October 1, 2019 that its current CEO, Graham Robjohns, was to step down on April 30, 2020. Mr. Staubo will formally take up the role with immediate effect with Mr. Robjohns having left Golar…
Hollister Biosciences closes acquisition of AlphaMind Brands Inc.
VANCOUVER: Hollister Biosciences Inc. – a diversified cannabis branding company with products in over 220 dispensaries throughout California, has now closed its acquisition of AlphaMind Brands Inc., a growth stage company, that is developing a portfolio of certified legal mushroom based natural health products. “We are very pleased to close our acquisition of AlphaMind”, shared…
Fandom Sports Media appoints John Armstrong as Esports Betting Advisor
VANCOUVER: Fandom Sports Media Corp. announced the appointment of John Armstrong to the role of esports betting advisor. Mr Armstrong is recognized as a thought leader in the esports space having enjoyed a storied career and built a significant following of over 50,000 members in his Esports Business group and Global Esports and Gaming Network….
Global Care Capital appoints James Foster to Advisory Board
VANCOUVER: Global Care Capital Corp. has announced the appointment of James Foster, a founder of ViraxClear’s joint venture partner Shanghai Biotechnology Devices Inc., to the advisory board. Foster has been a China focused investment, sales and distribution expert in the medical device and pharmaceutical sector over the past 10 years. He founded Natural Source Group…
Global smartphone shipments decline 17 percent in Q1 2020
BOSTON: According to the latest research from Strategy Analytics, global smartphone shipments fell 17 percent annually to reach 275 million units in the first quarter of 2020. This is the smartphone industry’s worst quarterly performance of all time. Samsung maintained first position with 21 percent global smartphone market share, Huawei held steady at 18 percent,…