LONDON: Vodafone today announced that Marika Auramo has been appointed CEO of Vodafone Business, with effect from 1 July 2024. She will also become a member of Vodafone’s Executive Committee from the same date. Marika is a highly respected business leader and has more than 25 years’ experience in the global IT industry. She joins…
Hostmore plc proposes to acquire TGI Fridays Inc. for £177 million
LONDON, UK: Hostmore plc has reached agreement on a non-binding basis for a proposed all-share acquisition of TGI Fridays Inc. TGI Fridays is the global hospitality business that owns the American-themed casual dining brand “TGI Fridays” which is the Company’s franchisor. TGI Fridays primarily operates through franchising and licensing agreements in the US and in…
Regent Acquisitions to takeover TClarke plc in a £90.56 million deal
LONDON, UK: Regent Acquisitions Limited has negotiated the acquisition of TClarke plc, with both companies’ boards of directors expressing their satisfaction over the agreed terms. The transaction will see Regent Acquisitions making a recommended cash offer for the entire issued and to be issued share capital of TClarke that is not already under the ownership…
Noble Helium appoints Dermot O’Keeffe as new chief operating officer
SYDNEY, AUSTRALIA: Noble Helium Limited (ASX:NHE) has appointed experienced petroleum engineer Mr Dermot O’Keeffe as Chief Operating Officer (COO) effective immediately. Mr O’Keeffe brings with him 40 years’ experience in the oil and gas industry, having worked internationally for major operators, including Texaco, BP, Sun Oil, Shell, Woodside, Premier Oil, and Ophir Energy. In 1999,…
Macmahon Holdings signs deed to takeover acquire Decmil Group
SYDNEY, AUSTRALIA: Macmahon Holdings Limited (ASX: MAH) has signed a scheme implementation deed to acquire all ordinary shares of Decmil Group Limited (ASX: DCG) for $0.30 per share. This offer represents a substantial premium of 76.5% over Decmil’s most recent closing price and an 81.8% increase over the 30-day volume-weighted average price (VWAP). The acquisition…
Tesla to cut workforce by 10%, Drew Baglino and Rohan Patel depart
In a significant shake-up at Tesla Inc., senior executives Drew Baglino and Rohan Patel have announced their departure from the leading electric vehicle and clean energy firm. The announcement was made public on Monday, with CEO Elon Musk expressing his gratitude towards the two departing executives on X, the social network platform he owns. The…
JF Petroleum Group has acquired GE Goodson Service Company
The JF Petroleum Group (JF) has acquired GE Goodson Service Company. Goodson is an established general contractor serving the petroleum equipment industry, headquartered in Midland, Texas, that also provides maintenance & repair and compliance testing services. Terms of the transaction were not disclosed. The GE Goodson Company has a long-standing history of providing exceptionally high-quality…
Red Dot Corporation appoints John Beering as new CEO
Red Dot Corporation, a global leader in mobile HVAC systems, has announced John Beering as its new Chief Executive Officer. With over three decades of diverse industry experience, Beering is set to replace John Kaestle, who successfully navigated the company through the COVID-19 crisis and expanded its manufacturing base. Kaestle will maintain his influence within…
Global Economic Shifts: Recession, Restructuring, and Rising Corporate Takeovers
The first quarter of 2024 has been marked by significant developments in the global economic landscape, influenced by financial restructuring, challenges stemming from a looming recession, geopolitical circumstances, and a notable increase in bankruptcy filings and corporate takeovers, particularly in the UK, USA, and Australia. Financial Restructuring and Bankruptcy Trends: The year began under the…
Vietnam’s FPT sets global tech agenda with ambitious 2024-2026 vision
FPT Corporation (FPT) has boldly outlined its strategic vision for the 2024-2026 period, setting a course that will not only shape its future but also potentially redefine global tech agenda. At the heart of this ambitious roadmap, unveiled at the 2024 Annual General Meeting, are five pivotal areas: Artificial Intelligence (AI), Automotive, Semiconductor, Digital Transformation,…
Prysmian Group to acquire Encore Wire in a €3.9 billion deal
Prysmian Group (BIT: PRY) has announced a definitive agreement to acquire Encore Wire Corporation (NASDAQ: WIRE), a leading North American manufacturer of electrical wire and cable, for $290.00 per share in cash. This transaction marks a strategic expansion for Prysmian Group, with the purchase price representing a 20% premium over the 30-day volume-weighted average share…
Berkshire Hathaway Specialty Insurance appoints Louis du Ché as country manager France
PARIS: Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Louis du Ché as the new Country Manager for France. Du Ché, who has been serving as the Country Manager for Belgium, will now extend his leadership to include France, a key market for BHSI’s continued growth. Alessandro Cerase, Head of Europe at BHSI,…