ATLANTA: White Cap, a prominent supplier of construction materials, has acquired Oklahoma-based Crimson Steel Supply, LLC, enhancing its rebar and structural steel offerings. Crimson Steel, known for its engineered steel products, joins White Cap’s brand portfolio, promising to leverage its expertise to bolster service quality. The acquisition, advised by D.A. Davidson & Co., marks a…
Windtree Therapeutics acquires Varian Biopharmaceuticals’ assets
Windtree Therapeutics, Inc. (NasdaqCM: WINT) has announced the acquisition of a novel oncology asset platform from Varian Biopharmaceuticals, Inc., including an atypical protein kinase C iota inhibitor (aPKCi), and the completion of a $1.5 million convertible note bridge financing. The transaction, which took place on April 2, 2024, involved the issuance of 5,500 shares of…
Angi Inc appoints Jeff Kip as new CEO
DENVER:Home services giant Angi Inc. (NASDAQ: ANGI) announced today the promotion of Jeff Kip to the position of Chief Executive Officer. Jeff Kip, who has been with Angi and its parent company IAC in various executive roles, steps into the CEO role effective immediately, taking over from Joey Levin. Levin will maintain his involvement with…
Stratasys appoints Amir Kleiner as new Chief Operating Officer
Stratasys Ltd. (NASDAQ: SSYS), a frontrunner in 3D printing and additive manufacturing solutions, has announced the elevation of Amir Kleiner to the role of Chief Operating Officer. Amir Kleiner, a seasoned member of the Stratasys family with 12 years of dedicated service, is set to oversee the company’s Global Operations, MIS, and Quality teams. His…
QuoteMedia reports 8% revenue growth in 2023
PHOENIX: QuoteMedia, Inc. (OTCQB: QMCI), a prominent provider of financial data and applications, has released its financial outcomes for the fiscal year concluding on December 31, 2023. The company, known for supplying cost-effective and superior stock market data, has reported an 8% increase in annual revenue, reaching $18.9 million, up from $17.5 million the previous…
Core & Main to acquire HDPE products company GSC
Core & Main Inc. (NYSE: CNM) has entered into a definitive agreement to acquire substantially all of the assets of Geothermal Supply Company Inc. (GSC). GSC is a leading distributor and fabricator of high-density polyethylene (HDPE) pipe and other related products, primarily serving the geothermal, water and sewer industries from a single location in Kentucky. “Adding…
IQVIA and Salesforce expand partnership to develop Life Sciences Cloud
IQVIA (NYSE:IQV) and Salesforce (NYSE:CRM) have announced an expanded strategic partnership to fast-track the development of Salesforce’s Life Sciences Cloud, a next-generation customer engagement platform for the life sciences industry. The collaboration builds on IQVIA’s Orchestrated Customer Engagement (OCE) platform, aiming to integrate it with Salesforce’s cloud services to create a unified engagement solution. The…
Buyers Edge Platform raises $425 million in investment round led by General Atlantic Credit
NEW YORK: Buyers Edge Platform, a pioneer in digital procurement for the foodservice sector, has announced a substantial $425 million preferred equity investment. The investment round is spearheaded by General Atlantic Credit’s Atlantic Park fund, with notable contributions from Blackstone Tactical Opportunities and Morgan Stanley Tactical Value funds. The infusion of capital is set to…
Tradeweb Markets to acquire Institutional Cash Distributors (ICD) for $785 million
NEW YORK: Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, has entered into a definitive agreement to acquire Institutional Cash Distributors, LLC (ICD), an institutional investment technology provider for corporate treasury organizations trading short-term investments, for $785 million. The purchase price is expected to…
Global Markets and the NYC Stock Exchange: A Comprehensive Look at International Trading
The New York Stock Exchange (NYSE), a symbol of financial prowess and economic might, has been at the forefront of international trading since its inception. Its story began over two centuries ago, in 1792, with a group of stockbrokers and merchants gathering beneath a buttonwood tree on Wall Street. This modest assembly marked the birth…
EQT acquires majority stake in leading private university network, Universidad Europea
STOCKHOLM: EQT Infrastructure VI fund has announced the acquisition of a majority stake in the prestigious Universidad Europea from Permira, marking a significant shift in the landscape of private higher education in Europe. Permira will maintain a substantial minority interest in the university, signifying ongoing confidence in the institution’s growth trajectory. Universidad Europea, established in…
Voyager Life halts merger talks with Northern Leaf amid fundraising challenges
LONDON: Voyager Life Plc, a prominent health and wellness group known for its high-quality Cannabidiol (CBD) products, has announced the cessation of merger discussions with Northern Leaf plc. The proposed merger, which had been publicized on March 13, 2024, was anticipated to create a pioneering vertically integrated cannabis entity in the British Isles. The crux…