LONDON: Sunrise Resources plc has finalized the sale of 29 diatomite mining claims in Nevada’s Crow Springs area to Dicalite Management Group for $150,000, a news release noted. The initial payment of $75,000 has been completed, with the remainder due upon Dicalite’s submission of a mine plan to the Bureau of Land Management. The claims,…
BHP completes the $4.1 billion divestment of Daunia and Blackwater
LONDON: BHP and Mitsubishi Development Pty Ltd (MDP) have completed the divestment of the Blackwater and Daunia mines to Whitehaven Coal. Daunia and Blackwater were part of the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland. Each of BHP and MDP hold a 50% interest in BMA. Whitehaven Coal has paid BMA US$2.0…
Agronomics’ Onego Bio raises €27 million in Series A financing led by NordicNinja VC
LONDON: Agronomics (LSE: ANIC) portfolio company Onego Bio Ltd has successfully raised €27 million in its Series A financing, led by NordicNinja VC, a Japanese-Nordic VC backing companies in climate and deep tech. In addition, Onego Bio secured a further €9.5 million in non-dilutive funding from Business Finland, a government organisation offering grant funding for…
National World has sold Press Computer Systems Limited to Naviga 1 UK
LONDON: National World (LSE: NWOR) announced that on 31 March 2024 it completed the sale of the entire business and assets of Press Computer Systems Limited, (PCS) an indirect wholly-owned subsidiary of the company, as a going concern, to Naviga 1 UK Limited, a wholly-owned subsidiary of Naviga Inc. The consideration for the disposal was…
Shoes For Crews seeks Chapter 11 protection to facilitate the sale
Shoes For Crews, LLC, a leader in slip-resistant footwear, has filed for Chapter 11 bankruptcy to conduct a sale transaction that promises business continuity and global market expansion. The filing, supported unanimously by its lenders and equity sponsor CCMP Capital Advisors, is part of a prearranged restructuring plan. The company aims to complete the sale…
MidOcean Energy secures Mitsubishi Corporation as strategic investor
MidOcean Energy, an LNG enterprise managed by EIG, has announced a strategic investment by Mitsubishi Corporation. This partnership aims to bolster MidOcean’s growth strategy, creating a diversified and integrated global LNG company. Mitsubishi Corporation brings over five decades of experience in the LNG sector to the table, with investments spanning 12 projects in eight countries….
Lincoln Electric acquires automation innovator, RedViking
To enhance its automation solutions, Lincoln Electric Holdings, Inc. (Nasdaq: LECO), a global leader in welding and cutting technologies, has announced the acquisition of RedViking, a renowned automation system integrator. This acquisition marks a significant expansion for Lincoln Electric, particularly in the aerospace and defense sectors. RedViking, based in Plymouth, Michigan, is at the forefront…
Kidpik and Nina Footwear announce merger to form Nina Holdings Corp.
Kidpik Corp. (NASDAQ: PIK), a leading online subscription-based children’s apparel company, has merged with Nina Footwear Corp., a renowned brand in women’s and children’s dress shoes and accessories. The merger, which is structured as an all-stock transaction, has been unanimously approved by the Boards of Directors of both companies. The newly formed entity will be…
Merz Therapeutics to acquire Acorda Therapeutics for $185m amid Chapter 11 filing
Acorda Therapeutics, Inc. (Nasdaq: ACOR) has entered into a definitive agreement for the sale of all of its assets, including INBRIJA, AMPYRA, and FAMPYRA, to Merz Therapeutics for a total consideration of $185 million. This strategic move comes as Acorda, a prominent name in the pharmaceutical industry, seeks to navigate through Chapter 11 bankruptcy proceedings….
Wollar Solar Holding agrees to acquire TPC Consolidated Limited for upto $150m
SYDNEY, AUSTRALIA: TPC Consolidated Limited (ASX:TPC), a prominent Australian telecommunications company, has announced a definitive agreement for acquisition by Wollar Solar Holding Pty Ltd (WSH), a subsidiary of Beijing Energy International (Australia) Holding Pty Ltd (BJEI Australia). The agreement, formalized through a Scheme Implementation Agreement (SIA), proposes that WSH will acquire all issued shares of…
GFH Partners announces $450 million in the US real estate sector
Dubai:: GFH Partners Ltd, a subsidiary of GFH Financial Group, today announced that it has concluded investments totaling US$450 million in the US real estate sector between the fourth quarter of 2023 and the first quarter of 2024. The investments are built on GFH Partners’ thematic investing into the fundamentally strong medical clinics and student…
Understanding the Investor Psyche Amidst Market Fluctuations
The investment landscape is inherently dynamic, with market fluctuations being an inevitable aspect of the financial world. A recent study conducted by ComparisonAdviser offers a profound look into the psyche of investors, particularly focusing on their reactions to significant market downturns. The study presents a hypothetical scenario where the stock market today plummets by 25%…