SYDNEY: The Star Entertainment Group (ASX: SGR) confirmed on Monday that it has received an unsolicited, non-binding funding proposal from Bally’s Corporation. The proposal outlines a potential capital raise of at least A$250 million (approximately $165 million USD) to support The Star’s financial needs. Under the terms of the proposal, The Star would issue convertible…
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TransDigm completes $1.385 billion acquisition of Electron Device Business
CLEVELAND: TransDigm Group Incorporated (NYSE: TDG) has completed its acquisition of the Electron Device Business of Communications & Power Industries (CPI), a portfolio company of TJC, L.P., for approximately $1.385 billion in cash. TransDigm financed the acquisition through cash on hand as well as cash proceeds from the notes offerings completed in November 2023. The…
Galderma Group plans to launch $2.3 billion IPO on the Swiss stock exchange
Galderma Group AG, the global leader in dermatology, announced on Wednesday that it intends to launch an Initial Public Offering (IPO) on the SIX Swiss Exchange, as part of its ambitious growth strategy. The company, which was founded in 1981 as a joint venture between L’Oréal and Nestlé, aims to raise about 2.3 billion USD…
Pension SuperFund Capital offers to acquire STM Group for upto £39.8 million
LONDON, UK: Pension SuperFund Capital’s Jambo SRC Limited has reached an agreement on the terms of a recommended offer to acquire the entire issued and to be issued ordinary share capital of STM Group Plc at the rate of 60 pence per share in cash. Jambo SRC Limited is an English private company limited by…
Elders Limited has acquired Eureka! Group
SYDNEY, AUSTRALIA: Elders Limited (ASX:ELD) (Elders) has acquired the assets of the Eureka! group, a leading research, development, registration and formulation business for agricultural chemicals and other agricultural products. Eureka! operates with over 35 employees based at two sites west of Melbourne, one devoted to herbicide , and the other to non-herbicide products. The acquisition…
1ST Group appoints Michael Kafruni as its new Chief Operating Officer
SYDNEY, AUSTRALIA: 1ST Group Limited has appointed Michael Kafruni as its new Chief Operating Officer, effective today. Michael is a qualified lawyer and has over 15 years’ experience as a senior executive in multinational organisations in health, pharmaceutical, legal and accounting sectors including Althea Group Holdings Limited, CPA Australia Ltd and DLA Piper LLC. Michael…
Pension SuperFund Capital eyes 70 pence/share takeover of STM Group
LONDON, UK: Pension SuperFund Capital, a pension risk transfer specialist, has reached an agreement in principle with STM Group, a cross border financial services provider, on the key terms of a possible cash offer for the entire issued and to be issued share capital of the company. The possible offer values STM Group at 70…
Merit Group announces disposal of Le Trombinoscope
LONDON, UK: Merit Group Plc (AIM:MRIT), the data and intelligence business, announced that it has today completed the disposal of the trade and assets of Le Trombinoscope, a French language directory service publication focused on the French political landscape. The business was the only media title excluded from the Group’s recent disposal of its Media,…
Kerry Group to sell its Sweet Ingredients Portfolio IRCA for €500 million
LONDON, UK: Kerry Group has entered into exclusive negotiations to sell the trade and assets of its Sweet Ingredients Portfolio to IRCA, an international leader in chocolate, creams, and other high-quality semi-finished food ingredients, for a consideration of €500 million. The sale is subject to relevant regulatory approvals and routine closing adjustments. Employee consultation and…
Gaming Innovation Group signs new deal with Starcasino in Spain
OSLO, NORWAY: Gaming Innovation Group Inc. (GiG) continues to strengthen its presence in the Spanish iGaming market following the signing of an agreement with Starcasino Group for its leading platform and sportsbook. This new alliance, the 14th now in operation for GiG technology in Spain, will allow Starcasino to enter the large and highly competitive…
Daniel Moore appointed CEO of Resources & Energy Group
SYDNEY, AUSTRALIA: Resources & Energy Group Limited (ASX: REZ) announced the appointment of Mr. Daniel Moore as the Company’s Chief Executive Officer (CEO) from 17 October 2022. Daniel Moore was previously a Non-Executive Director of REZ. Resources & Energy Group, Chairman, Gavin Rezos commented: “Dan is a seasoned executive with over 20 years’ experience in…
Alimak Group to acquire Tractel for EUR 500mn
STOCKHOLM, SWEDEN: Alimak Group AB has entered into an agreement to acquire Tractel, a world leading height safety specialist, providing reliable, innovative and cost-effective working-at-height solutions and services. The acquisition is transformational, accelerating Alimak Group’s profitable growth strategy, creating a highly profitable global provider of safe and sustainable premium height solutions with an annual revenue…