ATLANTA: Coca-Cola Bottlers’ Sales & Services Company (CCBSS) announced the election of Caitlyn Carr as its new President and CEO, effective June 3, 2024. The decision was made by the Board of Directors, representing nearly 70 independent North American Coca-Cola bottlers. Carr, a seasoned executive with over two decades of experience within the Coca-Cola System,…
Tinicum L.P. buys controlling stake in Tulsa-based KGM
TULSA: Tinicum L.P., along with funds managed by Tinicum Incorporated, has taken a controlling interest in KGM, a Tulsa-based distributor of natural gas products. The acquisition, which sees management shareholders retaining substantial stakes, was facilitated without disclosing the financial specifics. KGM, known for its comprehensive range of gas meters, instruments, regulators, and valves, serves a…
Golden Triangle Ventures sings intent to acquire Cargo Management Group
LAS VEGAS: Golden Triangle Ventures Inc. (OTC PINK: GTVH), a dynamic player in the business landscape, has recently executed a significant Letter of Intent (LOI) with TK Zarro, LLC, GTV’s primary note holder. The purpose of this LOI is to pave the way for the acquisition of Cargo Management Group, a comprehensive shipping, logistics, and…
Pacific Software acquires scientifically tested dietary supplement focused on memory health
Pacific Software Inc. announced the acquisition of a science-based dietary supplement supporting brain health and memory function. The supplement, which has been sold profitably for more than 8 years under the brand names SuppleMEM AD™ and A.L.Z. Defense™, features a formula tested extensively by leading Alzheimer’s researchers. “Acquiring this established product line not only adds…
Hertz Energy acquires mineral claim in Nunavut, Canada
VANCOUVER: Hertz Energy Inc. (CSE: HZ) has entered into a Definitive Agreement with Mike Magrum, P.Eng., pursuant to which the company will acquire a 100% interest in Mineral Claim 102722 located in Nunavut, Canada. The claim is at the core of the Cominco Uranium Property, covering nine blocks totaling 146.33 acres and has been held…
The9 Limited secures $3.5 million investment from Fine Vision Fund
The9 Limited (Nasdaq: NCTY), a prominent Internet company, has announced a substantial investment from Fine Vision Fund, a venture of the globally recognized Finewill Capital. This strategic partnership underscores Fine Vision Fund’s commitment to fostering growth and innovation in global gaming projects. Under the terms of the private placement agreement, Fine Vision Fund will channel…
HoneyNaps secures a $11.6 million Series B investment
BOSTON: HoneyNaps, an industry-leading South Korean company in artificial intelligence (AI) sleep data analysis, has closed its series B round of funding, securing $11.6 million. The series B funding is a successful achievement, nearly three times the $3.9 million raised through series A funding back in 2021. With the listing contract signed with Korea Investment…
PensionBee Group sets sights on US expansion
LONDON: In a bold move to capture a significant share of the world’s largest Defined Contribution pension market, PensionBee Group plc, a prominent online pension provider, has announced its strategic expansion into the United States. The US market, which represents a staggering 80% of the global total with assets amounting to $22.5 trillion, presents a…
abrdn launches CEO succession plan
LONDON: abrdn plc is beginning the process of moving to fresh leadership, having completed the critical first stage of its transformation into a modern and digitally-focused specialist asset and wealth management company. Following the significant strategic repositioning of the company, the Board and Group CEO, Stephen Bird, have together agreed that it is the right…
CBS signs deal to acquires The Co-operative Bank Holdings for £780 million
LONDON, UK: Coventry Building Society (CBS) has reached an agreement to acquire The Co-operative Bank Holdings p.l.c., the parent company of The Co-operative Bank p.l.c. (Bank Holdings). This acquisition, valued at £780 million, will see CBS take control of the entire issued share capital of Bank Holdings. The deal, which is expected to be finalized…
Energy price cap for July to September confirmed
LONDON: Energy regulator Ofgem has today (Friday 24 May, 2024) confirmed the energy price cap for the third quarter of 2024. The price cap, which sets a maximum rate per unit that can be charged to customers for their energy use, will fall by 7% from 1 July to 30 September 2024, compared to the…
Flex Labs has acquired IO+ PTE Ltd
LONDON: Flex Labs (AQSE: FLEX) has acquired the remaining 95% of the issued share capital of IO+ PTE Ltd for a total consideration comprising 110,000,000 new common shares of none-par value each in the company. The consideration is equivalent to £2.75 million at the 2.5 pence per Common Share closing mid-market price on 22 May…