SYDNEY: Perseus Mining Limited has announced its intention to make an off-market takeover offer for all the shares in OreCorp Limited that it does not already own, for A$0.55 per share in cash. The offer values OreCorp at a 4% premium over the implied value of a rival offer by Silvercorp Metals Inc, which was…
Manchester United appoints Omar Berrada as new CEO
Manchester United, one of the world’s most popular and successful sports teams, has announced that Omar Berrada will be its new Chief Executive Officer. Berrada, who is currently the Chief Football Operations Officer for City Football Group, will join the club with a mission to restore its glory on the pitch. The club said that…
Tabuk Agricultural Development Company appoints new CEO; unveils 2024-2030 strategy
RIYADH: Tabuk Agricultural Development Company has announced the appointment of Eng. Yahya Ahmed Mubaraki as CEO of the company, effective 1st April 2024 AD. Engineer Yahya Ahmed Mubaraki is one of the distinguished young Saudi talents. He holds a Bachelor’s degree in agricultural sciences from the College of Agriculture, King Saud University. He has extensive…
Casper Sleep Inc. names Joe Megibow as new CEO
Casper Sleep Inc., the award-winning sleep company, announced today that Joe Megibow will be its new CEO, effective immediately. Megibow will replace Emilie Arel, who will assist in the transition until March 1, 2024. Megibow is a veteran of the retail and technology sectors, having led Purple, Bright Cellars, American Eagle, and Expedia.com to success….
ALKEME has acquired Mogul Wealth Strategies
ALKEME, a Top 40 Insurance Brokerage, announced the acquisition of Mogul Wealth Strategies, a multi-line independent insurance agency and wealth management firm located in Frisco, Texas, and serving the entire United States. Founded in 1996, Mogul Wealth Strategies has been serving businesses and high-net-worth individuals and families with life insurance, advisory services and employee benefits….
INFICON acquires FabTime to boost its Smart Manufacturing software
INFICON, a leading provider of semiconductor Smart Manufacturing software, has acquired all assets of FabTime Inc, a cycle time management software and consulting company, on January 18, 2024. The financial terms of the deal were not disclosed. FabTime, founded in 1999, helps semiconductor manufacturers improve their cycle time, capacity, productivity, and profitability. Its software and…
ITT Inc acquires Svanehøj Group, a leader in cryogenic pumps for marine sector
ITT Inc., a diversified manufacturer of critical components and technology solutions, announced today that it has completed its acquisition of Svanehøj Group A/S, a Danish company that specializes in pumps and services for low-emission and green fuels in the marine sector. The deal, which was announced on Nov. 1, 2023, is valued at €300 million…
VPS Hosting for E-commerce: Boosting Performance and Sales
In the fast-paced world of e-commerce, where every second counts, the choice of hosting can significantly impact the success of your online store. This brings us to the game-changer: Virtual Private Server (VPS) hosting. Tailored for the unique demands of e-commerce, VPS hosting emerges as a powerhouse solution, promising to revolutionize your website’s performance, enhance…
ECIT AS has acquired 24.98% stake in the Norwegian software firm Zirius AS
OSLO, NORWAY: ECIT AS has acquired 24.98% stake in the Norwegian software company Zirius AS. The investment strengthens ECIT`s position within accounting software in Norway and is a good fit to the digital development in ECIT. ECIT is acquiring 24.988 % of the shares in Zirius, with an opportunity to invest further in Zirius in…
John Bean Technologies proposes to acquire Marel in a euro 2.7 billion deal
AMSTERDAM: John Bean Technologies Corporation (JBT), a US-based food processing and air transportation technology company, has expressed its interest in acquiring Marel, an Icelandic company that provides equipment and software for the food industry. John Bean Technologies has offered 3.60 euros per share for all outstanding shares in Marel, valuing the company at 2.7 billion…
Edgewater Equity Partners has acquired Ascent Technologies
Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies, has been acquired by Edgewater Equity Partners, a Boston-based private equity firm. The deal aims to accelerate the development of Ascent’s compliance automation platform and enhance its value proposition to customers. Ascent’s platform uses AI to monitor the financial services regulatory…
Air Astana confirms to launch dual listing in London and Kazakhstan
LONDON, UK: Air Astana, Kazakhstan’s flag carrier, has confirmed its plans to go public in a dual listing on the London Stock Exchange (LSE) and the Astana International Exchange (AIX) in February 2024. The airline will also list its shares on the Kazakhstan Stock Exchange (KASE). The initial public offering (IPO) will include both new…