LONDON, UK: Actual Experience plc (AIM: ACT), an analytics-as-a-service company, has announced that it is running out of cash and is looking for further funding to continue its operations. The company has been unable to secure significant new revenue contracts or reduce its costs, and has been exploring an equity fundraise with existing and potential…
Irish State sells 5% stake in AIB Group for €514.83 million
LONDON, UK: The Irish State has sold part of its shareholding in AIB Group plc, the country’s largest bank, for €514.83 million. The sale was done through a placing of shares to institutional investors, which was completed on Monday. The sale reduced the State’s stake in AIB from 45.8% to 40.8%, a decrease of 5%….
Foxtons Group has acquired Ludlow Thompson Holdings for a consideration of £10 million
LONDON, UK: Foxtons Group plc announced the acquisition of Ludlow Thompson Holdings Limited and subsidiary companies for a consideration of £10m, on a cash and debt free basis. The acquisition will be funded through the Group’s existing cash resources and existing £20m revolving credit facility, a bourse filing noted. Ludlow Thompson is a high-quality, lettings…
Crescent Point Energy has acquired Hammerhead Energy Inc. for CAD 2.55 billion
LONDON, UK: Riverstone Energy Limited (REL) announced that Hammerhead Energy Inc. has announced the sale of Hammerhead to Crescent Point Energy Corp., a Calgary based energy company, for an enterprise value of C$2.55 billion, or C$21.00 per share, a notice said. Each Hammerhead Energy share will be exchanged for (i) C$15.50 (approximately US$11.26) per share…
Kinder Morgan to buy NextEra Energy Partners’ Texas gas pipelines for $1.82 billion
TEXAS: Kinder Morgan, a U.S. pipeline operator, announced on Monday that it has agreed to acquire NextEra Energy Partners’ natural gas pipelines in South Texas for $1.82 billion in cash. The deal is expected to close in the first quarter of 2024. The acquisition will add seven pipelines with a total transport capacity of 4.9…
Danaher Corporation to acquire Abcam Plc for $24 per share in cash
CAMBRIDGE: Abcam plc (Nasdaq: ABCM), a global leader in the supply of life science research tools, has announced that its shareholders have approved the proposal for Danaher Corporation (NYSE: DHR) to acquire all of the outstanding shares of Abcam for $24.00 per share in cash. The deal is valued at approximately $5.8 billion. The transaction…
Arizona Nutritional Supplements re-acquired by founders
The founders of Arizona Nutritional Supplements, a leading manufacturer of specialty vitamins, minerals, and supplements, have re-acquired the business, marking a new era of innovation and growth. Aaron Blunck and Jonathan Pinkus, who started the company in 1996, have bought back the company from its previous owners. The company is a trusted partner in the…
Joe Hete returns as CEO of Air Transport Services Group
OHIO: Joe Hete, the former longtime Chief Executive Officer of Air Transport Services Group, Inc. (NASDAQ: ATSG), has been reappointed as the CEO of the company, effective immediately. Hete replaces Rich Corrado, who is leaving his role as CEO. Hete will also continue as the Chairman of the Board of Directors. Hete is a veteran…
Joel Fournier joins GreenFirst Forest Products as new CEO
TORONTO: GreenFirst Forest Products Inc. (TSX: GFP) has announced the appointment of Joel Fournier as its new Chief Executive Officer, effective immediately. Fournier replaces Paul Rivett, who remains as Executive Chair of the Board of Directors. Fournier has over 20 years of experience in lumber mill operations in Canada, with expertise in manufacturing, quality control,…
MediaTek unveils Dimensity 9300: A game-changing flagship mobile chip with all big core design
MediaTek has introduced the Dimensity 9300, its latest flagship mobile chip that boasts a one-of-a-kind All Big Core design. This innovative configuration promises to revolutionize mobile technology, offering a unique blend of extreme performance and industry-leading power efficiency. The result is an unparalleled user experience in gaming, video capture, and on-device generative AI processing. Revolutionary…
MiQ acquires Grasp to enhance media buying experience with AI
NEW YORK: MiQ, a global programmatic managed services partner, has announced the acquisition of Grasp, a French company that provides media governance and data quality solutions. Grasp’s SaaS suite prevents non-compliances and errors in media buying processes, saving advertisers millions in potential losses. Grasp has over 8,000 users worldwide, including leading brands and agencies. The…
Ant Group granted Chinese government approval to launch “Bailing” AI products to the public
Ant Group, the financial affiliate of e-commerce giant Alibaba Group, has officially received approval from the Chinese government to release products powered by its groundbreaking “Bailing” artificial intelligence (AI) large language model to the public. A spokesperson for the Chinese firm made this announcement on Monday, marking a significant milestone in the company’s endeavors to…