LONDON: Anemoi International Ltd has entered into a non-binding term sheet for the proposed acquisition of 100% of the issued share capital of Trasna Solutions Technologies Limited by way of a reverse takeover (RTO). Acquisition of Trasna for total consideration of up to £150 million, payable entirely via the issue of new ordinary shares in…
UIL Limited proposes to sell entire shareholding in Somers Limited
LONDON: The Board of UIL Limited has proposed to enter into agreements to sell all of its shares in Somers Limited (Somers). UIL, an exempted closed-end Bermuda incorporated investment company, is planning to enter into an agreement with General Provincial Life Pension Fund Limited (GPLPF) to sell Somers shares held by UIL to GPLPF in…
Veeam Software to acquire Securiti AI for $1.725 billion
LONDON: Schroders Capital Global Innovation Trust plc announced that its portfolio company, Securiti AI, has signed a definitive agreement to be acquired by Veeam Software for a total consideration of US $1.725 billion, as announced on 21 October 2025. Schroders Capital has been invested indirectly in Securiti since 2019 and, in November 2023, the Company…
Hyloris Pharmaceuticals SA partners with China’s Grand Life Sciences
LIEGE: Belgian biopharmaceutical company Hyloris Pharmaceuticals SA said on Monday it has signed an exclusive license and distribution agreement with China’s Grand Life Sciences Group Co., Ltd. for HY-094, its investigational injectable iron therapy. The partnership grants Grand Life Sciences the rights to develop and commercialize HY-094 in China, a market for intravenous (IV) iron…
Orascom’s Weitz breaks ground on Four Seasons resort in Colorado’s Telluride
MOUNTAIN VILLAGE: The Weitz Company, a U.S. subsidiary of Orascom Construction PLC, has begun construction on the Four Seasons Resort and Residences Telluride, a landmark luxury development in Colorado’s renowned ski destination, the company announced on Monday. The project, located on the last remaining snow-front site in the Town of Mountain Village, will be the first…
Saudi Arabia’s Almasar to Float 30% Stake in Tadawul IPO Following CMA Approval
RIYADH: Almasar, the Amanat Education platform, announced plans to proceed with an initial public offering (IPO) of 30,720,400 ordinary shares—representing 30% of its total issued share capital—on the Saudi Exchange (Tadawul), following regulatory clearance. The Capital Market Authority (CMA) of Saudi Arabia granted approval on Sept. 29, 2025, for the listing, marking a key milestone…
Trek 2000 partners with Aboard AI to develop aviation safety system
SINGAPORE: Singapore’s Trek 2000 International Ltd said on Monday its subsidiary has entered a strategic partnership with U.S.-based Aboard AI Inc to co-develop an artificial intelligence-driven solution for aviation safety and fleet management. The system will leverage Trek’s patented high-speed wireless memory technology and Aboard AI’s algorithms to analyse real-time flight data, aiming to identify early…
Cash Converters launches $25 million equity raising to fund franchise store acquisition
SYDNEY: Australian pawnbroking and personal lender Cash Converters International Ltd said on Monday it is raising roughly A$25 million ($16.6 million) in an equity offering to help fund the proposed acquisition of a network of 29 franchise stores in the country. The company, listed on the Australian Securities Exchange (ASX: CCV), will conduct the raising…
Australian miner Lodestar Minerals to acquire Arizona rare earth project
SYDNEY: Australian explorer Lodestar Minerals Limited (ASX: LSR) has agreed to acquire the Virgin Mountain heavy rare earth project in Arizona, a site rich in heavy rare earth elements (HREEs) critical for defence, clean energy, and technology sectors, the company announced on Monday. The move comes as China, which dominates global rare earth production, further…
Novartis to buy Avidity Biosciences in $12 billion RNA therapeutics bet
ZURICH: Swiss drugmaker Novartis (NOVN.S) said on Sunday it has agreed to acquire U.S. biotech firm Avidity Biosciences (RNA.O) in a deal valued at approximately $12 billion, expanding its reach into the promising field of RNA therapeutics. Under the terms of the agreement, Novartis will pay $72 per share in cash for Avidity, representing a…
America’s Digital Dollar Gambit: How Stablecoins Became a Geopolitical Tool
A new report reveals the strategic use of private stablecoins to defend US economic hegemony, while experts warn of hidden risks mirroring the 2008 financial crisis. In the shadow of Bitcoin’s rise as “digital gold,” a quieter but more profound financial revolution is underway. Stablecoins—digital tokens pegged to traditional currencies like the US dollar—now account…
Grindr’s largest shareholders offer to take company private at $18 per share
WEST HOLLYWOOD: Dating and social networking app Grindr Inc. (NYSE: GRND), often called “the Global Gayborhood in Your Pocket™,” confirmed Friday it has received a non-binding, unsolicited proposal from its largest shareholders, Ray Zage and James Lu, to take the company private. The offer prices the company at $18.00 per share in cash, a premium…