LONDON, UK: Sovereign and Network Homes merged to form SNG (Sovereign Network Group). The proposed merger was announced on Monday 13 March 2023 and the final business case was approved by Sovereign and Network Homes’ respective boards on Thursday 7…
LONDON, UK: Macfarlane announced the acquisition of B&D 2010 Group Limited, a specialist protective packaging business based in the South of England. This earnings enhancing acquisition is in line with Macfarlane’s stated strategy of building its protective packaging business through…
LONDON, UK: Yooma Europe Limited has completed the sale of Birmingham-based Vitality CBD Limited, a UK-focused CBD company, for a total consideration of US$2.0 million to Psilobrain Therapeutics Inc. Psilobrain is a private Canadian biotech company that uses the latest…
SYDNEY, AUSTRALIA: IPH Limited (IPH) has completed the acquisition of Canadian IP services firm, Ridout & Maybee, as announced on 17 August 2023. The approximately CAD 65m (AUD 74.7m) purchase price for the acquisition was funded by: As part of…
SYDNEY, AUSTRALIA: Catalyst Metals Limited has appointed David Jones AM as Non-Executive Chairman. Mr Jones’ appointment comes after long serving Non-Executive Chairman, Steve Boston, stepped down in August this year. David has a background in working with high growth companies,…
SYDNEY, AUSTRALIA: Engineering company Monadelphous Group Limited (ASX:MND) has entered into an agreement to acquire Melchor Contracting, a Perth-based structural concrete and associated works business. Melchor Contracting offers a full structural concrete package capability, including detailed earthworks, formwork, reinforcement fixing…
DUNEDIN, NZ: Cancer diagnostics company Pacific Edge (NZX, ASX: PEB) notes the U.S. Food and Drug Administration (FDA) has released for public comment proposed rule changes that seek to have Laboratory Developed Tests (LDTs) such as Cxbladder regulated as medical…
BP (BP.L) announced on Friday that Dave Lawler, its top executive in the United States and head of its shale business, is leaving the company to pursue new career opportunities. Lawler’s departure comes less than three weeks after BP’s chief…
Wells Fargo announced on Friday that it had divested about $2 billion worth of its investments in private equity funds managed by Norwest Equity Partners and Norwest Mezzanine Partners. The bank said that the move was part of its strategic…
Xerox Corp. announced that it has agreed to buy back all the shares of its common stock owned by Carl Icahn, the company’s largest shareholder, and his affiliates for $15.84 per share, or about $542 million in total. The deal…
MELBOURNE, AUSTRALIA: Tesserent Limited (ASX: TNT) announced the strategic purchase of Beyond Binary Pty Ltd, a company that offers security related services, such as penetration testing, red team engagements, adversary/attack simulation and related security consulting services (Beyond Binary). The acquisition…
SYDNEY, AUSTRALIA: Rewardle Holdings Limited (ASX:RXH) entered into a binding Term Sheet with Cache Investments Ltd to acquire the distribution rights for the Upstreet Fund. The Fund was established for Upstreet, an Australian fintech founded in 2019 out of the…