To secure regulatory approval for its planned $25-billion acquisition of Albertsons, Kroger announced on Friday that it would sell more than 400 of its grocery stores to C&S Wholesale Grocers. The deal would bring Kroger about $1.9 billion in cash….
LONDON, UK: Concord Cadence Limited has agreed to takeover Round Hill Music Royalty Fund (RHM) at the rate of $1.15/share translating into $468.8 million. Round Hill Music shareholders will receive the dividend of $0.01125 per RHM Share in respect of…
Boeing’s Chief Financial Officer, Brian West, has disclosed that a manufacturing defect discovered last month in the Boeing 737 MAX is expected to have a significant impact on the company’s operations. This defect is likely to reduce the delivery rate…
Aldi, the discount supermarket chain, revealed its bold strategy to introduce 500 additional stores across the United Kingdom on Thursday. This announcement coincided with the grand opening of the company’s 1,000th store in the town of Woking, Surrey. The decision…
PALO ALTO: Inceptive, a pioneering startup dedicated to harnessing the power of artificial intelligence for the development of innovative drugs and vaccines, has successfully secured a substantial $100 million in funding. Co-founded by former Google AI researcher Jakob Uszkoreit, a…
LONDON, UK: British American Tobacco (BAT) has sealed an agreement to divest its operations in Russia and Belarus, the company confirmed on Thursday. This move comes more than 18 months after the large-scale invasion of Ukraine prompted numerous Western firms…
The world’s largest and second-largest paper and packaging companies, Smurfit Kappa and WestRock, have confirmed they are in discussions over a merger worth $20bn. The deal would create a new holding company, Smurfit WestRock, listed on the New York Stock…
Morgan Stanley is set to launch a generative artificial intelligence chatbot this month, in partnership with OpenAI, the makers of ChatGPT. The chatbot will listen to the conversations between the bank’s financial advisers and their wealthy clients, and provide various…
LONDON, UK: Pantheon Infrastructure PLC has committed to invest approximately £35 million in battery storage and electric vehicle fleet specialist Zenobe, through a co-investment vehicle managed by Infracapital, a leading European infrastructure investor that has raised and managed over £7bn…
Align Technology, Inc. (Nasdaq: ALGN) has announced a definitive agreement to acquire Cubicure GmbH, a pioneer in direct 3D printing solutions for polymer additive manufacturing. Cubicure is known for its innovative materials, equipment, and processes in the field. The company’s…
MELBOURNE, AUSTRALIA: Alchemy, a global leader in the circular technology market, has announced that it has acquired numobile, an Australian fintech company that offers mobile device subscription and financing services. The deal will enable Alchemy to expand its range of…
deskbird, a Swiss company that provides a Software-as-a-service (SaaS) platform for workplace management, has secured $13 million in a Series A funding round. The round was led by ALSTIN Capital and AVP (AXA Venture Partners), two venture capital firms that…