ATLANTA: Hunt Companies Inc., an El Paso-based holding company with interests spanning real estate, infrastructure and financial services, has acquired a majority stake in Carter, a leading real estate investment and development firm headquartered in Atlanta. The acquisition strengthens Carter’s position in mixed-use and residential development and expands its platform to pursue large-scale opportunities across…
US Stocks end mixed as investors weigh strong data against tariff risks
Dow Jones sheds 125 points as trade worries temper investor optimism U.S. stocks closed mixed Friday as fresh economic data reassured investors about growth, even as tariff tensions resurfaced. The tech-heavy Nasdaq Composite (IXIC) inched higher to a new closing record, while the S&P 500 (GSPC) and Dow Jones Industrial Average (DJI) gave back modest…
Bonduelle completes sale of French packaged salad business to LSDH Group
PARIS: The Bonduelle Group finalized the sale of its packaged salad business in France to the LSDH Group on July 17, the company said Friday. The deal, first announced on Aug. 29, 2024, marks Bonduelle’s strategic exit from a segment that has faced a decade-long decline in domestic consumption. The business represented approximately 3.5% of…
EQT to acquire majority stake in European pharma company Adalvo from Aztiq
LONDON: Aztiq has agreed to sell its majority stake in Adalvo to global investment firm EQT, expanding EQT’s portfolio in the pharmaceutical sector across Europe, Asia Pacific and the Americas. Founded by Aztiq in 2018, Adalvo has grown into a leading business-to-business pharmaceutical company, employing more than 280 staff and maintaining over 170 commercial partnerships…
Autosports Group to acquire Gulson Canberra including Porsche dealership
SYDNEY: Autosports Group Ltd. (ASX: ASG) announced Friday it will acquire Gulson Canberra, including Porsche Centre Canberra, in a deal valued at approximately A$13 million. The acquisition marks Autosports Group’s first entry into the Australian Capital Territory market and is scheduled for completion in September 2025. Assets will be held by Autosports Group’s wholly owned…
Reckitt to divest essential home unit to Advent International for up to $4.8 billion
LONDON: Reckitt Benckiser Group plc announced Friday it will divest its Essential Home business to Advent International in a deal valued at up to $4.8 billion, marking a key milestone in Reckitt’s strategic shift toward a leaner, consumer health-focused portfolio. As part of the transaction, Reckitt will retain a 30% equity stake in Essential Home,…
Metals One acquires stake in U.S. uranium project; Expands portfolio
LONDON: Metals One Plc (AIM: MET1), a UK-based minerals exploration company, has acquired a 10% stake in NovaCore Exploration Inc., a private U.S. firm developing the Red Basin Uranium Project in New Mexico. The transaction supports Metals One’s U.S. uranium strategy, expanding its exploration footprint to three early-stage assets. NovaCore controls approximately 15,000 acres in…
Electric Guitar signs heads of terms for reverse takeover of U.S. energy startup Dunbar
LONDON: Electric Guitar PLC (LSE: ELEG) said Friday it has signed non-binding heads of terms to acquire Dunbar Energy Inc., a newly established U.S.-based energy company, through a reverse takeover transaction. Dunbar, incorporated in Nevada, is focused on powering digital infrastructure, including artificial intelligence and cryptocurrency operations. It aims to convert coal mine methane and…
Senior plc sells aerostructures unit to Sullivan Street Partners for up to £200 million
LONDON: Senior plc, an international manufacturer of high-technology components and systems, announced Friday it has reached a binding agreement to sell its Aerostructures business to UK-based private equity firm Sullivan Street Partners. The transaction carries a total potential enterprise value of up to £200 million ($259 million USD). The deal positions Senior to become a…
Powder Monkey Group acquires Akasha and Wayward in major expansion push
SYDNEY: UK-headquartered Powder Monkey Group has acquired the brands of Wayward Brewing Company and Akasha Brewing Company, two of Sydney’s leading independent breweries, in a move that signals a major expansion into Australia’s craft beer market. The deal adds $AUD5.5 million to Powder Monkey’s group turnover and strengthens the collective’s footprint alongside existing holdings including…
United Security Bancshares Q2 profit slides on higher loan loss provisions
FRESNO: United Security Bancshares (Nasdaq: UBFO) reported a 49.5% year-over-year decline in second-quarter net income, citing elevated student loan charge-offs and increased deposit costs. Net income fell to $2.2 million, or $0.13 per diluted share, from $4.3 million, or $0.25 per share, in the same quarter last year. The bank recorded a $1.9 million provision…
Defense startup Hadrian secures $260 million to expand U.S. manufacturing capacity
LOS ANGELES: U.S. defense manufacturing startup Hadrian announced on Thursday the close of a $260 million Series C funding round, led by Founders Fund and Lux Capital, to significantly expand its production facilities aimed at bolstering American naval defense capabilities. The Hawthorne, California-based company, which uses automation, robotics, and artificial intelligence to produce precision machine…