LONDON: Rosebank Industries PLC said Monday it has resumed discussions with Cerberus Capital Management LP about a potential acquisition of Electrical Components International Inc. for less than $1.9 billion. ECI, a U.S.-based manufacturer of electrical distribution systems, serves a range of industrial markets. The deal, if finalized, would align with Rosebank’s acquisition strategy and be funded through…
Soul Patts, Brickworks to merge in $14 billion deal
SYDNEY: Washington H. Soul Pattinson and Company Limited and Brickworks Limited have announced a transformative merger, bringing together two of Australia’s most prominent investment and industrial groups in a deal valued at $14 billion. The boards of both companies unanimously approved the merger, which will eliminate cross-shareholding complexities and create a newly capitalized ASX-listed entity,…
Cash Converters secures £12 million funding from Lloyds Bank, acquires 10 UK franchise stores
SYDNEY: Cash Converters International Limited, a global consumer lender and second-hand goods retailer, announced Tuesday it has finalized a £12 million ($15.7 million) growth funding facility with Lloyds Bank. The company also reached an agreement to acquire 10 franchise stores in the U.K., advancing its strategy to expand its corporate-owned network. The new financing will…
AccelerComm secures $15 million funding to boost 5G satellite technology
SOUTHAMPTON: AccelerComm, a leader in high-performance 5G technology for satellite networks, has closed a $15 million funding round to advance its direct-to-device (D2D) communications solutions. The investment, led by IP Group plc (LSE: IPO), will support the development and deployment of AccelerComm’s 5G satellite communications products, enabling seamless connectivity between mobile devices and space-based networks….
Indivior Plc to delist from London Stock Exchange, citing U.S. focus and cost savings
RICHMOND: Indivior PLC (Nasdaq/LSE: INDV) announced Tuesday its plans to cancel its secondary listing on the London Stock Exchange, consolidating its primary listing on Nasdaq as the company shifts focus to its U.S. operations. The pharmaceutical firm, known for its addiction treatment SUBLOCADE, said the move reflects its revenue concentration in the U.S., where over…
Anglo American completes demerger of Valterra Platinum
LONDON: Anglo American plc has completed the demerger of c.51% of the Company’s interest in the platinum group metals business, Valterra Platinum Limited (formerly named Anglo American Platinum Limited) and the associated share consolidation of Anglo American. This follows overwhelming approval by shareholders on Wednesday, 30 April 2025. The demerger took effect on Saturday, 31…
Mirriad Advertising finalizes joint venture agreement with U.S. tech firm
LONDON: Mirriad Advertising plc (AIM: MIRI), a virtual in-content advertising and product placement company, has signed binding agreements with a U.S. technology firm to advance its presence in the American market, the company announced Monday. Under the deal, the U.S. partner will acquire exclusive rights to market Mirriad’s virtual product placement (VPP) technology to existing…
Jadestone Energy appoints Thomas Mitchell Little as Chief Executive Officer
LONDON: Jadestone Energy plc (AIM:JSE), an independent upstream production and development company focused on the Asia-Pacific region, announces the appointment of Thomas Mitchell (Mitch) Little as Chief Executive Officer (“CEO”) effective 1 June 2025. Mr. Little has relocated to Jadestone’s head office in Singapore. Mr. Little will be responsible for the delivery of Jadestone’s existing…
Mayfield Group expands manufacturing capability with acquisition of BE Switchcraft
ADELAIDE: Mayfield Group Holdings Limited (ASX: MYG) announced Monday it has agreed to acquire BE Switchcraft Pty Ltd, a South Australian electrical switchboard manufacturer, in a deal worth $7 million. The acquisition is expected to close by Aug. 30, pending standard conditions. The transaction includes $5 million in cash and $2 million in Mayfield shares….
Tasmea Limited to acquire Vertex Group, expanding electrification services
JANDAKOT: Tasmea Limited (ASX: TEA) announced Monday it has agreed to acquire Vertex Group, a specialist in high-voltage and portable power services, in a deal worth up to A$11.75 million ($7.8 million). The acquisition aims to strengthen Tasmea’s capabilities in the electrification industry. The purchase includes Vertex Power & Process Pty Ltd and VTX Group…
Babylon to acquire Blue Hire
HIGH WYCOMBE: Babylon Pump & Power Limited (ASX: BPP) announced Monday it has entered into a binding agreement to acquire 100% of Blue Hire, a Western Australia-based specialist in pump hire and hydrotesting solutions, as part of its strategy to expand its rental and technical water services platform. The acquisition, valued at an upfront EBITDA…
Apple shifts production: iPhone shipments from India to U.S. surge amid trade tensions
Apple’s shipments of iPhones from India to the U.S. surged 76% year-on-year in April, reaching around 3 million units, while shipments from China plummeted 76% to 900,000. According to Omdia, this shift reflects Apple’s aggressive adaptation to U.S. tariffs on Chinese goods. Research manager Le Xuan Chiew noted that Apple’s India expansion began during the…