SYDNEY, AUSTRALIA: ReadyTech Holdings has signed an agreement to acquire IT Vision, a specialist provider of local government focused technology. Upfront consideration of $23.1 million will be paid using a combination of 50% cash and 50% shares. Earnout consideration up to an additional $31.5 million (payable in cash and/or, subject to shareholder approval, ReadyTech shares)…
Tag: Acquire
The word “acquire” is a verb that means to buy or obtain something for oneself, learn or develop a skill, or come to have something as a result of one’s behavior or activities.
ITV to acquire Plimsoll Productions £103.5 million
LONDON, UK: ITV plc has agreed to acquire a majority interest of 79.5% in Plimsoll Productions, the largest independent producer of natural history programmes in the world and a growing premium factual producer, for a cash consideration of approximately £103.5 million, valuing Plimsoll at an Enterprise Value of £131 million, a notice said. Founded in…
CRH Plc to acquire Barrette Outdoor Living for $1.9 billion
LONDON, UK: CRH plc has reached an agreement with TorQuest Partners and Caisse de dépôt et placement du Québec (CDPQ) to acquire Barrette Outdoor Living Inc. for an enterprise value of $1.9 billion, representing an acquisition multiple of c.10x EBITDA pre-synergies. Albert Manifold, Chief Executive of CRH, commented: “Barrette is an excellent addition to CRH….
Complii FinTech Solutions to acquire Registry Direct Limited
SYDNEY, AUSTRALIA: Complii FinTech Solutions (ASX: CF1) has exchanged a Bid Implementation Agreement (BIA) to acquire all of the fully paid ordinary shares in with Registry Direct Limited (ASX: RD1) by way of an off-market, all-scrip takeover. As set out in the BIA, Complii will offer holders of fully paid ordinary shares in Registry Direct…
Net Zero Infrastructure to acquire Taylor Construction Plant and Solar Highways Limited
LONDON, UK: Net Zero Infrastructure Plc (NZI) has signed a non-binding letter of intent (LOI) to acquire the entire issued share capital of Taylor Construction Plant Limited and Solar Highways Limited (collectively TCP). Net Zero Infrastructure Plc (NZI) is a special purpose acquisition company formed with the intention to acquire renewable or clean energy technology…
Pagero Group to acquire Tungsten Corporation for £61.49 million
LONDON, UK: Pagero Group has agreed the terms of a recommended all cash offer to acquire the entire issued and to be issued ordinary share capital of Tungsten Corporation at the rate of 48 pence/ Tungsten share valuing the entire issued and to be issued ordinary share capital of Tungsten at approximately £61.49 million on…
MADE.com to acquire Trouva
LONDON, UK: Made.com Group Plc, the leading digital native lifestyle brand in home, has acquired Trouva, to advance the Group’s growth strategy. Trouva is the leading platform to discover independent boutiques and brands offering customers a curated range of homewares, lifestyle and fashion products. Launched in 2015 Trouva has its HQ in London. The company…
VK Company to acquire Yandex News and Yandex Zen
LONDON, UK: VK Company Limited has reached an agreement in principle with Yandex around the main terms of the deal to acquire Yandex’s news aggregation platform and infotainment service Zen. While the parties have come to an agreement in principle on a transaction, they are continuing to discuss certain technical details, which will be announced…
Elon Musk offers to buy Twitter for $43 billion
Elon Musk has made an offer of $54.20 per share in cash, representing a 54% premium over the Jan 28. closing price and a value of about $43 billion to acquire Twitter Inc.. The social media company’s shares soared 18%.Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday….
GSK agrees to acquire Sierra Oncology for $1.9bn
LONDON, UK: GlaxoSmithKline plc (LSE: GSK) and Sierra Oncology Inc (Nasdaq: SRRA) have entered into an agreement under which GSK will acquire Sierra Oncology, a California-based, late-stage biopharmaceutical company focused on targeted therapies for the treatment of rare forms of cancer, for $55 per share of common stock in cash representing an approximate total equity…
Instaclustr enters into agreement to be acquired by NetApp
SYDNEY, AUSTRALIA: NetApp (NASDAQ:NTAP), a global cloud-led, data-centric software company has signed a definitive agreement to acquire Instaclustr. As a result of the transaction, Bailador will increase its carrying value in Instaclustr to A$118 million. The valuation uplift of $54m is an increase of $0.38 NTA per share (pre-tax). The sale price is subject to…
Agility Public Warehousing Company to acquire Menzies plc for £571mn
LONDON, UK: GIL International Holdings V Limited, a wholly-owned subsidiary of Agility Public Warehousing Company, has made a recommended cash offer to acquire Menzies plc at the rate of 608 pence in cash per Menzies share. The acquisition values the entire issued and to be issued ordinary share capital of Menzies at approximately £571 million…