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.
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….
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…
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…
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…
LONDON, UK: Mortgage Advice Bureau Limited has agreed to acquire approximately 75% of Project Finland Topco Limited (Fluent Money Group) for a total cash payment of c.£73 million based upon an enterprise value of £95 million together with a put and call option over the remaining interests. Fluent is a technology enabled telephone advice mortgage…
LONDON, UK: VVV Resources Limited (AQSE: VVV) has signed a conditional Share Purchase Agreement with CASS FZE, and Stella Investments Limited to acquire 100% of the entire issued share capital of Anthony Vartkes Resources Limited (AVRL), a BVI-registered company. On completion of the Share Purchase Agreement, VVV Resources, will hold a 100% interest in the…
LONDON, UK: S-Ventures Plc has reached an agreement to acquire the whole of the issued share capital of Market Rocket Limited, a dynamic, growth-focused digital agency that partners exclusively with product and brand owners globally to identify and realise significant digital business opportunities. Subject to contract and due diligence, the acquisition is expected to complete…
SYDNEY, AUSTRALIA: Culpeo Minerals Limited (ASX: CPO) has entered into an agreement to acquire the Lana Corina Copper Project from SCM Antares. Lana Corina is a high-grade copper project, hosting multiple outcropping copper bearing breccia pipes associated with a well mineralised porphyry intrusive. The Project is located 40km north of the Company’s Quelon Project in…
VANCOUVER, BC: First Uranium Resources Ltd. (OTCPK: KMMIF) has entered into a binding letter of intent for an option to acquire all of the shares of Southwind Corporation, a Delaware corporation, holding significant exploration and development properties in and around Independence County, Arkansas, United States of America. Pursuant to the terms, First Uranium Resources will…
TRONDHEIM, NORWAY: NORBIT ASA is in exclusive negotiations regarding an add-on acquisition of an undisclosed international maritime technology company. The acquisition will broaden the product offering in the Oceans segment. NORBIT has signed a term sheet to this effect. “With the target company having developed a proprietary sonar technology, complementary to NORBIT’s current portfolio, this…
LONDON, UK: Resolution Life Australasia has entered into an agreement with AIA Australia Limited to acquire its Superannuation & Investments business. The acquisition will deliver significant value and scale benefits and will strengthen Resolution Life’s position as the largest life insurer by assets in Australasia. It will increase Resolution Life’s funds under management and administration…
OSLO, NORWAY: Lyse AS has entered into heads of terms with Ice Group ASA to acquire all shares of Ice Group Scandinavia Holding AS and such additional assets and shares which belong to the business of Ice, including all the shares of Ice Communication Norge AS, Phonepartner Norge Holding AS and Ice Retail Holding AS at an…