NEW YORK: KKR has entered into an agreement with Telefónica, a leading global telecommunications company, to establish Chile’s first open access wholesale fiber optics company with the mission to bring greater broadband access across Chile, a news release said. Under the agreement, KKR will acquire a majority stake in Telefónica Chile’s existing fiber optic network,…
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.
Magnora ASA to acquire South African company
OSLO: Magnora ASA has entered into agreements to acquire 100 percent of the shares in a South African company with a 775 MW greenfield renewable development portfolio. In addition, Vindr group is merging with an onshore wind and solar PV project developer in the South African market. In connection with this, Magnora increases its ownership…
Bank of Queensland to acquire 100% of ME Bank for $1.325 bn
BRISBANE: Bank of Queensland Limited (BOQ) has entered into an agreement to acquire 100% of Members Equity Bank Limited (ME Bank) for cash consideration of $1.325 billion, a news release said. The acquisition will be funded by an underwritten capital raising of $1.35 billion. Chairman Patrick Allaway stated, “Today’s announcement is another major step in…
Learning Technologies acquires Bridge in a $50 million deal
LONDON: Learning Technologies Group (LTG) has agreed to acquire getBridge LLC and related assets from Instructure Inc for a cash consideration of $50 million. Bridge is a learning, performance and skills development platform for mid-enterprise organisations, headquartered in the US with operations in the UK and Hungary. Bridge provides a learning management system in addition…
Packages Limited to acquire Mitsubishi’s stake in Tri-Pack Films
KARACHI: Packages Limited has expressed intention to acquire Mitsubishi Corporation’s 19.33 percent shareholding in Tri-Pack Films Limited. Mitsubishi Corporation had indicated its intention of selling its entire 19.33 percent shareholding of Tri-Pack Films Limited. As per the agreement between the parties, Packages Limited has first right of refusal to purchase the entire shareholding of Mitsubishi…
Alpha Growth acquires Bermuda based holding company with wholly owned insurance subsidiary
LONDON: Alpha Growth Plc, a leading financial services specialist in the growing longevity asset class, signed a share purchase agreement to acquire a Bermuda based holding company and its wholly owned insurance company. This is a transformative deal for Alpha Growth and represents a significant building block in the company’s continued evolution, the deal adds…
A-Mark to acquire e-commerce retailer JM Bullion
EL SEGUNDO: A-Mark Precious Metals Inc. has entered into a definitive agreement with JM Bullion Inc. (JMB), a leading e-commerce retailer of precious metals, to acquire the remaining 79.5% of the issued and outstanding shares of JMB not currently owned by A-Mark, a news release said. The proposed acquisition follows a longstanding and highly synergistic…
Electronic Arts to acquire Glu Mobile in a $2.0 billion deal
REDWOOD CITY: Electronic Arts Inc. and Glu Mobile Inc. have entered into a definitive agreement under which Electronic Arts will acquire Glu Mobile. Under the terms of the agreement, EA will acquire Glu for $2.1 billion in enterprise value, a news release said. Glu stockholders will receive $12.50 in cash for each share of Glu…
Global Tech Industries Group signs letter of intent to acquire Gold Transactions International
NEW YORK: Global Tech Industries Group (GTII) has executed a Letter of Intent to acquire Gold Transactions International (GTI), a Utah corporation. The expected closing date of the final, binding acquisition agreement, defining the terms of the acquisition of GTI by GTII, including an assessment its assets and operations going forward, is anticipated to be…
Dometic Group inks agreement to acquire Twin Eagles USA
STOCKHOLM: Dometic Group AB has entered into an agreement to acquire Twin Eagles, a leading US manufacturer of freestanding and built-in grills and outdoor kitchen solutions for the residential outdoor market, a news release said. The acquisition strengthens Dometic’s offering in the fast-growing residential outdoor area in North America. Twin Eagles is a North American…
Aker Horizons acquires 75% stake in Mainstream Renewable Power for EUR 900 million
OSLO: Aker ASA announced that its wholly owned subsidiary, Aker Horizons AS has agreed to acquire 75 percent of Mainstream Renewable Power, a leading independent renewable energy company within onshore and offshore wind and solar. The Transaction values the current equity of Mainstream at EUR 900 million on a 100 percent basis and gives Aker…
Organic Garage executes LoI to acquire plant-based cheese company
TORONTO: Organic Garage Ltd. has entered into a binding letter of intent (LOI) to acquire all of the issued and outstanding securities of The Future of Cheese Company Corp. (FoC), a news release said FoC is a Toronto, Ontario based organic, vegan premium plant-based company in the business of developing, manufacturing and marketing plant-based cheeses…