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.
TORTOLA: Caribbean Investment Holdings Limited has reached an agreement for the purchase of Scotiabank (Belize) Ltd. (SBL) from Scotiabank Caribbean Holdings Ltd., for an initial purchase price of up to US$30.5 million. Scotiabank Caribbean Holdings is a subsidiary of The Bank of Nova Scotia (BNS). The acquisition is subject to regulatory approval and customary closing…
SCOTTSDALE: Carlisle Companies Incorporated announced the termination of its previously announced agreement to acquire Draka Fileca SAS from Prysmian SpA. Chris Koch, Chairman and Chief Executive Officer, said “While we were enthusiastic about completing the transaction, unfortunately, the COVID-19 pandemic contributed to the delay in timely receiving the necessary regulatory approval. While disappointed, we remain…
MILL VALLEY: Four Corners Property Trust (FCPT), a real estate investment trust, announced the acquisition of a corporate-operated Big O Tires property for $2.7 million. The lease is guaranteed by TBC Corporation, one of the largest independent tire retailers in the U.S. TBC operates or franchises 2,383 retail locations across its various brands, which include…
VANCOUVER: Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc., has entered into a definitive share exchange agreement with Exceler Holdings Ltd, an arm’s length private British Columbia corporation. The agreement with Exceler will provide BevCanna with access to Exceler’s significant number of distribution points across Europe and Asia as BevCanna launches its CBD beverage…
VANCOUVER: Temas Resources Corp. has executed a definitive agreement with CloudBreak Discovery Corp. and Cronin Services Ltd. to acquire a 100% interest in the La Blache property in Cote-Nord, Quebec by way of certain share and cash consideration. The La Blache Property is part of the La Blache Anorthosite Complex and hosts the Farrell-Taylor magnetite-ilmenite…
DUBAI: Saudi Arabian Oil Co (Saudi Aramco) has purchased 70 percent stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF) for SAR 259.125 billion (US$ 69.1 billion), equating to SAR 123.39/share. Public Investment Fund (PIF) is the Sovereign Wealth Fund of Saudi Arabia. Following the receipt of all necessary regulatory clearances…
OSLO: Norwegian Property, through NPRO Holding AS, buys Veidekke Eiendom together with Fredensborg AS and Union Real Estate Fond III Holding AS. NPRO and Fredensborg will be equal partners with 42.5% each, and Union will own 15% (together the investor group). In total, the Investor Group becomes 100% owners of Veidekke Eiendom AS and Veidekke…
LONDON: Oilex Limited has entered into a conditional binding Share Purchase Agreement (SPA) with Armour Energy Limited for the proposed sale of all of its interests in the Cooper-Eromanga Basin. Pursuant to the SPA, Armour will acquire 100% of the issued capital of CoEra Limited (CoEra), a wholly owned Company subsidiary which holds all of…
BOULDER, COLO: Charlotte’s Web Holdings has acquired all the issued and outstanding subordinate voting shares of Abacus Health Products. All the outstanding proportionate voting shares of Abacus were converted into Abacus shares prior to closing of the Arrangement. Pursuant to the Arrangement, holders of Abacus Shares received 0.85 of a common share of Charlotte’s Web…
LONDON: The Panoply Holdings PLC, the technology-enabled services group focused on digital transformation, announced the acquisition of the entire issued share capital of Arthurly Ltd against a consideration of £412,000, of which £150,000 is to be paid from existing cash resources and the remainder to be settled by the allotment and issue of 365,853 shares…
SAN JOSE: Therma Holdings, a portfolio company of Gemspring Capital, has acquired Minneapolis, Minnesota-based Gilbert LLC. Therma Holdings is a leading mechanical, electrical, plumbing and controls services company focused on designing, building, and servicing complex systems in mission-critical facilities. Gilbert is Therma’s fourth acquisition since partnering with Gemspring Capital. Gilbert, founded in 1978, is a…
LONDON: Hummingbird Resources plc signed a binding heads of terms agreement for the acquisition of the Kouroussa Gold Project located in Guinea, from Cassidy Gold Corp subject to standard conditions precedent including government approval. Initial consideration of £10 million satisfied through the issue of 35.248,441 Hummingbird new ordinary shares at 28.4p, currently representing 9.1% of…