LONDON: Virgin Media O2 (VMO2) announced Monday that it will merge its business-to-business operations with Daisy Group to form a major new player in the United Kingdom’s business communications and IT sector. The newly established entity will generate annual pro forma revenues of approximately £1.4 billion. VMO2 will hold a 70% stake in the business, with Daisy…
Tag: Merge
BenevolentAI to delist from Euronext and merge into Osaka Holdings
AMSTERDAM: BenevolentAI (Euronext Amsterdam: BAI), a leader in AI-driven drug discovery, announced plans to delist from Euronext Amsterdam via a merger with Osaka Holdings S.à r.l., a private entity. This move, subject to shareholder approval, aims to simplify the company’s structure and reduce administrative overhead. Following an extensive review, the Board concluded that the costs…
Amundi US to merge into Victory Capital
PARIS: Amundi and Victory Capital have signed a Memorandum of Understanding that will significantly reshape the investment management landscape. The agreement outlines a strategic plan to merge Amundi US into Victory Capital, granting Amundi a 26.1% stake in Victory Capital and establishing comprehensive global distribution agreements. This proposed transaction is poised to create a more…
Hotel101 Global to merge with JVSPAC Acquisition Corp, and list on NASDAQ
Hotel101 Global Pte. Ltd., a subsidiary of the Philippine-based DoubleDragon Corporation, has announced a definitive merger with JVSPAC Acquisition Corporation. This strategic alliance is set to propel Hotel101, a trailblazer in the “condotel” sector, onto the NASDAQ stock exchange under the ticker symbol “HBNB.” With an anticipated post-transaction equity value surpassing US$2.3 billion, Hotel101 is…
Westgold Resources Limited and Karora Resources Inc. to merge
MELBOURNE, AUSTRALIA: Westgold Resources Limited and Karora Resources Inc. have announced a definitive merger agreement. Under the arrangement, Westgold will acquire all outstanding shares of Karora, with shareholders receiving a mix of shares, cash, and SpinCo shares as consideration. The transaction values Karora shares at approximately A$6.60 each, marking a premium over recent trading prices….
Doma Holdings to merge with Title Resources Group in a $6.29 per share deal
Doma Holdings, Inc. (NYSE: DOMA) has announced a definitive merger agreement with Title Resources Group (TRG), a top title insurance underwriter. The deal, pending stockholder and regulatory approval, will see TRG acquiring all outstanding shares of Doma at $6.29 each, a 43.0% premium over the closing price on March 27, 2024. Post-merger, Doma’s underwriting and…
KNAV merges with Singapore’s Natarajan & Swaminathan
KNAV, a global accounting and advisory firm, has merged with Natarajan & Swaminathan, a distinguished audit firm in Singapore with a 70-year legacy. This strategic merger aims to enhance KNAV’s local operations and broaden its regional influence. Natarajan & Swaminathan is celebrated for its exceptional audit and tax services, and its team’s deep understanding of…
Tritax Big Box and UK Commercial Property REIT to merge in a £924 million deal
LONDON: Tritax Big Box REIT (BBOX) and UK Commercial Property REIT Limited (UKCM) have announced a definitive all-share merger agreement. Under the terms of the deal, BBOX will acquire all the issued and to be issued ordinary share capital of UKCM. Shareholders of UKCM are set to receive 0.444 new BBOX shares for each UKCM…
JPMorgan to merge two investment trusts in a £71 million deal
LONDON, UK: JPMorgan Multi-Asset Growth & Income plc (MATE) and JPMorgan Global Growth & Income plc (JGGI) have agreed to combine their assets in a scheme of reconstruction that will result in the liquidation of MATE and the issuance of new JGGI shares to MATE shareholders. The deal, which is subject to shareholder approval, will…
Informa Plc and TechTarget join forces to create New TechTarget, a US-listed B2B data giant
LONDON, UK: Informa Plc, a UK-based information services company, has announced a deal to merge its digital businesses with TechTarget, a US-based provider of data-driven B2B products for the technology sector. The deal will create a new entity called New TechTarget, which will be listed on the Nasdaq stock exchange and have a majority ownership…
The Property Franchise Group and Belvoir Group agree to merge in a £214.4 million deal
LONDON: UK: The Property Franchise Group PLC (TPFG) and Belvoir Group PLC (Belvoir) have announced a recommended all-share merger to create a leading property franchise business in the UK. The combined group will have more than 930 property franchise locations, managing over 152,000 tenanted properties and selling more than 28,000 properties per year. Under the…
Arco Platform shareholders approve merger with Achieve Holdings
Arco Platform Limited, a leading operating system for K-12 schools, announced that its shareholders have voted in favor of the merger with Achieve Holdings, a private company that operates in the education sector. The merger will result in Arco becoming a wholly-owned subsidiary of Achieve and its common shares being delisted from the Nasdaq Global…