LONDON: Henderson European Focus Trust plc (HEFT) and Henderson EuroTrust plc (HNE) have announced their intention to merge, creating a new investment powerhouse: Henderson European Trust plc (the “Combined Trust”). This merger is poised to establish an enlarged flagship European investment trust, with management helmed by the seasoned European equities team at Janus Henderson Investors….
SYDNEY, AUSTRALIA: WAM Leaders Limited (ASX: WLE) has announced a Scheme Implementation Agreement to merge with QV Equities Limited (ASX: QVE), in a transaction poised to reshape the landscape of listed investment companies. Under the proposed Scheme of Arrangement, WAM Leaders will acquire all shares of QVE, offering QVE shareholders new WAM Leaders shares as…
Cathedra Bitcoin Inc., a diversified bitcoin mining company, has announced a merger with Kungsleden, Inc., a key player in high-density compute infrastructure. The binding share exchange agreement, dated March 6, 2024, is set to result in a reverse takeover, with Kungsleden becoming a wholly owned subsidiary of Cathedra. Upon the merger’s completion, Kungsleden shareholders are…
LONDON: Induver and Clover, two of Belgium’s leading independent corporate insurance brokers, have announced their merger to create a new market leader in the sector. The combined business will benefit from the support of Hg, a leading investor in software and services businesses, as a minority shareholder. The merger brings together Induver’s premium positioning and…
Arkhouse Management Co. LP and Brigade Capital Management have increased their all-cash offer to buy Macy’s for $24 per share, a 51.3% premium over the retailer’s share price before their initial bid in December 2023. The buyer group, which also includes Fortress Investment Group LLC and One Investment Management US as equity partners, urged Macy’s…
LONDON: MobilityOne, an e-commerce infrastructure payment solutions and platform provider, has announced the completion of the sale of its 60% stake in its non-core subsidiary 1Shop to Super Apps, a leading Southeast Asian super app company. The deal, which was first announced in October 2022, was initially subject to the completion of a merger exercise…
SYDNEY, AUSTRALIA: ParagonCare, a leading provider of healthcare equipment and services, has agreed to merge with CH2, a national distributor of pharmaceuticals and medical products, in a deal worth $201.5 million. The merger will create a diversified and complementary healthcare distribution and wholesaling group, with combined revenues of $3.3 billion and EBITDA of $93 million…
Onelife Senior Living, a family-owned developer and operator of senior living communities, has merged with Ally Senior Living, a Texas-based operator, to form a new company that will operate in eight states across 19 properties. The deal, which closed in February 2024, will retain Onelife Senior Living name and branding, and will be led by…
SYDNEY: Alcoa Corporation has made a conditional offer to buy all the shares of Alumina Limited through a share swap deal, a financial news announcement noted. Alumina shareholders would receive 0.02854 Alcoa shares for each Alumina share they own. This offer values Alumina at 13.1% higher than its closing price on 23 February 2024, and…
NexTier, Inc., the parent company of NexTier Bank, N.A., announced on Tuesday that it has successfully merged with Mars Bancorp, Inc., the owner of Mars Bank, as of February 16, 2024. The merger creates a combined entity with more than $2.7 billion in assets and 31 branches across seven counties in Pennsylvania, as well as…
GAN Limited, a North American provider of internet gaming solutions and online sports betting, announced that its shareholders approved the merger with a subsidiary of SEGA SAMMY CREATION INC., an affiliate of SEGA SAMMY HOLDINGS INC., a Japanese entertainment conglomerate. The merger agreement was supported by over 95% of the votes cast at a special…
Flame Acquisition Corp. (Flame), a blank check company, and Sable Offshore Corp. (Sable), a streamlined production unit, have received the green light from Flame’s stockholders to merge and become a publicly traded company. The business combination was approved by the requisite number of shares of Flame common stock voted at the special meeting on February…