LONDON, UK: ASB Bank Limited (ASB), one of New Zealand’s leading banks, has announced that it will merge with its wholly-owned finance subsidiary, ASB Finance Limited (AFL), under the provisions of the Companies Act 1993 (New Zealand). The merger is expected to take effect on 15 June 2023. As a result of the merger,…
The UK’s Competition and Markets Authority (CMA) has given the green light for the $7.3bn acquisition of British satellite operator Inmarsat by its US peer Viasat, a deal first announced in November 2021. The CMA had launched an investigation into the deal last year, fearing that it might reduce competition in the market for…
LUXEMBOURG: Majorel Group Luxembourg has, together with its major shareholders Bertelsmann Luxembourg, Saham Customer Relationship Investment and Saham Outsourcing Luxembourg, agreed with Sitel Group S.A. and Sitel’s majority shareholder, the Mulliez family, on key terms for a potential merger of Majorel and Sitel. Sitel is a leading provider of CX products and solutions, with…
LONDON, UK: S4Capital plc (SFOR.L), the tech-led, new age/new era digital advertising and marketing services company, announced a merger between TheoremOne and Media.Monks, which significantly expands the capabilities of its Technology Services practice. The merger augments its technology services and consulting capabilities and expands its client base. TheoremOne is a leader in agile, full-stack,…
LONDON, UK: The boards of LXi REIT plc has agreed to merge with Secure Income REIT plc (SIR). Under the terms of the merger, for each Secure Income REIT share, SIR shareholders will be entitled to receive 3.32 new LXi shares. The boards of LXi and SIR believe there is a strong strategic, operational…
OSLO, NORWAY: Aker Horizons ASA announced merger plans with Aker Offshore Wind AS and Aker Clean Hydrogen AS. Aker Horizons and Aker Offshore Wind (AOW) to combine in an all-stock merger that will reposition AOW as a privately held subsidiary of Aker Horizons, with the intention to combine AOW with its portfolio company Mainstream…
BRISBANE, AUSTRALIA: Anteris Technologies Ltd (ASX: AVR) is considering to merge with NASDAQ-listed special purpose acquisition company Medicus Sciences Acquisition Corp. (MSAC). MSAC currently has no commercial operations and was established as a blank cheque company for the purpose of, amongst other things, effecting a merger, share exchange or business combination with one or…
HOUSTON, TEXAS: Kalera AS, one of the preeminent leafy green vertical farming companies and a leader in plant science for producing high-quality produce in controlled environments, and Agrico Acquisition Corp., a special purpose acquisition company (SPAC), today jointly announced that they have entered into a definitive merger agreement. As a result, Kalera will transition…
ALLSCHWIL, SWITZERLAND: Polyphor AG (SIX: POLN) and EnBiotix Inc. announced the closing of the merger of the two companies and the change of name of the combined company to Spexis AG. Pursuant to completion of the capital increase approved at the extraordinary general meeting of shareholders convened on October 28, 2021, Polyphor and EnBiotix,…
SYDNEY, AUSTRALIA: The merger of Oil Search Limited and Santos Limited effected by way of scheme of arrangement under PNG law has been implemented. Accordingly, Santos has acquired 100% of the issued capital in Oil Search Limited from shareholders. In accordance with the terms of the Scheme, eligible Oil Search shareholders have been issued…
ABU DHABI, UAE: International Holding Company (IHC) has formally agreed to the merger of its subsidiary Al Tamouh Investments with Al Qudra Holding, a news release said. The transaction will be completed through the transfer of shares in Al Tamouh Investments in return for unsecured mandatory convertible bonds issued by Al Qudra Holding. In…