Foley Products Company acquires Coastal Precast of Florida

Foley Products Company, LLC, a leading manufacturer of concrete pipe and precast products, announced on December 8, 2023, that it has acquired Coastal Precast of Florida, Inc., a producer of…

NNR December 12, 2023

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Asbury Automotive acquires Jim Koons Automotive for $1.2 billion

Asbury Automotive Group, Inc., one of the U.S.’ largest automotive retail and service companies, has acquired Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S., for…

NNR December 12, 2023

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Installed Building Products has acquired Combee

Installed Building Products Inc., an industry-leading installer of insulation and complementary building products, today announced the acquisition of Combee Insulation Company Inc., Combee Foam Products, Inc. and Air Tight Diagnostics,…

NNR December 12, 2023

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Watts Water Technologies to acquire Josam Company for $35 million

Watts Water Technologies, Inc. (NYSE: WTS), a global leader in plumbing, heating and water quality products and solutions, announced today that it has agreed to buy Josam Company, a provider…

NNR December 12, 2023

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Ayar Labs names co-founder Mark Wade as new CEO

Ayar Labs, a leader in silicon photonics for chip-to-chip connectivity, has announced that co-founder and CTO Mark Wade will take over as its new CEO, replacing Charles Wuischpard who will…

NNR December 12, 2023

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Discover Financial Services names Michael G. Rhodes as new CEO and President

Discover Financial Services (NYSE: DFS) announced today that Michael G. Rhodes, a veteran financial industry executive, will be its new Chief Executive Officer and President, effective on or before March…

NNR December 12, 2023

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Altice USA may sell Cheddar News to Regent LP

Altice USA, the fourth-largest U.S. cable provider, is in talks to sell its financial news streaming service Cheddar News to a private equity firm, Regent LP, CNBC reported. The deal…

NNR December 11, 2023

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Macy’s gets $5.8 billion takeover bid from Arkhouse and Brigade

Macy’s, the iconic American department store chain, is facing a potential buyout from a consortium of real estate and asset management firms. Arkhouse Management and Brigade Capital Management have offered…

NNR December 11, 2023

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Abrdn to reinvest £30m in UK investment trusts

Abrdn, the third-largest manager of investment trusts in the UK, announced that it will reinvest an amount equal to six months’ worth of management fees into all of its UK-listed…

NNR December 11, 2023

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TikTok invests $1.5bn in Tokopedia to revive e-commerce in Indonesia

TikTok, the social media giant, has announced a $1.5bn investment in Tokopedia, Indonesia’s largest e-commerce platform, in a bid to reopen its online shopping business in the country. The deal…

NNR December 11, 2023

Wire

Honeywell to buy Carrier’s security unit for $4.95 billion

Honeywell, a U.S. industrial giant, announced on Friday that it would acquire the security unit of Carrier, a leading air conditioner maker, for $4.95 billion in cash. The deal, which…

NNR December 8, 2023

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Tencent unveils Last Sentinel, its most ambitious console game yet

Tencent Holdings, the Chinese tech giant behind some of the world’s most popular mobile games, has revealed its latest project: Last Sentinel, a console game that aims to compete with…

NNR December 8, 2023