MIDLAND: Dow (NYSE: DOW) was named to the Dow Jones Sustainability World Index (DJSI) by S&P Global, the investment specialist focused exclusively on Sustainability Investing. This is the 21st year Dow has achieved this prestigious ranking as one of the top companies in the global chemical industry in terms of sustainability performance. “It is an…
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Sumitovant Biopharma will acquire Urovant Sciences for $584 million
IRVINE: Urovant Sciences has entered into a definitive agreement in which Sumitovant Biopharma will acquire Urovant Sciences for $16.25 per share or approximately $584 million in total equity value on a fully diluted basis in an all-cash merger. The price represents a 96% premium over Urovant’s closing share price of $8.28 on November 12, 2020…
Ajay Vashee joins IVP as General Partner
MENLO PARK: IVP, a premier later-stage venture capital and growth equity firm, announced that Ajay Vashee is joining as a General Partner. Ajay brings deep operational and financial experience to the role, and will invest in high-growth technology companies across a range of markets, with an initial focus on SaaS, collaboration software, and subscription businesses….
Sierra Wireless Octave wins “IoT Innovation of the Year” Award
VANCOUVER: Sierra Wireless announced that its Octave solution has been selected as winner of the “IoT Innovation of the Year” award in the fourth annual Mobile Breakthrough Awards program conducted by Mobile Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global wireless and mobile market today….
FCPT announces $1.8 million acquisition of Starbucks property
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a Starbucks property for $1.8 million from a previously announced Washington Prime Group transaction. The property is located in Connecticut and is under a net lease to the brand’s corporate entity with a lease term of approximately ten years remaining. The Washington Prime portfolio…
Myers Industries acquires Elkhart Plastics Inc.
AKRON, OHIO: Myers Industries Inc. has acquired the assets of Elkhart Plastics Inc., one of the largest rotational molding companies in the United States, a news release said. The acquisition is the latest action in Myers’ recently announced long-term strategic plan to transform the Company into a high-growth, customer-centric innovator of value-added engineered plastic solutions….
Strategic Wireless acquires multiple tower portfolios in Louisiana and Wisconsin
COSTA MESA: Strategic Wireless Infrastructure Funds Management’s affiliate, SWI Funds Tower Holdings LLC has completed the acquisition of two separate portfolios consisting of cell towers, real estate and other related assets located in Louisiana and Wisconsin. Most recently, the company acquired a tower portfolio located in several desirable recreational locations throughout Wisconsin. The Wisconsin acquisition…
Raytheon Technologies to acquire small satellite leader Blue Canyon Technologies
BOULDER: Blue Canyon Technologies Inc. has entered into a definitive agreement to be acquired by Raytheon Technologies, an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. Blue Canyon Technologies (BCT) will report into Raytheon Intelligence & Space, a business of Raytheon Technologies, subject to certain regulatory…
Bentley Systems announces public offering of common stock
EXTON: Bentley Systems Incorporated has announced a public offering of 10 million shares of its Class B common stock, consisting of 8,103,965 shares to be issued and sold by Bentley and 1,896,035 shares to be sold by existing stockholders of Bentley. Bentley expects to grant the underwriters in the offering a 30-day option to purchase…
ACCO Brands to acquire PowerA for upto $395 million
LAKE ZURICH: ACCO Brands Corporation has signed a definitive agreement to acquire PowerA, a fast-growing, leading provider of third-party video gaming accessories, including controllers, power charging solutions, and gaming headsets. PowerA is a long-standing licensed partner with the leading gaming platforms and title publishers, with a 20-year track record of collaboration, a news release said….
Datadog and Google Cloud extend strategic partnership into new regions
NEW YORK: Datadog Inc., the monitoring and security platform for cloud applications, announced an extension of a strategic partnership with Google Cloud. Under this partnership, Datadog and Google will grow a relationship that began in 2019 with Datadog’s first European Google Cloud data center to now include new regions, making it even easier for organizations…
Babcock & Wilcox announces 3-year contract extension for CEO Kenny Young
AKRON, OHIO: Babcock & Wilcox (B&W) announced a three-year extension of the contract under which Kenny Young serves as B&W’s CEO, through December 31, 2023. Young also serves as Chairman of the B&W Board of Directors. Since joining B&W as CEO in November 2018, Young has led a significant turnaround of the Company, including its…