Category: Industries

Financial services provider State Street Corp. (STT) announced Wednesday that it has mutually agreed with Brown Brothers Harriman & Co. (BBH), a financial services firm, to terminate its proposed acquisition of BBH’s Investor Services business. The decision was taken after it became clear that State Street will be unable to obtain necessary approvals from its […]

U.K.-based asset manager Atlas (ATCO) and Poseidon Acquisition Corp., an entity formed by certain affiliates of Fairfax Financial Holdings Limited, certain affiliates of the Washington Family, David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd. and certain of their respective affiliates on Tuesday said Poseidon would acquire Atlas in an […]

Ingersoll Rand Inc. (IR), a global provider of mission-critical flow creation and industrial solutions, on Thursday said it has entered into agreements to acquire Everest Blowers Private Limited and Everest Blower Systems Private Limited, both based in India and Airmax Groupe, based in France. The combined all-cash upfront purchase price is approximately $86 million with […]

Thales Group (THLEF.PK), a French designer and builder of electrical systems, announced Tuesday its agreement to acquire OneWelcome, a Dutch provider of Customer Identity and Access Management or CIAM, for a total consideration of 100 million euros. The transaction is expected to be completed during the second half of 2022, subject to regulatory approvals and […]

Syros Pharmaceuticals (SYRS) and TYME Technologies, Inc. (TYME) announced that the companies have entered into a definitive merger agreement pursuant to which Syros will acquire TYME, including its pipeline assets and net cash at closing which after accounting for wind-down and transaction expenses is currently estimated to be approximately $60 million. The combined company will […]

Choice Hotels International, Inc. (CHH), a lodging franchisor, announced Monday that it has entered into a definitive agreement to buy the franchise business, operations and intellectual property of Radisson Hotel Group Americas for around $675 million. The acquisition will add Radisson’s nine brands, 624 hotels and over 68,000 rooms in the United States, Canada, Latin […]

U.K.-based Senior plc (SNR), engaged in the business of aerospace and defense components worldwide, on Thursday announced the signing of a definitive agreement to acquire substantially all of the assets of California-based Spencer Aerospace Manufacturing, LLC, a unit of Pivotal Manufacturing Group, LLC. Senior has agreed to pay 48 million pounds ($60 million) for Spencer […]

Netflix, Inc. (NFLX) announced Wednesday that it has entered into a combination agreement to acquire Finnish mobile game maker Next Games Oyj for a total equity value of around 65 million euros. Next Games shares were gaining more than 118 percent in the early morning trading in Helsinki. Under the deal terms, Netflix will commence […]

Expressive investments should be made from savings after setting aside capital for your life goals If watches are meant for only time management, then why do some individuals own a Patek Philippe? Similarly, if cars are meant for only transportation, then why desire a Bugatti Chiron? Clearly, our desire to own products goes beyond the […]

High inflation, raw material prices may pressure margins in near term, says CMD Hindustan Unilever Ltd. (HUL), India’s largest consumer goods maker, reported standalone third-quarter net profit grew 17% to ₹2,243 crore aided by strong all-round performance but warned that high raw material costs and inflation could hit margins in the near term. EBITDA margin […]