Bird Global, Inc. (BRDS), Tuesday said it has acquired shared electric bike and scooter operator Skinny Labs, Inc, which is doing business as Spin, from Berlin-based TIER Mobility. The transaction makes Bird the largest micromobility operator in North America by market share and is expected to be immediately accretive to earnings. The purchase price was $19 million, including $10 million […]

The J. M. Smucker Co. (SJM), a maker of food and beverage products, said on Monday that it has signed a deal to acquire Hostess Brands, Inc. (TWNK), a bakery company, for $34.25 per share in a cash and share transaction, representing a total value of around $5.6 billion, including a debt of $900 million. Following the news, SJM was […]

Microsoft Corp. has overcome a major hurdle in its plans to buy video game maker Activision Blizzard Inc. with a court verdict against the Federal Trade Commission. A California judge has denied the FTC’s request for a preliminary injunction against the $69 billion deal, allowing the tech major to close its acquisition ahead of the July 18 deadline. The deal […]

Office Properties Income Trust (OPI) said on Tuesday that it has inked a merger deal to buy Diversified Healthcare Trust (DHC) in an all-share transaction. In pre-market activity on Nasdaq, OPI is trading down by 20.43 percent at $9.19 per share, whereas DHC is trading up by 16.13 percent at $1.44 per share. According to the deal, each DHC shareholders […]

Sumitovant Biopharma Ltd., owned by Sumitomo Pharma Co., Ltd., announced late Sunday a definitive agreement to acquire the remaining stake in Myovant Sciences (MYOV) not already owned by Sumitovant for $27.00 per share in cash. The total transaction value of the deal will be $1.7 billion, and a total company value will be $2.9 billion, both on a fully diluted […]

Women’s healthcare company TherapeuticsMD, Inc. (TXMD), on Tuesday announced that it has entered into a definitive merger agreement, to be acquired by an affiliate of EW Healthcare Partners, a private equity firm dedicated to making investments in healthcare companies. The deal values TherapeuticsMD at approximately $177 million and has been unanimously approved by TherapeuticsMD’s Board of Directors. Upon completion of […]

PotlatchDeltic Corporation (PCH), a forest products company, and CatchMark Timber Trust, Inc. (CTT), a real estate investment trust or REIT focused on prime timberlands, said they have inked a merger deal whereby PotlatchDeltic will buy CatchMark in all stock, at a premium. Following the deal, which is expected to be closed in the second half, CatchMark were trading up more […]

International Game Technology PLC (IGT) announced Monday that it has entered into a definitive agreement to acquire iSoftBet, an igaming content provider and third-party game aggregator, for around 160 million euros in cash. The acquisition is expected to be completed during the second quarter of 2022, subject to the satisfaction of customary closing conditions. The iSoftBet portfolio contains around 125 […]

Walt Disney Co. (DIS) late Monday said it recommends shareholders reject the unsolicited mini-tender offer by Tutanota LLC to purchase up to 240,000 shares of Disney common stock at a price of $143 per share in cash. According to the company, the offer is conditioned on the closing price per share of Disney’s common stock exceeding $143 per share on […]

Made additional provisions to address stress seen on the horizon, says Khara State Bank of India’s (SBI) net profit for the third quarter ended December rose 62.327% to ₹8,432 crore on account of an increase in interest income and lower provisioning due to better asset quality. It was SBI’s highest quarterly profit, Chairman Dinesh Khara said. “Overall, it is a […]