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NioCorp to Merge with SPAC to Fund Critical Minerals Project
Mineral exploration company NioCorp Developments Ltd. and GX Acquisition II, a special purpose acquisition company (SPAC), have announced a definitive merger agreement valuing the combined entity at $313.5 million. The deal would provide additional capital for NioCorp’s Elk Creek Critical Minerals Project in southeastern Nebraska.
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Google Buys Digital Forensics Firm Mandiant for $5.4 Billion
Google will acquire the publicly-traded cybersecurity firm Mandiant for $5.4 billion, the tech giant said. “We will retain the Mandiant brand and continue Mandiant’s mission to make every organization secure from cyber threats and confident in their readiness,” Google Cloud Chief Executive Officer Thomas Kurian wrote in a blog post...
Judge Permits United Health to Merge with Change Healthcare, Frustrating DOJ
In a blow to the Biden administration’s efforts to protect competition in the healthcare industry, a Trump-appointed federal judge has allowed UnitedHealth Group to acquire Change Healthcare. The Department of Justice (DOJ) had attempted to intervene in the transaction...
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Sitio Royalties to Merge With Brigham Minerals in $4.8B Deal
In what would create the largest publicly traded mineral and royalty company in the United States, Sitio Royalties Corp. and Brigham Minerals Inc. have announced an agreement to merge in a $4.8 billion all-stock transaction...
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Insurance Leader Abacus Life to Go Public in Deal with Buffalo...
Abacus Life, a leading buyer of life insurance policies and a vertically-integrated alternative asset manager, has announced a merger agreement with East Resources Acquisition Company (ERES), a special purpose acquisition company (SPAC). Abacus will go public following the closing of the deal, which is expected in late 2022...
Amazon to Buy Roomba Manufacturer iRobot in $1.7B Deal
Amazon has said it will acquire Roomba-maker iRobot for $1.7 billion, in an all-cash transaction at $61 per share. The purchase, which would increase Amazon’s presence in the consumer robotics space, would be the company’s fourth-largest by market value, behind Whole Foods, MGM, and One Medical...
Groundbreaking Laser Maker to Merge with SPAC and Go Public
Laser leader Nuburu Inc. and Tailwind Acquisition Corp., a special purpose acquisition company (SPAC), will merge and go public, the companies announced. The transaction values Nuburu at a pre-money enterprise value of approximately $350 million, at a price of $10 per common share...
Amgen Continues Acquisition Run with $3.7 Billion ChemoCentryx Purchase
In the latest in a series of acquisitions, multinational biopharmaceutical behemoth Amgen has announced it will purchase ChemoCentryx in a $3.7 billion deal that will advance its position in the world of anti-inflammatory medications. Last year, the FDA approved ChemoCentryx’s drug Tavneos...
Semtech Announces Acquisition of Sierra Wireless for $1.2 Billion
California-based Semtech Corporation has announced that it will buy the cellular IoT (Internet of Things) company Sierra Wireless for $31 per share in an all-cash transaction valued at about $1.2 billion. Semtech, a 60-year-old global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms.
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Rival European Satellite Companies Merge in $3.4 Billion Deal
European satellite operator Eutelstat will combine with U.K. rival OneWeb in an all-stock merger valued at $3.4 billion, according to a press statement issued in July. Eutelstat will issue 230 million new shares and exchange them for the remaining OneWeb shares...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...