D.C. Business Publisher Industry Dive to be Acquired by Informa for...
Business media company Industry Dive has signed an agreement to be sold to U.K. events and publishing outfit Informa for an enterprise value of $525 million, a source close to the deal told Axios. Informa confirmed the deal on its website...
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Vertex Again Buys Maker of Potential Diabetes Cure
Vertex Pharmaceuticals has announced that it will acquire ViaCyte, a privately held developer of stem cell-derived therapies for Type 1 diabetes, marking its second purchase of a company seeking a cure for the disease...
Oil and Gas Firms Oasis and Whiting Merge in $6 Billion...
Oasis Petroleum Inc. and Whiting Petroleum Corp. have merged, forming a $6 billion oil and gas company, Chord Energy. The new entity has a prime Williston Basin position with assets across about 972,000 net acres, combined first-quarter production of 171.1 thousand barrels of oil equivalent per day (BOEPD)...
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Electric Vehicle Maker Polestar Goes Public
Electric vehicle maker Polestar has gone public via a merger with Gores Guggenheim, a special purpose acquisition company, or SPAC. The $890 million raised from the transaction will fund Polestar’s three-year plan to build new vehicles and become profitable, according to Chief Executive Officer Thomas Ingenlath...
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Global Snack Leader Mondelez to Acquire Clif Bar & Company
Cadbury chocolate maker Mondelez International has announced plans to buy Clif Bar & Company for $2.9 billion. The acquisition will add Clif, Clif Kid, and Luna brand bars to the snacking giant’s existing portfolio and increase the value of its snack bar business to north of $1 billion...
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Warehouse REIT Prologis To Buy Duke Realty Corp in Record-Setting Deal
Prologis, a real estate investment trust (REIT), has announced that it will acquire Duke Realty Corp for about $26 billion, including debt. The all-stock deal would be one of the largest in the REIT industry. Duke shareholders will receive 0.475 of a Prologis share for each share held, as part of the transaction...
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Retail Mega-Deal Has Kohl’s On The Block For $8 Billion
The Ohio-based Franchise Group has entered exclusive negotiations to purchase Kohl’s for nearly $8 billion, or $60 per share, marking the year’s biggest retail acquisition, should the deal come to fruition. In the three years since investor Brian Kahn founded the firm...
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Digital Freight Booker Freightos to Go Public in Definitive Merger Agreement
Freightos Ltd., a booking and payment platform for the international freight industry, and Gesher I Acquisition Corp, a special purpose acquisition company (SPAC), have announced a merger in which the combined entity will be publicly listed on the NASDAQ. The merged company will be named Freightos and will be listed under the ticker symbol “FROS.”...
Near, a Data Intelligence Company, to Go Public in $1 Billion...
Data intelligence company Near has agreed to go public through a merger with blank-check vehicle KludeIn I Acquisition Corp. The deal values the California-based company at about $1 billion. Near provides data to companies including the Ford Motor Company, Dunkin Donuts, and MetLife...
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Petrochemical Company Borouge to List on Stock Exchange Amid a String...
Borouge, a joint venture between the Abu Dhabi National Oil Company (ADNOC) and Austrian chemical company Borealis, will list on the Abu Dhabi stock exchange in June. The petrochemical company will sell three billion shares in the initial public offering, a 10% stake. On the heels of a series of public offerings across the Middle East...
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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...