PowerFleet, MiX Telematics Announce All-stock Merger

PowerFleet, Inc. (PWFL), and MiX Telematics Limited (MIXT) announced on Tuesday that they have signed a deal to form a mobile asset Internet of Things or IoT Software-as-a-Service or SaaS provider. The all share transaction, expected to be closed in the first-quarter of calendar year 2024, will have a combined total revenue of $279 million […]

Pendragon To Sell Its UK Motor Business To Lithia Motors For 250 Mln Pounds

Pendragon Plc (PDG.L), a British car dealers firm, and Lithia Motors, Inc. (LAD), an automotive retailer in North America, announced on Monday that they agreed to a proposed sale by Pendragon Group Holdings Limited of Pendragon NewCo 2 Limited, which holds the company’s entire UK motor business and leasing business to Lithia UK Holding Limited, […]

Smurfit Kappa And WestRock To Merge To Form Smurfit WestRock

Smurfit Kappa Group Plc (SKG.L), an Irish packaging firm, and WestRock Company (WRK), an American corrugated packaging company, on Tuesday announced that they have inked a merger deal to form a new holding company, Smurfit WestRock. The merger is expected to add to Smurfit Kappa’s earnings per share in single digits on a pre-synergy basis […]

Diploma Acquires Distribuidora Internacional Carmen For Initial 170 Mln Pounds

Diploma PLC(DPLM), a U.K.-based industrial distributor, on Thursday announced the acquisition of Spain-based Distribuidora Internacional Carmen SAU, or DICSA, a distributor of fluid power solutions into the European aftermarket, for an initial consideration of approximately 170 million pounds or 200 million euros. The initial consideration has been paid in cash, funded from the Group’s recent […]

Thermo Fisher Scientific To Buy CorEvitas In $912.5 Mln Cash Deal

Thermo Fisher Scientific Inc. (TMO) announced Thursday that it has entered into a definitive agreement to acquire CorEvitas, LLC from Audax Private Equity for $912.5 million in cash. Waltham, Massachusetts -based CorEvitas provides regulatory-grade, real-world evidence for approved medical treatments and therapies. The transaction is expected to be completed by the end of 2023, subject […]

Inflation Reduction Act to cost US $1.2 trillion, Goldman Sachs says

video Inflation is Fed’s number one priority: Stephen Steinour Huntington Bancshares chairman and CEO Stephen Steinour weighs in on Jerome Powell’s inflation battle as the economy shows ‘increasing signs of stress’ on ‘The Claman Countdown.’ President Biden's clean-energy law will cost roughly $1.2 trillion, a figure three times more than what supporters initially claimed.  The […]

B2Gold To Acquire Sabina Gold & Silver In C$1.1 Bln All Stock Deal

B2Gold Corp. (BTG,BTO.TO) and Sabina Gold & Silver Corp. (SBB.TO) announced Monday that they have entered into a definitive agreement pursuant to which B2Gold has agreed to acquire all of the issued and outstanding shares of Sabina. The transaction will result in B2Gold acquiring Sabina’s 100% owned Back River Gold District located in Nunavut, Canada. […]

Bunzl Plc To Sell UK Healthcare Division; To Acquire Four Businesses

Bunzl Plc (BZLFY.PK,BNZL.L), a British distribution and outsourcing firm, said on Tuesday that it has agreed to sell its UK healthcare division to Mediq, a Dutch healthcare firm, for an undisclosed sum. In 2021, the division had reported revenue of 216 million pounds. In addition, the company has also announced the acquisition of four businesses. […]

MNG Airlines To Go Public Through Business Combination With SPAC Golden Falcon

MNG Havayollari ve Tasimacilik A.S., called as MNG Airlines, , a logistics provider and e-commerce enabler, Wednesday said it has entered into a definitive agreement to become publicly traded through a business combination with Golden Falcon Acquisition Corp. (GFX), a special purpose acquisition company. The transaction is expected to close in the first half of […]

North Carolina electric grid gunman knew how to disable stations: sheriff

video FOX Business Flash top headlines for December 5 Check out what’s clicking on FoxBusiness.com The person who orchestrated the shooting on North Carolina power stations, leaving nearly an entire county without electricity for a second straight day, "knew exactly" how to disable the stations, Moore County Sheriff Ronnie Fields said Monday. North Carolina Democrat […]