Merger & Acquisition News

GEORGETOWN, Texas--(BUSINESS WIRE)--ZT Systems, a global leader in advanced server solutions for cloud computing and artificial intelligence, is proud to announce the acquisition of their future cutting-edge manufacturing site in the Greater Austin, Texas area. Expected to employ over 1,500 highly skilled individuals at full capacity later in 2024, this state-of-the-art facility signifies ZT’s unwavering commitment to US job creation, innovation, and delivering unparalleled server solutions to...

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Oak Street Health property for $2.4 million. The property is located in a highly trafficked corridor in Arkansas and is corporate-operated under a long-term, net lease. The transaction was priced at a cap...

DALLAS--(BUSINESS WIRE)--Arcis Golf—the second largest and fastest-growing owner and operator of golf facilities in the United States—has acquired Champions Retreat Golf Club near Augusta, Georgia. The transaction closed today; Arcis Golf assumes operations on October 13. Champions Retreat, a 27-hole private club located just 15 miles from Augusta, brings together the creativity of three icons of the game, Jack Nicklaus, Arnold Palmer, and Gary Player. Each designer masterfully sculpted his own...

TORRANCE, Calif. & MELVILLE, N.Y.--(BUSINESS WIRE)--Oct. 12, 2023-- Stellant Systems, Inc. (Stellant) and Comtech Telecommunications Corp. (NASDAQ: CMTL) (Comtech) today announced the companies entered into a definitive agreement under which Stellant will acquire Comtech’s Power Systems Technology (PST) product line for a total cash purchase price of $40 million, which includes a preliminary sales price of $35 million and contingent consideration up to $5 million based on the achievement of cer...

RICHMOND, Va.--(BUSINESS WIRE)--LL Flooring Holdings, Inc. (“LL Flooring” or “Company”) (NYSE: LL) today confirmed that it has received an unsolicited, non-binding proposal from Live Ventures Incorporated (“Live Ventures”) to acquire all of the outstanding shares of the Company for $5.85 per share in cash. As previously announced, LL Flooring’s Board of Directors has initiated an exploration of strategic alternatives in response to receipt of multiple inbound expressions of interest regarding a...

OVERLAND PARK, Kan.--(BUSINESS WIRE)--The combined companies will work together to bolster providers’ ability to improve financial performance and succeed in value-based care arrangements....

LAS VEGAS--(BUSINESS WIRE)--Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company specializing in the retail and flooring industries, today released the below correspondence sent to LL Flooring Holdings, Inc. (NYSE: LL), which details Live Ventures Incorporated’s $5.85 per share all-cash acquisition proposal. *** October 11, 2023 Board of Directors (the “Board”) LL Flooring Holdings, Inc. 4901 Bakers Mill Lane Richmond, Virginia 23230 Attn: Nancy M. Taylor, Chairperson of the...

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Acquires Courtyard and Hyatt House in Downtown Salt Lake City and Announces Two Additional Hotels Under Contract for Purchase...

Team Anywhere/SAN FRANCISCO--(BUSINESS WIRE)--Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced it has entered into a definitive agreement to acquire Loom, the video messaging platform that has amassed more than 25 million users and was named among the top 50 of Fast Company’s World’s Most Innovative companies in 2023. The global movement towards distributed work has fueled a need for new ways to help teams collaborate when...

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM) (“Rithm”) and Sculptor Capital Management Inc. (NYSE: SCU) (“Sculptor”) today announced that they have amended the terms of their previously announced definitive merger agreement (the “Amended Agreement”), pursuant to which Rithm will acquire Sculptor. Under the Amended Agreement, which has been unanimously approved by the boards of directors of both companies, Sculptor Class A stockholders will receive $12.00 per share, representing a...