Merger & Acquisition News

FALLS CHURCH, Va.--(BUSINESS WIRE)--BAE Systems plc (“BAE Systems” or the “Company”) announces that it has entered into a definitive Stock Purchase Agreement to acquire the Ball Aerospace business from Ball Corporation for c.$5.55bn in cash, subject to customary closing adjustments. The proposed stock transaction will be treated as an asset purchase for federal tax purposes, with an expected net present value tax benefit of c.$750m making the underlying economic consideration for the business c...

FALLS CHURCH, Va.--(BUSINESS WIRE)--BAE Systems today announced a definitive agreement for the proposed acquisition of Ball Aerospace for approximately $5.55 billion. The Ball Aerospace legacy of achieving advances in national security space architecture, mission-enabling technologies, and scientific discoveries are complementary to BAE Systems’ portfolio and culture. The proposed acquisition of Ball Aerospace represents an exceptional opportunity to acquire a high quality, technology-based bus...

ISTANBUL--(BUSINESS WIRE)--Param, Turkey's biggest FinTech, is entering the European market with the acquisition of leading CEE Buy Now, Pay Later (BNPL) provider Twisto. Setting the scene for wider global expansion, Param is introducing its technology and integrated embedded finance products and services to Europe. One of the first Czech FinTechs, Twisto was acquired from previous proprietor Zip Co for an undisclosed sum. The transaction reinforces the company’s future, providing it with finan...

NEW YORK--(BUSINESS WIRE)--Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company” or “AGAE”), a global experiential entertainment company, today announced a strategic investment in Beijing Lianzhong Zhihe Technology Co. (“Zhihe”), a prominent mobile games developer and operator with proven distribution capabilities. AGAE will assume a controlling interest in the Board and become the Company’s largest shareholder. Founded in Beijing in April, 2022, Zhihe has rapidly emerged as a t...

CARLSBAD, Calif.--(BUSINESS WIRE)--MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, commented on the recent announcement from Silicon Motion (Nasdaq: SIMO) regarding MaxLinear’s July 26, 2023 termination of the parties’ merger agreement (the “Merger Agreement” or “Agreement”). As previously disclosed, MaxLinear terminated the Merger Agreement on multiple grounds, including that Silicon Motion has experienced a mater...

RANDOLPH, Ohio--(BUSINESS WIRE)--Fultra®, the parent company of Fruehauf®, is pleased to announce that it has acquired East® Manufacturing, a premier manufacturer of aluminum flatbed, drop deck, dump, round bottom and refuse trailers as well as steel dump trailers and aluminum truck bodies. Founded in 1968, East is the market leader in innovation consistently providing the North American commercial vehicle market with the industry’s strongest, most reliable aluminum trailers commanding the high...

NAPERVILLE, Ill. & PLEASANTON, Calif.--(BUSINESS WIRE)--SpringML, a technology services company with leading cloud, data engineering, analytics and artificial intelligence (AI) capabilities, today announced its merger with Egen, a cloud migration, application modernization and platform engineering provider. The combination of Egen's cloud and platform engineering expertise with SpringML’s data, analytics and AI capabilities creates a provider with end-to-end capabilities across the cloud, data,...

NEW ORLEANS--(BUSINESS WIRE)--Jeff Strain (co-founder ArenaNet, co-founder Undead Labs, Crop Circle Games, Possibility Space, co-founder and President of Studios, Prytania Media) and Annie Delisi Strain (co-founder Undead Labs, Crop Circle Games, Possibility Space, co-founder and CEO Prytania Media) are delighted to publicly reveal two AAA additions to the Prytania Media family of studios. Fang & Claw is creating the next evolution of fantasy combat sports for the rapidly growing competitiv...

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--Duravant LLC (“Duravant”), a global engineered equipment and automation solutions provider to the food processing, packaging, and material handling sectors, announced today that it has acquired National Presort, LP (“NPI”), a leading manufacturer of automated parcel sortation systems headquartered in Fort Worth, TX. For over 45 years, NPI has served e-commerce, courier, parcel post, warehouse and fulfillment operations with advanced turnkey equipment soluti...

BUCHAREST, Romania & SANTA CLARA, Calif.--(BUSINESS WIRE)--Bitdefender announces the completed acquisition of Horangi Cyber Security....