Merger & Acquisition News

MINNEAPOLIS--(BUSINESS WIRE)--Global media company iMedia Brands, Inc. (the “Company” or “iMedia”) (NASDAQ: IMBI, IMBIL) today announced that it has entered into an asset and equity purchase agreement (the “AEPA”) with an affiliate of RNN National Media Group (“RNN”), a privately owned portfolio of independent broadcast assets and production and distribution capabilities, to sell substantially all of the Company’s assets, including its ShopHQ Networks, 1-2-3.tv, iMDS, J.W. Hulme, and Christophe...

ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) today announced that it has successfully completed the previously announced acquisition of Renzi Foodservice, a broadline distributor located in Watertown, New York. The transaction closed today, July 7, 2023. The acquisition enables US Foods to further expand its reach into central upstate New York where the company does not have a distribution center. Terms of the transaction were not disclosed. To learn more about the Renzi...

PARIS--(BUSINESS WIRE)--Regulatory News: With exclusive negotiations with CCR beginning on 8th February of this year, the consortium made up by the SMABTP group and the MACSF group today acquired the majority shareholding of the second main French reinsurer, CCR RE (Paris:CCRAA), following relevant approvals being granted by the regulatory bodies. This represents a strategic diversification project for the two mutual insurance groups while reinsurance offers a strong development potential. The...

JERSEY CITY, N.J. & CHINO, Calif.--(BUSINESS WIRE)--Imperial Dade, a leading distributor of foodservice packaging supplies and janitorial supplies, today announced the acquisition of Atlantis Packaging (“Atlantis” or the “Company”). The transaction represents the 67th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed. Owned and operated by Eric Rodriguez, A...

AUSTIN, Texas--(BUSINESS WIRE)--Tricentis, a global leader in continuous testing and quality engineering, announced today the acquisition of Waldo, a SaaS-based, no-code, zero-footprint mobile test automation platform. Waldo complements and extends Tricentis’ mobile testing offerings with new test automation capabilities, including native, hybrid, and web mobile application testing using virtual devices supporting iOS simulators and Android emulators. Mobile applications are a central part of o...

OMAHA, Neb.--(BUSINESS WIRE)--Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced it has entered into a definitive agreement to acquire HR Products, a leading wholesale supplier of irrigation parts in Australia, expanding the Company’s geographic footprint and growing its parts presence in a key agriculture market. “Aftermarket parts and services are a critic...

SAN DIEGO--(BUSINESS WIRE)--MEI Pharma, Inc. (NASDAQ: MEIP) (the “Company”) today reminded shareholders to vote FOR the Company’s pending transaction with Infinity Pharmaceuticals, Inc. (Nasdaq: INFI) (“Infinity”) in connection with the upcoming special meeting on July 14, 2023. The Company noted that leading proxy advisory firm Glass Lewis joined ISS in recommending that shareholders vote FOR the transaction. MEI issued the following statement: MEI shareholders have the opportunity to particip...

HAMILTON, Bermuda--(BUSINESS WIRE)--July 7, 2023--Triton International Limited (NYSE: TRTN) (“Triton”) announced that it has set August 24, 2023 as the date for the special general meeting of shareholders (the “Special Meeting”) to approve the previously announced acquisition of Triton by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE: BIP, TSX: BIP.UN), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrast...

LIMA, Peru & NEW YORK--(BUSINESS WIRE)--KKR, Telefónica Hispanoamérica, and Entel today announced agreements under which KKR will acquire a majority interest in PangeaCo and the existing fiber optic networks of Telefónica del Perú and Entel Perú to build Perú’s first nationwide open access wholesale fiber optics company with the mission to bring greater access to fiber optics connectivity across the country. The transaction will combine the existing fiber optic networks of PangeaCo, Telefónica...

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced it has acquired the assets of Inland Leasing and Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with borrowings from McGrath’s revolving credit facility. The acquisition adds approximately 600 assets to McGrath’s portable storage operations in Colorado. “Our...