Merger & Acquisition News

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will transfer its building systems business and assets, including the manufacture and sales of elevators and escalators, to its wholly-owned subsidiary Mitsubishi Electric Building Techno-Service Co., Ltd. (MELTEC). The transfer will be achieved by means of an absorption-type company split (“Company Split”); certain information is accordingly being omitted from this announcement. 1. Purpose of Company...

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, has completed the acquisition of Farrar Scientific, which the company announced in a press release on September 13, 2021. Farrar Scientific is a critical supplier for bioscience and biopharmaceutical customers that provides proprietary technology to fill an unmet need for flexible, modular, and efficient ultra-low temperature processing and storage, including cooling and heating/thawing. “We are delight...

ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that Bakkt Holdings, LLC (“Bakkt”), the transformative digital asset marketplace launched in 2018 by ICE and a marquee group of investors and strategic partners, has completed its merger with VPC Impact Acquisition Holdings (NASDAQ: VIH), and will begin trading as a public company on the New York Stock Exchange on Monday, Octo...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, LLC, the digital asset marketplace founded in 2018, announced today that it has completed the previously announced business combination (the “Business Combination”) with VPC Impact Acquisition Holdings, a special purpose acquisition company (“VIH”) (Nasdaq: VIHAU, VIH and VIHAW). The combined company now operates as Bakkt Holdings, Inc. (“Bakkt,” the “Company”), and Bakkt’s shares of Class A common stock and warrants will begin trading on the Ne...

DALLAS--(BUSINESS WIRE)--Capstead Mortgage Corporation (NYSE: CMO) (“Capstead”) announced that at its special meeting of stockholders held today, conducted by means of a virtual meeting held live over the internet, Capstead stockholders approved the merger transaction (the “Merger”) in which Capstead will merge with and into Rodeo Sub I, LLC (“Merger Sub”), a wholly-owned subsidiary of Franklin BSP Realty Trust, Inc. (f/k/a Benefit Street Partners Realty Trust, Inc.) (“FBRT”), pursuant to the p...

ST. LOUIS--(BUSINESS WIRE)--Perficient today announced the acquisition of Overactive, a nearshore software development firm based in Montevideo, Uruguay....

DALLAS--(BUSINESS WIRE)--Diversified Systems, a Generational Equity client, was acquired by Integrated Fire & Security Solutions, a holding of Newlook Capital....

NEW YORK & HONG KONG--(BUSINESS WIRE)--Treadwell Therapeutics acquires TCRyption, Inc., a novel TCR-based cell therapy company, adding to its growing pipeline of first in class agents....

SANTA MONICA, Calif.--(BUSINESS WIRE)--Clearlake’s investment will accelerate Cornerstone’s innovation with the aim of helping organizations and their people grow and succeed, together...

DALLAS--(BUSINESS WIRE)--Hampton Roads Mechanical of Virginia, a Generational Equity client, was acquired by Amalgam Capital....