Merger & Acquisition News

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Diversicare Healthcare Services, Inc. (the “Company”) (OTCQX: DVCR), a premier provider of long-term care services, today responded to the August 19, 2021, letter received from MCS Plan and Ephram Lahasky (the “Reporting Persons”) pursuant to which the Reporting Persons informed the Company of their interest in acquiring control of the Company. The letter from DAC Acquisition LLC, which is an entity managed by Mr. Lahasky, proposes to acquire all of the outsta...

BOSTON & LONDON--(BUSINESS WIRE)--LumiraDx and CA Healthcare Acquisition Corp Revise Transaction Terms, Expanded Strategic Roadmap for Next-Generation Point-of-Care Diagnostics...

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric Power Products, Inc. and Mitsubishi Electric Corporation announced the deal to acquire UK-based Smarter Grid Solutions has close...

LOS ANGELES--(BUSINESS WIRE)--Xos, Inc. (“Xos”), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, today announced that it has completed its previously announced business combination with NextGen Acquisition Corporation (NASDAQ: NGAC, “NextGen”) to take Xos public. The combined company has been renamed “Xos, Inc.” and its shares will commence trading on the Nasdaq Capital Market on August 20, 2021 under the ticker symbol “XOS”. NextGen’s shareholders approved the...

LONDON--(BUSINESS WIRE)--Regulatory News: Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today noted that Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman issued the following letter. August 19, 2021 Dear Pershing Square Tontine Holdings, Ltd. Shareholder, A purported shareholder filed a lawsuit on August 17th claiming that PSTH has been operating as an illegal investment company because, among other claims, PSTH invested its IPO proceeds in securities (short-term...

HOUSTON--(BUSINESS WIRE)--Community Minerals, LLC (“Community Minerals”) is pleased to announce it has closed a transformational acquisition of a mineral and royalty portfolio spanning 16 US states, 167 counties and 77 oil and gas operators. The acquisition contains hundreds of producing wells and spans all major North American basins including the Permian Basin, Eagle Ford Shale, and Williston Basin. Notwithstanding the immense complexity of this acquisition, the Community Minerals team was ab...

SAN FRANCISCO & Remote-First-Company / ST. LOUIS--(BUSINESS WIRE)--TPG Pace Tech Opportunities (NYSE: PACE), today announced that its registration statement on Form S-4 (the “Registration Statement”) in connection with its previously announced proposed business combination (the “Business Combination”) with Nerdy (“the Company” or “Nerdy”), a leading platform for delivering live online learning, has been declared effective by the U.S. Securities and Exchange Commission (“SEC”). The Registration...

SAN JOSE, Calif.--(BUSINESS WIRE)--Adobe (Nasdaq:ADBE) today announced it has entered into a definitive agreement to acquire Frame.io, a leading cloud-based video collaboration platform. With over a million users across media and entertainment companies, agencies, and global brands, Frame.io streamlines the video production process by enabling video editors and key project stakeholders to seamlessly collaborate using cloud-first workflows. The combination of Adobe’s industry-leading creative so...

NEW YORK--(BUSINESS WIRE)--SGHC Limited (“SGHC”, “Super Group” or the “Company”), the parent company of global online sports betting and gaming businesses operating Betway, a premier online sports betting brand, and Spin, a multi-brand online casino offering, today commented on preliminary 1H21 financials and reiterated its full-year 2021 financial outlook. The Company also commented on the expected timing of filing their preliminary proxy on Form F-4. Neal Menashe, CEO of Super Group, commente...

HOUSTON--(BUSINESS WIRE)--North American Pipe Corporation (NAPCO), a subsidiary of Westlake Chemical Corporation (NYSE: WLK), today announced that it acquired LASCO Fittings LLC, a Brownsville, Tennessee-based, leading designer, engineer and manufacturer of injected-molded PVC fittings, from Aalberts, NV. “We are pleased to complete this important strategic acquisition and to welcome LASCO Fittings and its talented team into the Westlake family of companies,” said Andre Battistin, vice presiden...