Merger & Acquisition News

OXFORD, Conn.--(BUSINESS WIRE)--RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today announced that it has entered into a definitive agreement to acquire the DODGE mechanical power transmission division (“DODGE”) of Asea Brown Boveri Ltd (“ABB”) for $2.9 billion in cash. The purchase price represents 16.7x DODGE’s adjusted EBITDA for the 12 months ended Ju...

NEW YORK & DALLAS--(BUSINESS WIRE)--Benefit Street Partners Realty Trust, Inc. (“BSPRT”), a publicly-registered, non-listed real estate investment trust (“REIT”), and Capstead Mortgage Corporation (NYSE: CMO) (“Capstead”), a REIT, today announced they have entered into a definitive merger agreement. Under the terms of the agreement, Capstead common stockholders will receive a cash payment equal to a 15.75% premium to Capstead’s diluted book value per share and shares of BSPRT common stock calcu...

HOUSTON--(BUSINESS WIRE)--Microvast, Inc. ("Microvast" or the "Company"), a leading global provider of next-generation battery technologies for commercial and specialty vehicles, today announced that it has completed its previously announced business combination with Tuscan Holdings Corp. (Nasdaq: THCB) ("Tuscan"). The business combination was approved at a special meeting of stockholders on July 21, 2021, resulting in the combined company being renamed “Microvast Holdings, Inc.”, with its comm...

VIENNA, Va. & RESTON, Va.--(BUSINESS WIRE)--NavSight Holdings, Inc. (NYSE: NSH, “NavSight”), a publicly-traded special purpose acquisition company, and Spire Global, Inc. (“Spire”), a leading provider of space-based data, analytics and space services, today announced that NavSight’s registration statement on Form S-4 (File No. 333-256112), relating to the previously announced merger of NavSight and Spire (the “Business Combination”) has been declared effective by the U.S. Securities and Exchang...

LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, has signed a contract with Mpac Lambert for the supply of the casting and unit cell assembly equipment package to the battery cell production line at FREYR’s Customer Qualification Plant (“CQP”) in Mo i Rana, Norway. Preparatory work on the facility is already ongoing with a targeted start of initial operations in the second half of 2022. Mpac Lambert, a UK-based develop...

WALTHAM, Mass.--(BUSINESS WIRE)--PerkinElmer has entered into an agreement to acquire BioLegend, a leading, global provider of life science antibodies and reagents....

DENVER--(BUSINESS WIRE)--ModivCare Inc. (“ModivCare” or the “Company”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions focused on improving patient outcomes, today announced that the Company has signed a merger agreement to acquire CareFinders Total Care LLC (“CareFinders”). CareFinders is a personal care provider in the Northeast, with a scaled presence in New Jersey, Pennsylvania, and Connecticut. CareFinders deliv...

LONDON--(BUSINESS WIRE)--Kanabo Group Plc (LSE:KNB) (“Kanabo” or the “Company”), the first medical cannabis company to IPO on London Stock Exchange, has signed a Letter of Intent to acquire Materia, a leading processor and distributor of medical cannabis and CBD wellness products across Europe. Kanabo’s Board of Directors (the “Board”) has been actively exploring new partnerships and opportunities to accelerate Kanabo’s growth and market penetration. The Board believes that Materia’s complement...

BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (“DigitalBridge”) (NYSE: DBRG) today announced the acquisition of the data center business of PCCW Ltd. by funds affiliated with DigitalBridge’s investment management platform. PCCW DC is one of the region’s leading colocation data center businesses, serving global hyperscale and large enterprise customers via a rapidly growing network of facilities based principally in Hong Kong, which is a long standing financial center and key conn...

TORONTO--(BUSINESS WIRE)--Biomind Labs Inc. (formerly Crosswinds Holdings Inc.) (the “Company”), announces that it has completed its previously announced acquisition of all of the outstanding shares of BioMind Research Corp (“Biomind”), a biotech research and development company aimed at transforming biomedical sciences knowledge from natural psychotropic plants into novel pharmaceutical drugs and innovative nanotech delivery systems for a variety of psychiatric and neurological conditions (the...