Merger & Acquisition News

CHICAGO--(BUSINESS WIRE)--CRESCO LABS ANNOUNCES EXPIRATION OF HSR ACT WAITING PERIOD FOR THE PROPOSED ACQUISITION OF CULTIVATE...

BOSTON & TORONTO--(BUSINESS WIRE)--CI Financial and Congress Wealth Management of Boston announce that Congress has acquired Pinnacle Advisory Group of Columbia, MD....

PITTSBURGH--(BUSINESS WIRE)--Intervala has acquired an electronics manufacturing business in Ohio from NEOTech, adding top-tier medical device and industrial customers....

FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire & Rubber Company (NYSE: CTB) today reported first quarter 2021 net income of $22 million, or diluted earnings per share of $0.43, compared with a net loss of $12 million, or diluted loss per share of $0.23, for the same period last year. First Quarter Highlights Global unit volume increased 16.6 percent compared to the first quarter of 2020. Net sales increased 23.3 percent from the first quarter of 2020 to $656 million. Operating profit was $38 m...

WYOMISSING, Pa.--(BUSINESS WIRE)--Penn National Gaming, Inc. (Nasdaq: PENN)(“Penn National” or the “Company”) announced today that it has established Penn Game Studios (“PGS”), an in-house content development team focused on creating exclusive iCasino content for its customers. To fuel this effort, the Company is acquiring HitPoint Studios, Inc. (“HitPoint”) and its spun-off real money gaming company, LuckyPoint Inc. (“LuckyPoint”). The acquisition is expected to close in the near term, subject...

NEW YORK & LONDON--(BUSINESS WIRE)--Genius Sports Limited (NYSE: GENI) (“Genius Sports” or “the Company”), the official data, technology and commercial partner that powers the ecosystem connecting sports, betting and media, announced today that it has agreed to acquire FanHub Media Holdings Pty Ltd (“FanHub”), a leading provider of free-to-play (F2P) games and fan engagement solutions. Deal terms were not disclosed. FanHub, founded in 2012, provides a suite of technology solutions built around...

BURLINGTON, N.C.--(BUSINESS WIRE)--Labcorp (NYSE: LH), a leading global life sciences company, today announced that it has entered into a definitive agreement to acquire select operating assets and intellectual property (IP) from Myriad Genetics’ autoimmune business unit, including the Vectra® rheumatoid arthritis (RA) assay. More than one million Vectra tests have been completed since the product’s launch in November 2010, and a meaningful portion of testing volume currently flows through Labc...

RESEARCH TRIANGLE PARK, N.C. & BASEL, Switzerland--(BUSINESS WIRE)--Aceragen, Inc., a biopharmaceutical company focused on advancing transformational therapeutics for rare and ultra-rare diseases, today announced the acquisition of Enzyvant’s RVT-801 (now ACG-801), an investigational enzyme replacement therapy (ERT) for acid ceramidase deficiency presenting as Farber disease, a lysosomal storage disease with a unique, severe inflammatory phenotype for which no disease-specific therapy exists. E...

NEW YORK & LEAMINGTON, Ontario--(BUSINESS WIRE)--Tilray, Inc. (“Tilray”) and Aphria Inc. (“Aphria”) today announced the completion of the previously announced business combination, ushering in a new era in the global cannabis industry. The combined company, which will operate as Tilray (the “Company”), brings together two highly complementary businesses to create the leading cannabis-focused consumer packaged goods (“CPG”) company with the largest global geographic footprint in the industry. Th...

LOS ANGELES & PARIS--(BUSINESS WIRE)--OpenGate Capital completes sale of Bois & Matériaux to Chausson Matériaux....