Merger & Acquisition News

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Canada Limited, an indirect subsidiary of Chevron Corporation (“Chevron”), announced today that it and a related entity have entered into a definitive agreement to sell their 20 percent non-operated interest in the Athabasca Oil Sands Project, 70 percent operated interest in the Duvernay shale, and related interests, all located in Alberta, Canada, to Canadian Natural Resources Limited. The US$6.5 billion all-cash transaction has an effective date of...

PARIS--(BUSINESS WIRE)--Bureau Veritas, a global leader in Testing, Inspection, and Certification services, today announced the acquisition of IDP Group, a leading independent provider of BIM (Building Information Modeling), Project Management Assistance and Digital Twin services for the public and private sector, with strong positioning in decarbonization and other high-value verticals. This acquisition is aligned with Bureau Veritas LEAP | 28 strategy to expand leadership in B&I, while in...

MUNICH & GENEVA, Switzerland--(BUSINESS WIRE)--Today, Mytheresa (NYSE:MYTE) and Richemont (SWX:CFR) announce that they have entered into binding agreements for the acquisition of 100% of the share capital of YNAP by Mytheresa. The transaction aims to create a leading, global, multi-brand digital luxury group offering a highly curated and strongly differentiated edit of the most prestigious luxury brands and products to luxury enthusiasts worldwide. Transaction Rationale Mytheresa and YNAP have...

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto today confirmed that it has made an approach to Arcadium Lithium regarding a potential acquisition of Arcadium Lithium by Rio Tinto. The approach is non-binding and there is no certainty that any transaction will be agreed to or will proceed. Rio Tinto will not make further comment until or unless an update is appropriate. IMPORTANT INFORMATION This communication is not intended to and does not constitute an offer to buy or the solicitation of an...

ANOKA, Minn. & GREENWICH, Conn.--(BUSINESS WIRE)--Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE: VSTO), and Strategic Value Partners, LLC, (together with its affiliates, “SVP” or the “firm”), a global alternative investment firm with approximately $19 billion of assets under management, today announced that they have entered into an agreement under which SVP-managed funds will...

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) (NYSE: VSTO) today announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion (the “SVP Transaction”). In connection with the SVP Transaction, Vista Out...

HOUSTON--(BUSINESS WIRE)--Tellurian Inc. (“Tellurian”) (NYSE American: TELL) today announced that its stockholders have approved the Merger Agreement Proposal, as defined in Tellurian’s proxy statement, filed with the Securities and Exchange Commission (the “SEC”) on August 27, 2024, for its Special Meeting of Stockholders. About Tellurian Inc. Tellurian aims to generate shareholder value by establishing a competitive LNG enterprise, effectively supplying natural gas to customers worldwide. Hea...

DALLAS--(BUSINESS WIRE)--After months of negotiation, Dallas-based FBFK Law announced the official acquisition of client, IP Supplier Aragio Solutions, by Fabless ASIC services and IP provider Faraday Technology. The deal team, led by Michael Walenciak, closed for $20 million and structurally allows for Aragio Solutions’ existing leadership to autonomously run the company. According to Michael, Taiwan-based Faraday Technology purchased Aragio Solutions through a wholly owned subsidiary, Sheng B...

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Addison Capital Partners (“ACP”) announced today that Communication Power Companies (“CPC” or the “Company”), an ACP portfolio company, has partnered with Innovative Power Products Inc. (“IPP”) management to recapitalize the Company. Financial terms of the transaction were not disclosed. IPP is a premier design build manufacturer of custom and standard, high power, RF and microwave passive components, founded in 2005 and headquartered in Hauppauge, NY. Ar...

CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. (“Coeur”) (NYSE: CDE) and SilverCrest Metals Inc. (“SilverCrest”) (TSX: SIL; NYSE American: SILV) announce that they have entered into a definitive agreement (the “Agreement”) whereby, a wholly-owned subsidiary of Coeur will acquire all of the issued and outstanding shares of SilverCrest pursuant to a court-approved plan of arrangement (the “Transaction”). Under the terms of the Agreement, SilverCrest shareholders will receive 1.6022 Coeur common sha...