Merger & Acquisition News

NEW YORK & CHICAGO--(BUSINESS WIRE)--BlackRock (NYSE: BLK) has agreed to acquire the remaining equity interest in SpiderRock Advisors (“SRA”), a leading provider of customized option overlay strategies in the U.S. wealth market. This transaction expands on BlackRock’s minority investment in SRA made in 2021 and reinforces BlackRock’s commitment to personalized separately managed accounts (SMAs). “By giving BlackRock more SMA capabilities, this acquisition will enable us to meet growing demand f...

TORONTO--(BUSINESS WIRE)--(Block Height: 833,510) – Cathedra Bitcoin Inc. (“Cathedra” or the “Corporation”) (TSX-V: CBIT; OTCQB: CBTTF), a diversified bitcoin mining company, is pleased to announce that it has entered into a binding share exchange agreement (the “Share Exchange Agreement”) dated March 6, 2024, providing for a merger with Kungsleden, Inc. (“Kungsleden”), a developer and operator of alternative high-density compute infrastructure. Pursuant to the Share Exchange Agreement, it is e...

SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“TCPC”)(NASDAQ: TCPC) and BlackRock Capital Investment Corporation (“BCIC”)(NASDAQ: BKCC) announced today that the shareholders of each business development company (“BDC”) have voted to approve the necessary proposals related to the merger of TCPC and BCIC at each company's special meeting of shareholders held on March 7, 2024. Shareholders voted overwhelmingly in favor of the proposed transaction, as more than 90% of sharehol...

CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water announced today it has signed an agreement to acquire the wastewater collection system (commonly referred to as the sewer system) of the Borough of Manville, N.J. for $6.5 million. This municipally owned system serves approximately 3,700 customers, most of whom already receive water service from New Jersey American Water. The agreement follows a voter referendum that took place in November 2023, in which over 80 percent of the voters appr...

ALAMEDA, Calif.--(BUSINESS WIRE)--Astra Space, Inc. (“Astra” or the “Company”) (Nasdaq: ASTR) announced today that it has entered into a definitive merger agreement pursuant to which the acquiring entity (the “Parent”) has agreed, subject to customary closing conditions, to acquire all shares of Astra common stock not already owned by it for $0.50 per share in cash. On March 6, 2024, the closing price of Astra’s Class A common stock was $0.86 per share. The Parent was formed by Chris Kemp, Astr...

HOUSTON & LOS ANGELES--(BUSINESS WIRE)--Johnson Downie and Lippman Jungers, the world's leading legal search firms, announced their strategic merger today....

DALLAS--(BUSINESS WIRE)--Artic Air, a Generational Equity client, was acquired by Lunchpail Service Partners....

SOMERSET, N.J.--(BUSINESS WIRE)--SHI International, one of the world’s leading technology solutions providers, has acquired Moot Inc., a cybersecurity firm that provides automated security solutions to help customers optimize the potential value of existing IT assets. Moot introduces automation that can significantly reduce security costs by eliminating human error, R&D, implementation, support, and much more. The platform orchestrates security workflows like baselines, privileged security,...

WICHITA, Kan.--(BUSINESS WIRE)--Yingling Aviation (“Yingling”), a leading, full-service provider of maintenance, repair, and overhaul (MRO) and fixed-base operation (FBO) services to business and general aviation customers throughout the United States, announced that it has acquired Mid-Continent Aviation Services (“MCAS”), a full-service MRO also located at Wichita’s Dwight D. Eisenhower National Airport (ICT). Financial terms of the transaction were not disclosed. Founded in 2010, MCAS provid...

KANSAS CITY, Mo. & CHICAGO--(BUSINESS WIRE)--Leading independent agencies Barkley and OKRP announced today they have merged to become BarkleyOKRP. This new entity combines two of the fastest-growing agencies in the U.S., both with proven track records for creating work that sparks with consumers and drives out-sized results for clients. With more than 650 employees across five offices in Chicago, Kansas City, Denver, New York and Pittsburgh, BarkleyOKRP is now one of the largest independent age...