HOUSTON, Nov. 12 (Korea Bizwire) — National Energy Services Reunited Corp. (“NESR”) (NASDAQ:NESR) announced today that it has entered into definitive agreements to combine with Gulf Energy SAOC (“GES”) and National Petroleum Services (“NPS”) for an aggregate purchase price of approximately $1.1 billion, or 5.4x the Company’s estimated 2018 EBITDA. GES and NPS (collectively the [...]
MOUNTAIN VIEW, Calif. and AMSTERDAM, The Netherlands, Nov. 9 (Korea Bizwire) — Elastic, the company behind Elasticsearch, and the Elastic Stack, the most widely-used collection of open source products for solving mission-critical use cases like search, logging, and analytics, today announced that it has acquired Swiftype, a San Francisco-based startup founded in 2012 and backed [...]
BARCELONA, Spain and SAN DIEGO, Nov. 3 (Korea Bizwire) — Fluidra S.A. (BME:FDR), a Spanish listed multinational group serving the residential and commercial pool and wellness sector, and Zodiac Pool Solutions (“Zodiac”), a global manufacturer of residential pool equipment and connected pool solutions, have agreed to merge. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/06e7912f-aba7-4fa9-9241-b4d0e8ca968f [...]
VICTOR, N.Y., Oct. 30 (Korea Bizwire) — Constellation Brands (NYSE:STZ) (NYSE:STZ.B), a leading beverage alcohol company, today announced that it has signed an agreement to acquire a minority stake in Ontario, Canada-based Canopy Growth Corporation, a well-respected public company and leading provider of medicinal cannabis products. This investment and relationship is consistent with Constellation Brands’ [...]
NEW YORK, Oct. 10 (Korea Bizwire) — In 2015 and 2016, mergers and acquisitions accounted for more than $8 trillion of business value. But while extensive due diligence and planning is given to financials and other factors during the deal-making process, brand strategy considerations are often overlooked or only evaluated post-M&A. This is due, in [...]
FALLS CHURCH Va. and DULLES, Va., Sept. 18 (Korea Bizwire) — Northrop Grumman Corporation (NYSE:NOC), a leading global security company, and Orbital ATK, Inc. (NYSE:OA), a global leader in aerospace and defense technologies, today announced they have entered into a definitive agreement under which Northrop Grumman will acquire Orbital ATK for approximately $7.8 billion in [...]
SEOUL, Sept. 5 (Korea Bizwire) – Creditors of Kumho Tire Co. and China’s Qingdao Doublestar Co. failed to narrow differences on a demand by the Chinese firm to cut its bid price for a controlling stake in the South Korean tiremaker, an industry source said Tuesday. The failure is likely to lead to a termination [...]
SEJONG, Sept. 4 (Korea Bizwire) — Corporate mergers and acquisitions (M&As) by South Korean firms more than tripled in the first half of this year as a global economic recovery encouraged companies to expand their business spheres, the antitrust watchdog said Monday. The value of reported M&As reached 41.5 trillion won (US$36.6 billion) in the [...]
SEOUL, Aug. 16 (Korea Bizwire) — Chinese tiremaker Qingdao Doublestar Co. appears to be in the final stage to take over its South Korean rival — Kumho Tire Co., informed sources said Wednesday, as it has submitted documents for the government’s approval in a 955 billion won (US$857 million) deal. In March, creditors of Kumho [...]
IRVINE, Calif., Jun. 13 (Korea Bizwire) — SDC Technologies, Inc. (SDC), the recognized global leader in premium, high performance abrasion resistant coating solutions today announced the completed acquisition and merger with LTI Coating Technologies, LLC (LTI) a leader of UV-cure coating technologies. Together these companies offer innovative, premium abrasion, scratch, and chemical resistant coatings for thermal [...]