Confluence Outdoor, the industry’s leading watersports company, has acquired Boardworks, a premier surf and stand up paddle board company based in Carlsbad, California.
Boardworks’ product line includes paddle boards, surf boards, paddles, and accessories under theBoardworks brand name as well as Infinity, Badfish,Morrelli & Melvin, Hynson, Strive, and Hansen.
“We have been carefully and patiently watching the SUP market since it emerged as a growth category in our industry several years ago,” said Sue Rechner, President and CEO of Confluence Outdoor. “We knew SUP would be an integral part of our strategic plan, and we have enjoyed watching the success of Boardworks as we worked towards entering this category. Boardworks has established itself as a true leader and innovator and we are excited to welcome them into the Confluence family of brands. We know this new partnership will provide an even more well-rounded set of offerings to our consumers and will enhance our ability to foster passion and enthusiasm for outdoor adventure.”
Posted in 2015 Recap, Breaking news, Commodities, Economy, emerging markets, Events, Finance
Tagged and Hansen, Badfish, Boardworks, Confluence Outdoor, Cory, Golden Networking, Hargreaves & Savitch LLP, Hynson, Infinity, J.H. Whitney, M&A Merger and Acquisition, Mike Fox, Modern Finance Report, Morrelli & Melvin, Moss Adams Capital, Owner of Boardworks, Procopio, Strive, Sue Rechner, SUP
Walgreen Co. and Alliance Boots GmbH today completed Step 2 of their strategic partnership to form Walgreens Boots Alliance, Inc. (Nasdaq:WBA), finalizing the two-step merger launched in 2012 to create the world’s first global pharmacy-led, health and wellbeing enterprise.
Under a reorganization merger agreement approved earlier this week by Walgreens shareholders, Walgreens is now a wholly owned subsidiary of Walgreens Boots Alliance, Inc. Existing shares of Walgreens common stock were converted automatically into shares of Walgreens Boots Alliance common stock on a one-for-one basis. Walgreens Boots Alliance common stock will trade on the Nasdaq stock exchange under the symbol WBA.
The new global enterprise combines Walgreens, the largest drugstore chain in the USA; Boots, the market leader in European retail pharmacy; and Alliance Healthcare, the leading international wholesaler and distributor. Together, Walgreens Boots Alliance spans more than 25* countries, with over 12,800* stores, over 370,000* employees and more than 340* pharmaceutical distribution centers serving more than 180,000† pharmacies and other points of care. The merger also brings together a unique brand portfolio of outstanding retail, wholesale, service and product brands, alongside the world’s largest pharmaceutical wholesale and distribution network. Walgreens Boots Alliance will be domiciled in the United States and headquartered in Deerfield, Ill.
Posted in 2015 Recap, Bond Market, Breaking news, Commodities, Corporate Finance, Economy, emerging markets, Events, Finance
Tagged Alliance Boots GmbH, Deerfield, global pharmacy-led, Golden Networking, Greg Wasson, health and wellbeing enterprise., Ill, Merger and Acquisition, Modern Finance Report, Nasdaq stock exchange, retail, service, Stefano Pessina, Walgreens, WBA, Wholesale
Effective immediately, Delta Gold Corporation (TSX VENTURE:DLT) (“Delta Gold”) and Commonwealth Silver and Gold Mining Inc. (“Commonwealth Silver”), a privately-held company incorporated under the federal laws of Canada, have agreed to mutually release one another and terminate their Arrangement Agreement dated June 6, 2014 and subsequent amendments (the “Agreement”) with respect to a proposed business combination (the “Transaction”) that would have resulted in a reverse takeover of Delta Gold by Commonwealth Silver.
The Transaction was subject to a number of conditions and approvals, which included approval by the respective shareholders of Delta Gold and Commonwealth Silver, Court approval and the parties satisfying the conditions of the TSX Venture Exchange, which included the completion of a concurrent minimum equity financing on acceptable terms.
Posted in 2015 Recap, Bond, Bond Market, Breaking news, Commodities
Tagged Binding Agreement, Business Combination, Commonwealth Silver., Delta Gold Corporation and Commonwealth Silver and Gold Mining Inc., Merger and Acquisition, Modern Finance Report, privately-held company, TSX Venture Exchange
In the first session of the week, a flurry of M&A news offered a welcome distraction from the dire economic consequences of the ever sliding price of crude oil and the run on commodities, but the Footsie nevertheless closed at a two-week low.
Vodafone fell 6.75p to 227.2p on unconfirmed reports the telecoms group is considering acquiring Liberty Media.
However, Balfour Beatty was in demand after receiving a £1billion approach for its lucrative Public Private Partnership division from the John Laing Infrastructure Fund, which intends to finance the offer with a major rights issue. Shares were up 7.8p to 191.1p.
Posted in 2015 Recap, Breaking news, Commodities, Corporate Finance, emerging market, equity capital market, Equity Markets, equity trading, Events, M&A, Mergers and Acquisitions
Tagged Asia-focused Cathay Pacific, Balfour Beatty, British Airways, Citigroup, crude- oil, David Madden, FTSE, Golden Networking, JKX Oil & Gas, JP Morgan, Liberty Media, Modern Finance Report, OPEC, PetroCeltic, RBC, Saudi Arabia, SkyePharma, ucrative Public Private Partnership division
GDM currently works with companies including Microsoft, Coral, Lufthansa, IBM, Virgin Active and Audi. All 42 staff at GDM will be retained, bringing Ve’s total staff numbers to over 500, working in 18 offices worldwide.
GDM, which specialises in performance trading and real-time biddable media, will now offer clients the VePlatform to acquire, engage and convert customers at every stage of the e-commerce journey, in addition to a complete digital advertising service.
David J. Brown, CEO and co-founder of Ve, said: ‘What sets GDM apart from other ad tech companies is the incredible skill set and expertise of its staff. With all 42 of GDM’s talented staff on board, Ve will be able to expand its digital marketing offering rapidly.
Posted in 2015 Recap, Breaking news, Chief Executive Officer, Commodities, Corporate Finance, emerging markets, equity capital market, equity trading, Events, Finance
Tagged Active and Audi, Coral, David J. Brown, Ed Stevens, GDM, Golden Networking, Hong Kong and Melbourne, IBM, Lufthansa, M&A, Microsoft, Modern Finance Report, multi award-winning UK tech, real-time biddable media, Shanghai, Singapore, Ve, Ve’s Japanese office, Vietnam, Virgin