Menu
Search

Tag archives: Acquisition

SIG Combibloc recently announced its acquisition of Pactive Evergreen Inc"s Asia-Pacific Fresh operations (Evergreen Asia) for an enterprise value of $335 million. Headquartered in Switzerland, SIG is a global aseptic carton packaging supplier that provides packaging materials, filling equipment, and after-sales services. Evergreen Asia is a leading supplier of filling machines, cartons, closures and after-sales service in the fresh food segment in the Chinese mainland, China's Taiwan province and South Korea. "Products like fresh milk in China have developed rapidly in recent years with an annual growth rate of around 7 percent. We hope to seize the growth opportunities of

SAN FRANCISCO - Twitter announced on Monday it has accepted Tesla CEO Elon Musk"s offer to acquire the company at $54.20 a share, valuing the social media platform at $44 billion. "The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing," Twitter's Independent Board Chair Bret Taylor said. "The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders," he added. The deal is not yet done. Various regulatory and shareholder approvals are still pending and there is

JERUSALEM - Chinese heart disease treatment company Venus Medtech has acquired the Israeli company Cardiovalve for $300 million, both companies said in a joint statement on Wednesday. Founded in 2009 and headquartered in China"s eastern city of Hangzhou, Venus Medtech is a leader in transcatheter heart valvular therapies in China. Cardiovalve, established in 2017 and based in the central city of Or Yehuda, developed a technology to replace heart valves without the need for open-heart surgery and using only catheterization. The acquisition is intended to expand Venus Medtech's product layout of valve replacement and accelerate its innovation and internationalization, the