Highlights: October 30, 2023 - November 4, 2023
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Ahold Delhaize buys Romanian grocer Profi Rom Food for $1.37 bln
Ahold Delhaize announced that it has agreed to acquire 100% of Romanian grocery retailer Profi Rom Food from MidEuropa subject to approval from the regulatory authorities....Lufthansa seeking to enlist more than 2,000 new pilots
The Lufthansa Group is seeking to enlist more than 2,000 new pilots between now and the end of 2025 to serve on its airlines' growing aircraft fleets....Throughput in port of Rotterdam falls by 6.0%
In the first nine months of 2023, there was 6% less throughput in the port of Rotterdam: 329.9 million tonnes compared to 351.0 million tonnes in the same period in 2022....Port Houston loaded exports highest on record
Port Houston has once again experienced a significant increase in loaded exports through its Bayport and Barbours Cut Container Terminals....Southwest Airlines orders 108 additional Boeing 737 MAX jets
Boeing and Southwest Airlines announced today the carrier is increasing its commitment to the 737 MAX family with an order for 108 737-7s....Lumentum to acquire Cloud Light Technology for about $750m
Lumentum is acquiring Cloud Light Technology in a deal valued at about $750m....Realty Income to acquire Spirit Realty Capital for $5.3 billion
Realty Income, an owner of convenience stores, warehouses and other commercial real estate, agreed to acquire Spirit Realty Capital for $5.3 billion in an all stock transaction....United Therapeutics to acquire Miromatrix Medical for $91 million plus bonus
United Therapeutics and Miromatrix Medical announced a definitive agreement for United Therapeutics to acquire Miromatrix....Clariant to acquire Lucas Meyer Cosmetics for $810 million
Clariant, a specialty chemical company, announced that it has agreed to acquire Lucas Meyer Cosmetics, a provider of high value ingredients for the cosmetics and personal care industry, for a total cash consideration of USD 810 million on a debt free, cash free basis, equivalent to an EV/ reported EBITDA multiple (LTM August 2023) of 16.3x....Samsung Q3 income declined by 39.84%
Samsung reported that its third quarter net income attributable to shareholders of parent company declined by 39.84% to 5.50 trillion Korean won from 9.14 trillion won last year....Marathon Petroleum income $3.3 billion
Marathon Petroleum reported net income attributable to MPC of $3.3 billion, or $8.28 per diluted share, for the third quarter of 2023, compared with net income attributable to MPC of $4.5 billion, or $9.06 per diluted share, for the third quarter of 2022....Vodafone entered into agreements with Zegona Communications for sale of Vodafone Spain for €4.1 billion
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AMETEK to acquire Paragon Medical for $1.9 billion in cash
AMETEK entered into a definitive agreement to acquire Paragon Medical from affiliates of American Securities in an all cash transaction valued at approximately $1.9 billion....McNeilus Steel to expand in Tennessee with new location in Warren County, create 55 new jobs
McNeilus Steel will invest $23.4 million to expand its presence in Tennessee by locating new operations in Morrison....Bombardier Q3 revenues up 28%
Bombardier reported solid financial results for the third quarter 2023....Neste announces restructuring plans, to cut 400 jobs
Neste plans to simplify its organizational structure and its operational model to secure the execution of its growth strategy....ConocoPhillips Q3 profit down to $2.8 billion
ConocoPhillips Thursday reported third quarter earnings of $2.8 billion or $2.32 per share, lower than last year's earnings of $4.5 billion or $3.55 per share....Moderna slips to $3.63 billion loss in Q3
Moderna reported Thursday that its third quarter net loss was $3.63 billion, compared to prior year's net income of $1.04 billion....Walt Disney to acquire 33% stake in Hulu from Comcast for approximately $8.6 billion
Walt Disney said it will acquire a 33% stake in Hulu from Comcast for approximately $8.6 billion....ITT to acquire Danish pump supplier Svanehøj in $395mn deal
ITT Inc has signed an agreement to acquire Svanehøj Group for approximately $395 million....GSK to acquire exclusive rights to Janssen's hepatitis B therapy in $1bn deal
GSK and Arrowhead Pharmaceuticals have announced that they have reached an agreement with Janssen Pharmaceuticals to receive exclusive rights to its hepatitis B therapy, JNJ-3989....Iron Mountain to acquire asset disposition services company Regency Technologies for $200 million
Iron Mountain entered into a definitive agreement to acquire Regency Technologies, a provider of IT asset disposition (ITAD) services in the United States....Inari Medical to buy LimFlow for $250 million and additional payments
Inari Medical, a medical device company with a mission to treat and transform the lives of patients suffering from venous and other diseases, announced that it has entered into a definitive agreement to acquire LimFlow, a pioneer in limb salvage for patients with chronic limb-threatening ischemia (CLTI)....Maersk Q3 revenue cut in half, to cut additional 3,500 jobs
Maersk's financial results for third quarter of 2023 were in line with expectations in a difficult market environment with rates well off their 2022 peak and tested by the increase of capacity in Ocean....TransAlta to acquire Heartland Generation from Energy Capital Partners for $658 million
TransAlta entered into a definitive share purchase agreement with an affiliate of Energy Capital Partners ("ECP"), the parent of Heartland Generation and Alberta Power, to acquire Heartland and its entire business operations in Alberta and British Columbia....Toyota announces additional 3,000 jobs, $8 billion investment in Randolph County, North Carolina
Toyota has announced plans to invest an additional $8 billion in its electric battery manufacturing site in Randolph County, North Carolina including hiring another 3,000 employees....Hyundai Industrial will create 100 new jobs in Coweta County, Georgia
Hyundai Industrial will create 100 new jobs and invest more than $24 million in a new manufacturing facility near Newnan in Coweta County, Georgia....Netflix will create thousands of jobs in New Jersey
Governor Phil Murphy joined Netflix co-CEO Ted Sarandos, State officials, and labor representatives to highlight the benefits of New Jersey's growing film and television industry and further advance the creation of a major Netflix production facility in Monmouth County at the site of the former Fort Monmouth campus....Hwashin to bring 460 jobs to Georgia
Hwashin will establish a new manufacturing facility in Dublin, Georgia creating over 460 new jobs and more than $176 million in investment in Laurens County....Ross Industries creating 24 new jobs in Fauquier County facility, Virginia
Ross Industries will invest $7.5 million to enlarge its current facility in Fauquier County, Virginia....Michigan: Two business expansions in Genesee, Iosco, Ottawa Counties will create 140 new jobs
Governor Gretchen Whitmer announced two business expansion projects expected to create a total of 140 new jobs and generate a total capital investment of $12.2 million have received support from the Michigan Strategic Fund....Virginia: PGT Innovations creating 659 new jobs in Prince George County
PGT Innovations will invest $54.3 million to establish a new glass manufacturing operation, Triple Diamond Glass, in the former Rolls-Royce facility at the Crosspointe Logistics Center, owned by SL Industrial Partners, an affiliate of the Silverman Group, in Prince George County.... ■