Acquisition
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X @Bloomberg
Bloomberg· 2025-09-05 14:40
VSP Vision, the US owner of Marchon Eyewear, agreed to acquire rival Italian eyewear manufacturer Marcolin https://t.co/SsZa54gLOC ...
E.l.f. Beauty CEO Tarang Amin: Rhode acquisition came from 'mutual admiration'
CNBC Television· 2025-09-05 12:40
Acquisition & Strategy - Elf Beauty acquired Road in a blockbuster $1 billion deal [1] - The acquisition aligns with Elf Beauty's mission to build disruptive brands that shape culture and connect communities [4] - Elf Beauty aims to help Road realize its vision of becoming a major global brand [8] - Elf Beauty does not over-integrate acquired brands, allowing founders to maintain their vision and teams [9][10] Road's Performance & Vision - Road achieved $212 million in net sales in less than 3 years, selling directly to consumers with only 10 products [3] - Road's vision, driven by founder Haley Bieber, is to build a global brand and expand accessibility beyond the United States [5] - Road's success is attributed to Haley Bieber's influence as a tastemaker, her connection with the community, and the brand's integration of lifestyle and product [11] Haley Bieber's Role - Haley Bieber is not just a celebrity but a thoughtful founder with incredible instincts and a strong connection with consumers [8] - Haley Bieber will continue to be the chief creative officer and chief innovation officer of Road, and also a strategic advisor to Elf Beauty [9] Digital Strategy & Target Audience - Elf Beauty is the number one brand among Gen Z, Gen Alpha, and millennials [13] - Elf Beauty's digital strategy focuses on engaging and entertaining its community across various social platforms, including TikTok, Twitch, and Roblox [13][14] - Elf Beauty has a number one branded experience on Roblox with a 98% rating and over 16 million plays [14] Expansion & Retail - Road is launching in Sephora locations across the nation [1] - Elf Beauty's existing digital and physical retail capabilities, as well as its global expansion, were key factors in Road's decision to be acquired [6] - Road's expansion into Canada with Sephora has seen unprecedented demand [12]
X @Bloomberg
Bloomberg· 2025-09-04 03:56
Vantage Data Centers is considering acquiring Yondr Group’s assets in Malaysia in a move that would help their joint backer, DigitalBridge Group, simplify its portfolio and boost growth in the Asia Pacific region https://t.co/TY4eMaAF40 ...
Plains All American Announces Pricing of Public Offering of $1.25 Billion of Senior Notes
Globenewswire· 2025-09-03 22:53
Group 1: Offering Details - Plains All American Pipeline, L.P. has priced an underwritten public offering of $1.25 billion in debt securities, which includes $700 million of 4.70% senior unsecured notes due 2031 and $550 million of 5.60% senior unsecured notes due 2036 [1] - The offering is expected to close on September 8, 2025, subject to customary closing conditions [1] Group 2: Use of Proceeds - The proceeds from the offering, approximately $1,236.5 million after discounts and expenses, will be used to redeem the 4.65% Senior Notes due October 2025 and to fund part of the acquisition of a 55% non-operated interest in EPIC Crude Holdings, LP [2] - If the EPIC Acquisition is not completed, the remaining net proceeds will be used for general partnership purposes, including intra-group lending, repayment of indebtedness, acquisitions, capital expenditures, and working capital [2] Group 3: Transaction Conditions - The closing of the offering is not contingent upon the completion of the Redemption or the EPIC Acquisition, and vice versa [3] Group 4: Company Overview - Plains All American Pipeline is a publicly traded master limited partnership that operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids [7] - The company owns a vast network of pipeline gathering and transportation systems, along with terminalling, storage, processing, and fractionation assets, serving key producing basins and major market hubs in the U.S. and Canada [7] - On average, the company handles over 8 million barrels per day of crude oil and natural gas liquids [7]
Lowe's Companies, Inc. (LOW) Presents At Goldman Sachs 32nd Annual Global Retailing Conference 2025 Transcript
Seeking Alpha· 2025-09-03 20:53
Company Overview - Marvin Ellison serves as the Chairman, President, and CEO of Lowe's, having been appointed in 2018 with over 30 years of experience in the retail and home improvement industry [2][3]. Acquisition Announcement - Lowe's recently announced the acquisition of Foundation Building Materials (FBM), a leading distributor of interior building products, which includes drywall, metal framing, ceiling systems, insulation, and commercial doors and hardware [3][4]. - FBM has a diverse customer base, with approximately 45% of its business coming from residential projects and 55% from commercial projects, which are evenly split between new construction and repair/remodel applications [4]. Engagement with FBM - Lowe's has been in discussions with FBM's leadership since the beginning of the year and has been impressed by their industry expertise and track record of profitable growth [5].
X @Bloomberg
Bloomberg· 2025-09-03 16:30
Goldman Sachs and KKR are among lenders providing around €1.4 billion of one of the most expensive types of debt to back CapVest Partners’ acquisition of a majority stake in German drugmaker Stada Arzneimittel AG https://t.co/RXjEOE2v7s ...
Why Thermo Fisher Scientific Stock Tumbled Today
The Motley Fool· 2025-09-02 22:57
Core Viewpoint - Investors reacted negatively to Thermo Fisher Scientific's recent acquisitions, leading to a decline in its stock price, which fell more than 1% compared to the S&P 500's 0.7% drop [1] Group 1: Acquisition Details - Thermo Fisher completed two acquisitions, with the more significant one being the $4 billion purchase of Solventum's purification and filtration business, previously part of 3M [2] - The second acquisition involved a sterile finish-and-fill factory in New Jersey, previously owned by Sanofi, which will continue to manufacture therapies for Sanofi while expanding its capacity for other pharmaceutical and biotech customers [5][6] Group 2: Financial Impact - The new unit from the Solventum acquisition is expected to negatively impact Thermo Fisher's bottom line in the first year, reducing non-GAAP adjusted net income by $0.06 per share [4] - By the fifth year of ownership, the business is projected to generate approximately $125 million in adjusted operating income due to anticipated revenue and cost synergies [5]
X @Bloomberg
Bloomberg· 2025-09-02 18:04
OpenAI has agreed to buy product testing startup Statsig for $1.1 billion in an all-stock deal, marking one of the largest acquisitions in the ChatGPT maker’s history https://t.co/611BV1ZG19 ...