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Coca-Cola HBC agrees to acquire Coca-Cola Beverages Africa
Yahoo Finance· 2025-10-22 09:04
Core Viewpoint - Coca-Cola HBC has agreed to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) for US$2.6 billion, valuing CCBA at US$3.4 billion, which will create the world's second-largest Coca-Cola bottling partner by volume and expand Coca-Cola HBC's presence in high-growth African beverage markets [1][2]. Group 1: Transaction Details - The acquisition is expected to be completed by the end of 2026, pending approvals, with Gutsche Family Investments receiving new shares equivalent to 5.47% of the enlarged share capital [2]. - An option agreement allows Coca-Cola HBC to buy or The Coca-Cola Company to sell the remaining 25% of CCBA after the transaction is completed [2]. Group 2: Market Impact - CCBA operates in 14 African markets and accounts for approximately 40% of Coca-Cola system volumes in Africa, with Coca-Cola HBC estimating that the combined entity will represent about two-thirds of Africa's Coca-Cola system volume and cover over half of the continent's population [3]. - On a pro forma basis for 2024, the combined group is projected to produce 4.0 billion unit cases, generating revenues of €14.1 billion and EBIT of €1.4 billion [3]. Group 3: Strategic Rationale - The management emphasizes demographic and macroeconomic factors driving the CCBA acquisition, including rapidly growing populations and a significant under-30 consumer base in CCBA's markets [5]. - The acquisition is seen as a way to enhance diversification, increase exposure to emerging markets, and support per-capita consumption growth [5]. Group 4: Operational Integration - Coca-Cola HBC plans to implement its operating model, route-to-market capabilities, and sustainability initiatives alongside CCBA's portfolio of over 40 global and local brands [6]. - This acquisition is viewed as a natural extension of Coca-Cola HBC's established presence in Nigeria and its recent entry into Egypt, facilitating the sharing of best practices across African markets [6]. Group 5: Financial Considerations - Coca-Cola HBC anticipates low single-digit earnings per share accretion in the first full year post-completion, with leverage expected to be at the upper end of the medium-term target range of 1.5x–2.0x net debt to EBITDA [7]. - The existing share buyback program has been canceled to prioritize this transaction [7].
Overlooked Stock: Activist Investor Taps COO Amid 30% Y/Y Slide
Youtube· 2025-10-20 20:15
Core Viewpoint - Shares of Cooper Companies are rising due to activist investor Jana Partners acquiring a stake and pursuing strategic alternatives, including a potential merger of its contact lens business with Bosch and Lomb [2][4][10] Company Overview - Cooper Companies' stock is up approximately 4.2% following the news of Jana Partners' involvement [3] - The company operates primarily through two segments: Cooper Vision (contact lenses) and Cooper Surgical (OBGYN and women's health products), with a revenue split of about 60% to 40% [5][7] Strategic Moves - Jana Partners is advocating for changes in capital allocation and operational focus, suggesting that the two business segments lack synergies and may be better off as separate entities [5][9] - The CEO of Bosch and Lomb has expressed openness to a potential combination with Cooper Vision, indicating a positive reception to the idea [6][10] Market Reaction - Approximately 20 analysts cover Cooper Companies, with 60% rating it as a buy, 35% as hold, and one sell rating, reflecting a generally favorable outlook [7] - The stock's recent performance has been influenced by declining margins in the women's health segment, which has seen a year-to-date decline of about 20% [7][8]
Rising Dragon Acquisition Corp. Announces Postponement of the Extraordinary General Meeting to November 20, 2025 and Extension of Redemption Request Deadline
Globenewswire· 2025-10-15 20:00
Core Points - Rising Dragon Acquisition Corp. has postponed its Extraordinary General Meeting from October 20, 2025, to November 20, 2025, to allow shareholders more time to review the definitive proxy statement [1] - The location and record date for the Extraordinary General Meeting remain unchanged, and it will still be held at the offices of Loeb & Loeb LLP in New York [2] - The record date for determining eligible shareholders is September 11, 2025, and shareholders who have already voted do not need to take further action [3] - The deadline for redemption requests related to the proposed business combination has been extended from October 16, 2025, to November 18, 2025 [4] - Shareholders can contact Continental Stock Transfer & Trust Company for questions regarding their position or share delivery [5] - The Company is a blank check company incorporated in the Cayman Islands, aiming to enter into a business combination with one or more entities [7][8]
Emmis Acquisition Corp. Announces Upcoming Automatic Unit Separation
Globenewswire· 2025-10-15 12:00
Core Points - Emmis Acquisition Corp. will separate its units into Class A ordinary shares and rights effective October 22, 2025, with new ticker symbols "EMIS" for shares and "EMISR" for rights [1] - Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-tenth of a Class A ordinary share upon the completion of the initial business combination [2] - The separation is automatic, requiring no action from unit holders, and fractional shares will be rounded down or addressed according to Cayman Islands law [2] Company Overview - Emmis Acquisition Corp. is a blank check company aimed at executing mergers, amalgamations, share exchanges, asset acquisitions, or similar business combinations across various industries, focusing on industrial and business services, manufacturing, transportation, distribution, and technology sectors [4]
WESTERN MIDSTREAM AND ARIS WATER SOLUTIONS ANNOUNCE PRELIMINARY RESULTS FOR ELECTION OF FORM OF MERGER CONSIDERATION
Prnewswire· 2025-10-08 11:00
Core Viewpoint - Western Midstream Partners, LP (WES) is acquiring Aris Water Solutions, Inc. (Aris), with preliminary results indicating significant interest from Aris securityholders in the merger consideration options available [1][2]. Merger Consideration Details - Aris securityholders can choose from three forms of merger consideration: (i) 0.625 WES Common Units, (ii) a combination of $7.00 in cash and 0.450 WES Common Units, or (iii) $25.00 in cash, with the total cash consideration capped at $415.0 million [2][3]. - Approximately 26.6 million WES Common Units will be issued, and $415.0 million in cash will be distributed to Aris securityholders as part of the merger consideration [3][4]. Election Results - As of the election deadline, holders of 9,589,105 shares of Aris Class A Common Stock and 4,289,350 Aris OpCo Stapled Units opted for the Common Unit Election Consideration [6]. - Holders of 1,901,249 shares of Aris Class A Common Stock and 9,304,608 Aris OpCo Stapled Units selected the Mixed Election Consideration [6]. - A total of 21,247,291 shares of Aris Class A Common Stock and 12,873,151 Aris OpCo Stapled Units were elected for the Cash Election Consideration [6]. Additional Information - The final certified results of the election process will be available shortly before the transaction closes, and the final allocation of the merger consideration will be calculated according to the Merger Agreement [4][5]. - No fractional WES Common Units will be issued; instead, cash will be provided for any fractional amounts [4].
EQV Ventures Acquisition Corp. and Presidio Petroleum LLC Announce Filing of Amendment to Registration Statement on Form S-4 with the SEC
Globenewswire· 2025-10-07 21:49
Company Overview - EQV Ventures Acquisition Corp. is a special purpose acquisition company (SPAC) sponsored by EQV Group, focused on merging with businesses in the oil and gas sector [6] - Presidio Investment Holdings, LLC is a differentiated oil and gas operator that optimizes mature, producing oil and natural gas assets in the United States [1][5] Business Combination Details - EQV and PIH have announced a proposed business combination, with Presidio PubCo Inc. (formerly Prometheus PubCo Inc.) set to become the ongoing public company, renamed Presidio Production Company [2][3] - The business combination agreement was entered into on August 5, 2025, and is expected to close in the fourth quarter of 2025, pending stockholder approval and SEC effectiveness [3][4] Financial Aspects - The transaction values Presidio Production at a pro forma enterprise value of approximately $660 million, which is a discount to the combined proved developed PV-10 value [4] - Presidio Production will operate as a US-domiciled, dividend-yield driven C Corporation, with shares expected to be listed on the New York Stock Exchange under the ticker "FTW" [3][4] Market Context - The entry of Presidio Production into the public markets coincides with a shift in the energy sector from capital-intensive shale operations to a focus on returns, emphasizing a model with zero reliance on future drilling and minimal capital investment [4]
SACH Pte. Ltd. Announces the Agreement and Plan of Merger with Quantumsphere Acquisition Corporation
Globenewswire· 2025-10-04 00:15
Company Overview - SACH Pte. Ltd. is engaged in the gaming, technology, e-commerce, retail, and live events industries, headquartered in Singapore [3][10] - The company's main objective is to integrate digital and physical experiences through innovative platforms, enhancing community engagement and consumer interaction [3][10] - SACH is known for its social technology platform, OMMiii, which incorporates gamification and data analytics to facilitate engagement strategies for brands and events [3][10] Proposed Transaction - SACH has entered into a merger agreement with Quantumsphere Acquisition Corporation, which will result in SACH becoming a wholly-owned subsidiary of Omnivate Global Ltd. [2][5] - The combined company is expected to have an implied initial pro forma equity value of approximately $300 million, assuming no redemptions [6][8] - The transaction is anticipated to provide SACH with cash proceeds of up to approximately $82.8 million to fund its business operations, assuming no redemptions and excluding transaction fees [6][8] Leadership Statements - Jonathan Zhang, CEO of SACH, stated that the merger is a transformative milestone that will help redefine engagement with digital and physical experiences [4] - Ping Zhang, Chairman/CEO of Quantumsphere, emphasized the commitment to pairing their public market platform with an operator capable of executing growth strategies [4] Financial Advisors - Geneva Capital Group serves as the financial advisor to SACH, while Celine & Partners, PLLC and KPMG Law Firm provide legal advisory services to Quantumsphere and SACH, respectively [9]
American Dynamism Acquisition Co(ADACU) - Prospectus
2025-09-30 20:32
Table of Contents As filed with the Securities and Exchange Commission on September 30, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 American Dynamism Acquisition Company (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 98-1873976 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer ...
WESTERN MIDSTREAM AND ARIS WATER SOLUTIONS ANNOUNCE ELECTION DEADLINE FOR ARIS SECURITYHOLDERS TO ELECT FORM OF MERGER CONSIDERATION AND EXPIRATION OF HART-SCOTT-RODINO ACT WAITING PERIOD
Prnewswire· 2025-09-29 11:00
Core Viewpoint - Western Midstream Partners, LP (WES) is set to acquire Aris Water Solutions, Inc. (Aris), with the election deadline for Aris securityholders to choose their merger consideration established for October 7, 2025, and the transaction expected to close on October 15, 2025, pending stockholder approval and customary closing conditions [2][5]. Group 1: Transaction Details - The merger consideration options for Aris securityholders include: (i) 0.625 WES common units, (ii) a combination of $7.00 in cash and 0.450 WES common units, or (iii) $25.00 in cash, with the total cash consideration capped at $415.0 million [5][6]. - Aris securityholders who do not submit a completed election form by the deadline will automatically be deemed to have chosen the common unit election consideration [6]. - The expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act on September 26, 2025, is a significant milestone for the transaction [9]. Group 2: Company Profiles - Western Midstream Partners, LP is a master limited partnership focused on developing, acquiring, owning, and operating midstream assets across several states, including Texas and New Mexico, with a business model that minimizes exposure to commodity price volatility through fee-based contracts [10]. - Aris Water Solutions, Inc. specializes in environmental infrastructure and solutions, providing full-cycle water handling and recycling services aimed at enhancing sustainability for energy companies, particularly in the Permian Basin [12].
Akanda (AKAN) - Prospectus
2025-09-18 21:30
As filed with the Securities and Exchange Commission on September 18, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Akanda Corp. (Exact name of Registrant as specified in its charter) Ontario, Canada 2833 Not Applicable FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Akanda Corp. c/o Gowling WLG (Canada) LLP 100 King St. ...