| 思宇年度活动回顾： | 首届全球眼科大会 首届全球骨科大会 首届全球心血管大会 | | --- | --- | | 即将召开： | | | 2025年6月12日，首届全球医美科技大会 | | | 2025年7月17日，第二届全球医疗科技大会 | | | 2025年9月4-5日，第三届全球手术机器人大会 | | 2025年6月3日，医疗供应链龙头Owens & Minor（NYSE: OMI）宣布，与Rotech Healthcare Holdings共同决定 终止原定的 13.6亿美元 （约合98亿人民币）全 现金收购交易 ，原因是无法在可接受的时间与成本范围内获得美国联邦贸易委员会（FTC）的反垄断审查通过。根据披露， Owens & Minor将向Rotech支付 8000万美元 的交易终止费用 ，并同步赎回此前为此次并购融资而发行的10亿美元债券，取消相关信贷承诺。 相比Owens & Minor的主动调整，Rotech的命运更像一场资本节奏下的被动转折。 # 交易回顾：从整合协同到监管搁浅，Rotech并未入局 该交易最早于2024年7月官宣，原本计划通过收购总部位于佛罗里达、拥有300多个服务网 ...

以下文章来源于鸿途FLY ，作者X编辑 鸿途FLY . 大展宏图 曾坐拥170多亿市值的卫浴行业领军企业帝欧家居，正站在命运的十字路口，等待是否被"卖身"的决 定。 据帝欧家居最新披露的公告显示，公司控股股东、实际控制人刘进、陈伟、吴志雄正在筹划一致行动变 更等事项，该事项可能涉及公司控制权变更。而相关方为公司持股5%以上股东成都水华智云科技有限 公司的实际控制人朱江。 回溯帝欧家居的创业历程，堪称卫浴界的"桃园三结义"传奇。九十年代，刘进、陈伟与吴志雄三人凭借 玛瑙生意掘得第一桶金，随后敏锐捕捉市场机遇，转战亚克力洁具领域。 之后，公司更名为帝王洁具，并于2016年成功登陆资本市场。2017年，帝王洁具上演"蛇吞象"式并购， 将陶瓷巨头欧神诺收入麾下，更名为帝欧家居。此次并购一度为公司带来营收与净利润的爆发式增长。 然而，此番控制权发生"松动"的背后，帝欧家居的市值较高点蒸发超百亿，公司业绩也连年下滑。2021 年至2024年，公司营收从61.47亿元断崖式下滑至27.41亿元；2022年至2024年，公司的归母净利润更是 连续三年深陷亏损泥潭。 在业绩承压的严峻形势下，帝欧家居不断缩减员工规模，或借此降低 ...

奥浦迈：拟14.51亿元购买澎立生物100%股权 智通财经6月5日电，奥浦迈(688293.SH)公告称，公司拟以发行股份及支付现金的方式向PLHK、嘉兴汇 拓等共31名交易对方购买澎立生物100.00%的股权，并募集配套资金，交易价格14.51亿元。本次交易完 成后，上市公司将导入标的公司临床前研究客户资源，在药物研发较早期阶段即向客户推介上市公司的 细胞培养基产品和生物药CDMO业务，从而扩大公司潜在客户群体，拓展早期研发管线数量，并在一定 程度上锁定具有良好商业化前景的创新药管线，实现从前端业务向后端业务的导流。 ...

大禹节水(300021.SZ)公告称，公司拟使用自有及自筹资金参与竞拍 北控水务发展持有的淮安设计院 70%股权，并已通过董事会审议，尚需提交股东会审议。该交易不构成关联交易或重大 资产重组，竞 拍资金来源为自有资金及自筹资金。若竞拍成功，公司将持有淮安设计院70%股权，增强水利设计业务 能力，优化收入结构，提升盈利质量。 ...

经济导报记者 杨佳琪 经济导报记者了解到，此前邦基科技已通过并购拿下多家公司股权。从业绩来看，近几年邦基科技归母净利润持续下降，今年一季度，该公司业绩出现回 升迹象。 01 拟收购7家农牧企业股权 公告显示，邦基科技正在筹划以发行股份及支付现金相结合的方式购买Riverstone Farm Pte.Ltd.所持有的山东北溪农牧有限公司、山东瑞东伟力农牧有限 公司、山东鑫牧农牧科技有限公司、瑞东农牧（利津）有限公司、瑞东农牧（山东）有限责任公司、瑞东威力牧业（滨州）有限公司100%股权以及派斯 东畜牧技术咨询（上海）有限公司80%股权。据披露，邦基科技已与交易对方签署《关于发行股份及支付现金购买资产之意向协议》，交易各方就本次交 易达成初步意向。 "本次交易正处于筹划阶段，尚未签署正式协议，具体交易方案仍在商讨论证中。本次交易尚需提交公司董事会、股东大会审议，并经有权监督管理机构 批准后方可正式实施。"邦基科技提醒。 经济导报记者注意到，本次交易涉及的标的资产经营范围大多数为生猪养殖及销售、畜牧养殖技术及开发技术服务、农作物种植及销售等，与邦基科技主 营业务有较强协同性。 02 归母净利润连续三年下滑 资料显示 ...

中经记者 苏浩 卢志坤 北京报道 吉药控股 终止上市公告 公司公告/图 深交所一纸公告，吉药控股（300108.SZ）正式终止上市。 近期，吉药控股发布《关于公司股票终止上市暨摘牌的公告》，因公司股票在2025年3月26日至4月23日 期间，连续20个交易日收盘价均低于1元，触及创业板终止上市情形，深交所决定对其股票实施摘牌。 这家曾拥有"化工+医药"双主业光环的东北药企，如今却以六年累计亏损近37亿元，"1元退市"的惨淡方 式黯然离场。 吉药控股激进的并购策略很快显露出致命弊端。被收购企业普遍存在承诺期一过，业绩立即变脸的诡异 现象。2019年，浙江亚利大胶丸净利润暴跌94%，长春普华制药更是直接陷入亏损。这些被收购企业如 同精心包装的"定时炸弹"，在业绩承诺到期后集体引爆。更致命的是，高溢价并购积累的商誉地雷开始 连环爆炸。 2019年，一纸计提商誉减值与坏账损失的公告，将吉药控股拖入单季度亏损17.84亿元的深渊，就此拉 开连续六年的亏损序幕。 财务数据显示，2019年至2024年间，公司归母净利润始终未能翻红，累计亏损额高达36.68亿元。至 2024年年末，其资产负债表的失衡已触目惊心：14.45亿 ...

Group 1 - The core point of the news is that the company plans to acquire 100% of Dongguan Changyi Optoelectronics Co., Ltd. through a share issuance and raise supporting funds, leading to a temporary suspension of its stock trading starting May 20, 2025 [2] - Changyi Optoelectronics focuses on the research, production, and sales of optical lenses and precision optical components, with major products including mobile phone lenses and security lenses, serving well-known clients such as Sunny Optical, TP-Link, and Ruijie Technology [2] - In 2023, 2024, and the first quarter of 2025, sales to the top five customers accounted for over 70% of Changyi Optoelectronics' revenue, with sales to the largest customer, Sunny Optical, exceeding 50% [2] Group 2 - The acquisition is expected to create significant synergies in industry, market, technology, and management between the two companies, enhancing the listed company's manufacturing capabilities and cost control [3] - The transaction is anticipated to improve market share and sustainable profitability for the listed company, aligning with its long-term development and the interests of all shareholders [3] - The supporting fundraising projects from the transaction will boost the business scale and development quality of Changyi Optoelectronics, further enhancing its growth potential [3]

Group 1 - The company plans to acquire 100% equity of Zhejiang Huge Waste Management Co., Ltd. for 135 million yuan using its own or raised funds [1] - After the transaction, Huge will become a wholly-owned subsidiary of the company [1] - Huge is projected to generate an operating revenue of 466 million yuan and a net profit of 54.31 million yuan in 2024 [1] Group 2 - The transaction is classified as a related party transaction but does not constitute a major asset restructuring [1]

Summary of Cactus (WHD) M&A Announcement Conference Call Company and Industry - **Company**: Cactus, Inc. (WHD) - **Industry**: Oilfield Equipment and Services - **Acquisition Target**: Baker Hughes Surface Pressure Control (SPC) business Core Points and Arguments 1. **Acquisition Announcement**: Cactus announced the acquisition of a 65% controlling stake in Baker Hughes' SPC business for approximately $344.5 million, establishing a joint venture with Baker Hughes [6][12][10] 2. **Strategic Rationale**: The acquisition aims to create a global, capital-light oilfield equipment company, enhancing Cactus's geographic presence, particularly in the Mideast, a key growth market for oilfield services [6][10][8] 3. **Financial Metrics**: The transaction values the SPC business at approximately $530 million, with a purchase price representing a multiple of about 6.7x 2024 transaction-adjusted EBITDA [12][10] 4. **Revenue and Market Presence**: SPC generated nearly $500 million in revenue in 2024, with 85% of its revenue coming from the Mideast. The business has a strong backlog exceeding $600 million, indicating stable revenue potential [16][18][10] 5. **Operational Synergies**: Cactus expects to achieve approximately $10 million in annual cost synergies within one year post-acquisition, despite initial dis-synergies due to corporate infrastructure expansion [14][15] 6. **Market Dynamics**: Cactus aims to leverage its existing knowledge and relationships to enhance SPC's performance and capture market share in the Mideast, where it currently faces competition from major players like Schlumberger [48][50][49] 7. **Long-term Strategy**: The acquisition is seen as a pathway to expand Cactus's international footprint, with plans to pursue opportunities beyond the Mideast while maintaining a strong U.S. presence [53][52] Other Important Content 1. **Risk Factors**: The call included a disclaimer regarding forward-looking statements and the inherent risks associated with such projections [4][3] 2. **Financial Flexibility**: Cactus plans to maintain a conservative balance sheet and significant financial flexibility post-acquisition, with little to no net debt anticipated at closing [14][10] 3. **Cultural Integration**: Cactus emphasizes the importance of instilling its operational excellence culture within SPC to drive performance improvements [26][57] 4. **Market Share Potential**: There is significant room for market share growth in the Mideast, particularly in Saudi Arabia and Oman, where Cactus sees opportunities to improve SPC's competitive position [48][49] 5. **Aftermarket Services**: Over 30% of SPC's revenue comes from aftermarket services, providing a stable revenue stream that is less dependent on new drilling activities [18][16] This summary encapsulates the key points discussed during the conference call regarding Cactus's acquisition of Baker Hughes' SPC business, highlighting the strategic, financial, and operational implications of the deal.