Legato Capital Management LLC just revealed a fourth-quarter investment in Standard Motor Products, Inc.The fund purchased 62,830 shares of the auto parts company’s stock for around $2,186,000. Legato Capital Management LLC held 0.29% of Standard Motors Products at the end of the reporting period. This announcement comes only a few weeks after SMP revealed its … Read more
Triumph Capital Management is said to have taken on a new position in The Goodyear Tire & Rubber Company. According to their most recent SEC filing, the institutional investor has bought 42,835 shares of the company’s stock, valued at around $435,000. Goodyear Tire & Rubber firm is a well-known American multinational tire manufacturing firm that … Read more
LVMH Mot Hennessy Louis Vuitton, a French luxury conglomerate, has agreed to acquire a controlling position in Platinum Invest Group, a French jewelry manufacturing company, in order to “supplement and enhance Tiffany & Co.’s existing manufacturing and production.” According to a joint statement issued on Monday, the agreement was reached with investment firms Andera Partners, … Read more
Srinivas “Sri” Ramineni has joined Fragomen, the world’s largest provider of immigration services. Following the firm’s acquisition of the Boston and Atlanta-based immigration practice Ramineni & Shepard, LLC, Ramineni and a team of lawyers, experts, and support employees joined Fragomen’s Boston office. Ramineni is a member of the American Immigration Lawyers Association and obtained his … Read more
Cabot Corporation has paid an undisclosed sum to Shoko Co., Ltd. for the Chiba solar farm. The solar farm was purchased near Cabot’s carbon black manufacturing site in Chiba, Japan. It will allow Cabot to export solar power as renewable energy to the region’s electrical grid. The Chiba solar farm generates up to 3,500 megawatt-hours … Read more
This is Clear’s 38th acquisition since its inception in 2001, and it is the company’s first foray into the Irish broker sector. Following Goldman Sachs’ investment last year, the acquisition of MBC Insurance underlines Clear’s plans to expand into new markets through focused M&A activity. MBC Insurance, which celebrated its 40th anniversary last year, provides … Read more
Gorilla Technology Group Inc. a global provider of AI-powered edge video analytics, IoT technologies, and cybersecurity, announced today the signing of a non-binding Letter of Intent (“LOI”) to acquire Thailand-based Bacom Internetwork. Since 2011, Bacom Internetwork has been a forerunner in the distribution and systems integration of some of Thailand’s most intelligent and innovative security … Read more
Availity, a health IT company, has agreed to acquire Olive AI’s utilization management division. Why it matters: Following a series of divestitures and layoffs, Olive is down to one business line. The agreement backs up Axios’ February report on Olive’s plans to sell the division, which is one of two remaining business lines listed on … Read more
The Maumee campus of McLaren St. Luke’s hospital consists of 73 acres of land and 12 buildings. Mercy Health intends to purchase all of them.https://www.mercyhealthsystem.org/ “Yes, the goal is to cause as little disruption as possible.” Keep it as seamless as possible for both providers and patients,” said Bob Baxter, President of Mercy Health. On … Read more
InteleTravel, a host travel agency, announced the acquisition of corporate travel consortium Hickory Global Partners, with plans to combine resources to target travelers who mix business and leisure travel. Hickory will continue to operate as a wholly owned subsidiary of InteleTravel following the acquisition, the financial terms of which were not disclosed. According to the … Read more