Curaleaf Holdings will file a Notice of Variation to lift its hostile offer for Aurora Cannabis to total implied consideration of US$5.00 per share — 0.4013 Curaleaf shares plus US$1.00 cash — an 86% premium to Aurora's unaffected price. Cash consideration rises 33% and the cap price climbs 20% to US$6.00. The enhanced bid was built solely from public information, and Curaleaf is pressing Aurora's board for formal due diligence.
Authentic Brands Group has privately discussed an offer that could value Mattel at more than $20 per share, or about $6 billion, according to a Wall Street Journal report. Mattel shares jumped nearly 20% on Thursday from just above $15. A person familiar confirmed talks exist but called them very preliminary; Mattel declined to comment on speculation.
Samsonite Group closed its acquisition of BÉIS, the lifestyle and travel brand founded in 2018 by Shay Mitchell, which will operate as a standalone brand within the group.
Sargento acquired La Terra Fina from Catamount Management Corporation, adding roughly 250 employees and creating a new Deli Business Unit; terms were not disclosed.
Roland Foods will acquire Savor Brands from Dot Foods, with Dot receiving an equity interest in Roland and a commercial deal to distribute both brands nationwide.
MGM Resorts CEO Bill Hornbuckle said the casino group will pursue whatever unlocks value for shareholders when asked whether it might acquire People Inc., days after the Diller-controlled media company withdrew its $48.30-per-share proposal to buy the rest of MGM. People Inc. owns roughly 27% of MGM and remains its largest shareholder; MGM shares traded near $32 before the remarks.
H.I.G. Capital completed the sale of Pinalli, Italy's leading omnichannel beauty and personal care chain, to private investment group Borletti after growing the store network from 63 to 108 locations since 2023.
Tresalis, a new owner-operator platform anchored by Munich family office ATHOS and Dr. Fernando Tamez, took majority ownership of London wellbeing fragrance house Vyrao; founder Yasmin Sewell stays on as Chief Brand Officer and shareholder.
Italian winery Varvaglione 1921 announced the acquisition of the historic Casino Nitti estate in Marina di Lizzano alongside the launch of its first Metodo Classico sparkling wine.
Hormel Foods agreed to acquire Brakebush Brothers, a value-added chicken company, from the Brakebush family for approximately $1.055 billion. The deal is expected to close in the first quarter of Hormel's fiscal 2027, subject to regulatory approval. Hormel says the century-old business will expand its foodservice platform through deeper operator relationships, category expertise and a larger direct sales organization.
Airport hospitality operator OTG acquired OHM Concession Group, expanding its dining and retail network across US and Canadian airports; OHM president Milan Patel stays on.
Nobel Golf completed the purchase of 100% of Hollytree Country Club, an 18-hole private club in East Texas, and plans investment to address deferred maintenance; terms undisclosed.
Choice Hotels agreed to acquire 100% of Harvest Hosts, an RV travel membership company, from growth equity firm Stripes and other shareholders. Harvest Hosts connects RV travelers with overnight stays at more than 11,200 host locations including wineries, farms and breweries. Choice described the asset-light subscription platform as a complementary extension of its focus on value-minded travelers, noting Choice Privileges members over-index among RV travelers.
Bertram Capital completed the sale of Tactacam, a Billings, Montana-based maker of cellular-connected outdoor cameras, to GTCR. Terms were not disclosed. Tactacam's REVEAL brand of cellular trail cameras serves hunters and land managers, while its Defend line extends the platform into property security. The exit is the first from Bertram Capital Fund V, the firm's 2023-vintage flagship fund.
Volo Sports bought recreational league operator Fray, which draws over 38,000 annual player registrations across D.C., Phoenix and Jacksonville, plus CLUBWAKA's Miami operations, expanding Volo to 17 markets.
In connection with its pending acquisition of Kenvue, Kimberly-Clark began exchange offers and consent solicitations for any and all outstanding Kenvue notes, for up to $7 billion of new Kimberly-Clark notes plus cash.
GTCR closed its purchase of Tactacam, a cellular-connected trail and security camera maker with over one million subscribers, from Bertram Capital and the founders, who retain significant ownership.
Century Casinos agreed to sell the racing and gaming operations of Century Mile and Century Downs in Alberta to Highfield Investment Group for about $16.4 million, a 6.1x FY2025 EBITDA multiple, cutting annual VICI rent by roughly $7.5 million.
Home textile and sleep technology company AIRE Inc. entered an agreement and plan of merger with SPAC OceanLight Acquisition Corporation, which would leave the combined business publicly traded.