Diabetes device maker MiniMed is now fully independent after Medtronic accepted 55,032,401 of its own shares in exchange for 252,813,348 MiniMed shares in a split-off exchange offer that was 5.4x subscribed. Medtronic no longer holds any equity stake in MiniMed, which trades on Nasdaq as MMED.
WaveDivision Capital, The Pritzker Organization and Stephens Capital Partners are partnering with management to acquire EarthLink, the Atlanta-based internet provider. Trive Capital, which carved EarthLink out of its former public parent in 2019, will keep a minority investment. Financial terms were not disclosed.
Tanker operator International Seaways agreed to acquire Oslo-listed Bruton Limited in a series of transactions valuing Bruton at about $370 million. The deal adds Bruton's four VLCC vessels, including newbuildings, to Seaways' diversified crude and product tanker fleet.
26North Partners signed a definitive agreement to acquire MEI Industrial Solutions from Olympus Partners. MEI provides rigging, machinery moving, storage and logistics for data center and semiconductor customers. Under Olympus it grew from 16 to 30 locations, made seven acquisitions and now has nearly 2,500 employees. Terms were not disclosed.
Intuit signed an agreement to buy Sequence, a Series A company that automates the quote-to-revenue process for businesses. Sequence will add revenue management capabilities to Intuit Enterprise Suite and QuickBooks Online Advanced. Terms were not disclosed.
Beazer Homes stockholders voted overwhelmingly to approve the company's acquisition by Dream Finders Homes at a special meeting. The deal already received early termination of the antitrust waiting period, so the vote clears one of the final requirements to close.
Beretta Holding's $44.80-a-share tender offer for up to 2,400,184 Sturm, Ruger shares was oversubscribed, with a preliminary proration factor of about 38.45%.
Roots obtained the Ontario court's final order approving its plan of arrangement to be acquired by Marquee Brands through partner JM&A Design & Development.
Shareholders of both Colony Bankcorp and First Reliance Bancshares approved First Reliance's merger into Colony, following receipt of regulatory approvals.
NUBURU completed its purchase of a 70% controlling interest in Italian defense firm Tekne after Italian Golden Power clearance, adding a $93 million program portfolio.
Belgian startup Armed Cell, chaired by ex-Galapagos CEO Paul Stoffels, is paying Lakefront Biotherapeutics €8 million upfront plus up to $230 million in future payments for its CAR-T assets.
A Luxembourg judge withdrew an order that had blocked Ardagh Holdings from selling its stake in Ardagh Metal Packaging, letting it prepare for a potential sale.