Arbutus Launches $230 Million Dutch-Auction Share Tender

Arbutus is offering $5.00 to $5.75 a share and could retire 20.2% to 23.2% of its outstanding stock if the $230 million tender is fully subscribed.

Arbutus is offering $5.00 to $5.75 a share and could retire 20.2% to 23.2% of its outstanding stock if the $230 million tender is fully subscribed.

The deal adds a data-center power-distribution platform to nVent and includes up to $550 million of additional cash consideration tied to Maverick’s 2027 and 2028 performance.

BitMine reported 5.85 million ETH and $308 million in cash and marketable securities as higher ether prices lifted the value of its disclosed holdings.

The two-year award exercises the second option on Parsons’ TEAMS-Next systems-engineering contract, originally valued at up to $2.24 billion in 2021.

Ultra Mission Solutions will operate as the commercial product and solutions component of Booz Allen’s defense technology business after the $720 million purchase closed August 24.

The Swiss-listed solar producer plans to issue 2,016,943 new shares to SMARTENERGY Group and offset the purchase price against a vendor loan, with the new stock expected to list in the fourth quarter.

The marine retailer cut debt by more than $265 million, secured $10 million of exit financing and now expects to operate about 100 stores alongside its online and West Marine Pro businesses.

The rail-technology group funded most of the purchase with its revolving credit facility and now expects pro forma net debt to adjusted EBITDA of about 1.5 times.

The French biotech agreed to acquire all of Etherna at a €30 million enterprise value, and the PIPE will fund the cash portion, while the share consideration still needs shareholder approval.

Agnico Eagle’s proposed C$57.2 million private placement would give it a 10.45% non-diluted stake in Radisson and fund new underground exploration at the O’Brien gold project in Quebec.