Panhandle sees strong private placement activity A new Idaho Technology Council report found capital activity in Idaho exceeded $5.2 billion in 2020. North Idaho alone had 10 mergers and acquisitions, 26 private-placement deals, and one public offering last year for a total volume of $164.3 million. The Idaho Technology Council released the data in its 2020 Idaho Deal Flow Report. In total, the number of deals declined slightly to 151 in 2020, compared with 154 such transactions in 2019, but overall volume grew in 2020 to $5.2 billion from $4.42 billion in 2019. M&A activity in Kootenai County included the acquisition of Advanced Market Sales by Integrity Marketing Group in October 2020; the acquisition of Fiberguide Industries Inc. by Molex, a subsidiary of Koch Industries, in December; and Kootenai Health’s acquisition of Interlake Pharmacy, in July.
Halma Sells Fiberguide Industries For $38 Mln On Cash And Debt Free Basis
LONDON (dpa-AFX) - Halma plc (HLMA.L), on Friday, said it sold Fiberguide Industries Inc. to Molex for a total cash consideration of $38 million on a cash and debt free basis.
The company noted that this sale is in line with Halma s strategy of actively managing its portfolio of global businesses to ensure it is aligned with its purpose and maintains strong growth and returns over the long term.
Fiberguide, which was acquired by Halma in 2008, is a manufacturer of fibre optic technology headquartered in Idaho, USA. Molex, a manufacturer of electronic, electrical and fibre optic connectivity systems, is closely aligned to Fiberguide s core business.
FTSE 100 Rises As Pound Slides On Brexit Fears
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks advanced on Friday and the pound fell as Britain and European Union negotiators played down expectations a deal will be reached.
Speaking in the European Parliament, Michel Barnier, the EU s chief negotiator said it was the moment of truth for the two sides to come to an agreement.
European Commission President Ursula von der Leyen said bridging big differences , particularly on fishing rights, would be very challenging while Prime Minister Boris Johnson said discussions were in a serious situation .
Meanwhile, U.K. retail sales declined less-than-expected in November despite restrictions imposed to contain the second wave of the Covid-19, the Office for National Statistics said.