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By Reuters Staff 2 Min Read LONDON (Reuters) - British e-commerce company The Hut Group said on Wednesday that it would buy UK-based online beauty retailer Cult Beauty for 275 million pounds ($382.91 million). The company, which listed last year, also raised its guidance on its sales growth for 2021 to between 38% and 41% on a currency-adjusted basis, above its previous guidance of 30% to 35%. THG said Cult Beauty would add around 140 million pounds of net sales to its business in 2022. The company said it was making “good progress” on its Ingenuity collaboration agreement with SB Management Limited, a subsidiary of Japanese venture capital giant SoftBank Group Corp. ....
PacBio Adds Short Read Capabilities with up-to-$800M Omniome Acquisition genengnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from genengnews.com Daily Mail and Mail on Sunday newspapers.
Digital Mortgage Lender Announces Softbank-Backed SPAC And $7 Billion Valuation forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
The right scale of fuel : Stamford-based Sema4 eyes more growth by going public FacebookTwitterEmail State Rep. Matt Blumenthal, at left, and Sen. Chris Murphy, at center, tour Sema4 s laboratory at 62 Southfield Ave., in Stamford, Conn., on Sept. 18, 2020.Matthew Brown / Hearst Connecticut Media STAMFORD Health care information provider Sema4 announced Wednesday that it would become a publicly traded company, an ambitious plan intended to catalyze further growth for one of the fastest-expanding firms in Connecticut. In a move that values the company at approximately $2 billion, Stamford-headquartered Sema4 is going public through a process that offers an alternative to an initial public offering. It would result in Sema4’s shares trading on the Nasdaq Global Market upon the transaction’s expected completion in the second quarter of this year. ....
A significant milestone : Stamford health care information firm Sema4 to become public company FacebookTwitterEmail 1of6 Emmett Higgins, vice president of laboratory operations, at right, leads Sen. Chris Murphy and other electeed officials on a tour Sema4 s laboratory at 62 Southfield Ave., in Stamford, Conn., on Sept. 18, 2020.Matthew Brown / Hearst Connecticut MediaShow MoreShow Less 2of6 Elected officials tour Sema4 s laboratory at 62 Southfield Ave., in Stamford, Conn., on Sept. 18, 2020.Matthew Brown / Hearst Connecticut MediaShow MoreShow Less 3of6 4of6 Sema4 opened in late 2020 its laboratory at 62 Southfield Ave., in Stamford, Conn.Matthew Brown / Hearst Connecticut MediaShow MoreShow Less 5of6 Sema4 opened in late 2020 its laboratory at 62 Southfield Ave., in Stamford, Conn.Matthew Brown / Hearst Connecticut MediaShow MoreShow Less ....