South African furniture and household products retailer Steinhoff International Holdings has signed an agreement with US-based Mattress Firm for $2.4bn in equity value.
The transaction will be completed through purchase of outstanding shares of the target company through a tender offer at a premium of 115% over the closing price of $29.74 on 5 August.
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Both the companies involved in the transaction are based in the US. The acquisition will be funded through bank and bridge loans.
UK-based fuel forecourts owner and operator Motor Fuel will acquire Roadside Group by the end of October, according to an agreement signed between the two companies.
Also based in the UK, Roadside Group operates ten fuel stations located in north-east of England.
Olapic has been acquired by Monotype Imaging for $130m, which will help the latter to provide a stronger and more effective brand engagement platform to its customers.
The target company’s earned content platform helps to collect, curate and analyse images and videos generated by users in their online shopping experiences across a wide range of marketing channels. Brands can avail the services to strengthen their customer experiences in order to enhance engagement and increase conversions.
Both the companies involved in the transaction are based in the US.
