On 21 February 2014, CZ Acquisition, Inc. (“CZ Acquisition”), a wholly owned subsidiary of Medina Capital Fund LP (“Medina Capital”), announced a recommended cash offer to the shareholders in Cryptzone Group AB (publ) (“Cryptzone”) to acquire all outstanding shares in Cryptzone for SEK 7 per share, irrespective of share series (the “Offer”). An offer document regarding the Offer was announced by CZ Acquisition on 27 February 2014 on Cryptzone’s website www.cryptzonegroup.com and on Remium Nordic AB’s website www.remium.com.
Osaka Gas Chemicals Co., Ltd. (“Osaka Gas Chemicals”), a wholly owned subsidiary of Osaka Gas Co., Ltd (TOKYO:9532)(“Osaka Gas”), today announced it has entered into an agreement with AddSorb Holding AB to acquire all the shares of Jacobi Carbons AB (“Jacobi”), the world’s largest manufacturer and distributor of coconut shell activated carbon headquartered in Kalmar, Sweden, for an enterprise value of US$ 400 million. The transaction is expected to close in January 2014.
Clear Channel Outdoor (NYSE:CCO) today announced that international recording artist Lady Gaga will reveal the cover artwork for her new album, ARTPOP, for the first time, in a piece by piece unveiling on Clear Channel Outdoor digital billboards and screens in major cities across the globe. The company is pushing the boundaries of its unparalleled international footprint and digital technologies with this first-ever out-of-home campaign that sequences a stepped reveal of advertiser creative in unison across the world. The campaign showcases the global scale, reach and impact of Clear Channel Outdoor’s digital inventory, which marries the oldest and most enduring advertising medium with the newest technologies to provide huge creative potential for brands to connect with people.
Marchon Eyewear, Inc. today announced the acquisition of Swedish eyewear company Scandinavian Eyewear.
Established in 1948, Scandinavian Eyewear has been designing optical frames for almost 65 years and has been a leader in the Nordic region. Scandinavian Eyewear’s proprietary brand, SKAGA, has made a distinctive mark in the eyewear industry.
The acquisition will allow Marchon to penetrate the prominent share the company has in the Scandinavian market and broaden the distribution of proprietary and licensed brands worldwide.