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Smart For Life To Acquire Purely Optimal Nutrition For Undisclosed Terms
(RTTNews) - Health & Wellness firm Smart for Life, Inc. (SMFL) announced Monday that it has executed a definitive agreement to acquire Purely Optimal Nutrition, a premier eCommerce nutraceuticals company with operations in North America. The terms of the deal were not disclosed.
The profitable acquisition is expected to contribute more than $8 million of annualized revenue and over $1 million of adjusted EBITDA.
The acquisition is expected to close within the next eight weeks and is subject to financing and customary closing conditions.
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SEC Fines Seven Companies With Whistleblower Violation
The U.S. Securities and Exchange Commission announced that it has settled charges against seven public companies for using employment, separation, and other agreements that violated rules prohibiting actions to impede whistleblowers from reporting potential misconduct to the SEC. The companies agreed to pay more than $3 million combined in civil penalties to settle the SEC's charges.
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UK Budget Shortfall Overshoots Estimate
UK government borrowing increased more than expected and also exceeded the official estimate in August, adding pressure on Chancellor Rachel Reeves ahead of the November budget. Public sector net borrowing increased GBP 3.5 billion from the last year to GBP 18.0 billion in August, the Office for National Statistics said Friday.
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32 minuter sedan
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the European session on Friday.
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44 minuter sedan
European Shares Extend Gains As UK Retail Sales Rise
European stocks were broadly higher on Friday as a busy week, which included crucial central bank decisions, draws to a close.
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Asian Shares Mixed Ahead Of Trump-Xi Call
Asian stocks ended mixed on Friday despite Wall Street's main indexes reaching new record highs overnight following the Federal Reserve's first interest-rate cut in nine months.
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1h 8minuter sedan
Yen Rises As BoJ Keeps Rate Unchanged
The Japanese yen strengthened against other major currencies in the Asian session on Friday, after the Bank of Japan retained its key interest rate, as widely expected amid heightened political uncertainty.
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1h 23minuter sedan
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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1h 33minuter sedan
European Economic News Preview: UK Retail Sales & PSNB Data Due
Retail sales and public sector finance from the UK and business confidence from France are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics publishes UK retail sales and public sector finance figures. Retail sales are forecast to grow 0.4 percent on a monthly basis in August, slower than the 0.6 percent rise in July.
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3h 56minuter sedan
