Modiv Industrial, a REIT specializing in industrial properties, is being acquired by Global Net Lease in an all-stock transaction. The deal offers fair value to Modiv Industrial shareholders, with preferred shareholders set to receive $25 plus accrued dividends upon closing. The author exited common shares but retained preferred shares, rating them a hold with potential to buy more below $25. This acquisition highlights consolidation in the industrial REIT sector and provides limited downside risk for preferred shareholders if the deal fails.
Alstom has secured a €270 million contract from the Victorian Government to build 25 additional X’trapolis 2.0 trains, increasing the total fleet to 50. These energy-efficient electric trains feature 60% local content, supporting Victoria's rail manu...
Ed Stafford, famed explorer and Discovery Channel host, has become a global owner of the JETOUR G700 SUV, marking a partnership to co-produce Season 2 of JETOUR’s Adventure of Extremes. The vehicle handover ceremony was held with top executives from ...
US logistics property group Prologis has agreed to acquire British real estate investment trust Segro in a deal valued around £13.5 billion. Segro shareholders will receive Prologis shares or a mix of cash and shares, with the offer representing a pr...
GRAM, the altcoin linked to Telegram, plunged to a three-month low of $1.29 on August 4 after Telegram was temporarily removed from Apple's App Store due to content violating guidelines on nonconsensual media involving children. The app was unavailab...
Defence Therapeutics has named Dr. Amie Phinney as its new President and CEO, effective August 1, 2026, with founder Sébastien Plouffe moving to Executive Chairman. Dr. Phinney brings over 20 years of pharmaceutical and biotech leadership experience ...
