Rentokil Initial PLC has agreed to sell its US-based SOLitude Lake Management and Vertex Aquatic Solutions to Bain Capital for $230 million. The sale will generate approximately $180 million in net cash after tax, helping Rentokil reduce leverage and support its capital priorities like organic growth, acquisitions, dividends, and shareholder returns. SOLitude, which manages lakes and ponds in the US, had $112 million in revenue and $16 million in adjusted operating profit in 2025. The deal is expected to close by early Q4 2026, pending regulatory approval, and aligns with Rentokil's strategy to focus on higher-growth markets and improve margins and cash flow.
Rentokil's sale of SOLitude Lake Management is noted alongside Pluang's Industrials sector data for context. For readers following Industrials, here is Pluang's market snapshot as of Sep 22, 2026 13:41 WIB: 36 of 80 US stocks rose and 36 fell. Among movers, Aecom (ACM) was priced at USD 62.87 with a 1-day change of +1.42%, Old Dominion Freight Line (ODFL) at USD 175.36 with a +1.36% change, and Ryanair Holdings (RYAAY) at USD 54.17 with a +1.24% change.
Circle has introduced a new borrowing service for institutional clients that allows them to use Bitcoin as collateral to borrow USDC without selling their BTC holdings. The service operates on the Arc and Ethereum networks through Circle Mint account...
An Ethereum ICO-era whale purchased 8,492.8 ETH worth $23.7 million at an average price of $2,794 on September 21, marking a return to the market after six months. This buying helped push Ethereum's price above $2,800 for the first time since January...
Dutch police arrested two men suspected of using counterfeit EURC stablecoins to fraudulently obtain Rolex watches from sellers on Marktplaats, a major Dutch online marketplace. The fake tokens appeared genuine in wallets, tricking sellers into relea...
Agree Realty Corporation maintains a robust portfolio of 2,824 retail properties and strong credit metrics, including a low secured debt ratio and high asset coverage. Its common stock trades at a 1.34x price-to-book with a 5.21% AFFO yield, supporti...
Ethereum (ETH) has surged past the $2,700 mark, trading at $2,716.86 after a 5.7% gain in 24 hours, marking its strongest third-quarter performance since 2016 with a 67.57% gain in Q3 2026. This rally occurs despite regulatory setbacks and a Fed rate...
