Public Markets

Electric vehicle maker Polestar has gone public via a merger with Gores Guggenheim, a special purpose acquisition company, or SPAC. The $890 million raised from the transaction will fund Polestar’s three-year plan to build new vehicles and become profitable, according to Chief Executive Officer Thomas Ingenlath...

Cadbury chocolate maker Mondelez International has announced plans to buy Clif Bar & Company for $2.9 billion. The acquisition will add Clif, Clif Kid, and Luna brand bars to the snacking giant’s existing portfolio and increase the value of its snack bar business to north of $1 billion...

Prologis, a real estate investment trust (REIT), has announced that it will acquire Duke Realty Corp for about $26 billion, including debt. The all-stock deal would be one of the largest in the REIT industry. Duke shareholders will receive 0.475 of a Prologis share for each share held, as part of the transaction...

The Ohio-based Franchise Group has entered exclusive negotiations to purchase Kohl’s for nearly $8 billion, or $60 per share, marking the year’s biggest retail acquisition, should the deal come to fruition. In the three years since investor Brian Kahn founded the firm...

Freightos Ltd., a booking and payment platform for the international freight industry, and Gesher I Acquisition Corp, a special purpose acquisition company (SPAC), have announced a merger in which the combined entity will be publicly listed on the NASDAQ. The merged company will be named Freightos and will be listed under the ticker symbol “FROS.”...

Data intelligence company Near has agreed to go public through a merger with blank-check vehicle KludeIn I Acquisition Corp. The deal values the California-based company at about $1 billion. Near provides data to companies including the Ford Motor Company, Dunkin Donuts, and MetLife...

Borouge, a joint venture between the Abu Dhabi National Oil Company (ADNOC) and Austrian chemical company Borealis, will list on the Abu Dhabi stock exchange in June. The petrochemical company will sell three billion shares in the initial public offering, a 10% stake. On the heels of a series of public offerings across the Middle East...

Hugely popular gay dating app Grindr announced in early May that it will soon be going public. Tiga Acquisition Corp. will acquire the 13-year-old company, which will be called Grindr Inc. and is valued at about $2.1 billion...

MGM Resorts International has offered $607 million for Swedish gaming company LeoVegas AB. The global hospitality and entertainment giant will pay for the purchase with cash and is offering $6.20 per share...

In a business combination with Riverview Acquisition Corp., Arkansas-based Westrock Coffee Holdings LLC announced in April that it will go public, launching an initial public offering at $10 per share.The transaction values the coffee, tea, and extracts company at about $1.1 billion and will deliver about $500 million in gross cash proceeds...