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Cranberry Journal

Thursday, October 15, 2026

Also in this edition
Markets
  • S&P 5007,722.83+0.05%
  • Nasdaq26,591.22−0.38%
  • Dow52,095.60+0.92%
  • 10-yr yield5.09%−1.87%
  • Crude$95.98+2.21%
At the close · Oct 15

M&A

Tagged stories

White fuel storage tanks at a riverside terminal under a blue sky, seen from the water.
Business

Agility Bought Tristar for About $7 Million in 2003. It Is Selling It at a $1.5 Billion Enterprise Value, and Says the Bet Returned More Than $1 Billion.

Agility Global said on 13 October that it will sell its entire stake in Tristar, a fuel logistics business, to India's Aegis Logistics at an enterprise value of $1.5 billion and an equity value of $882 million, about 6.0 times 2025 EBITDA. Closing is expected before the end of March 2027, subject to regulatory approvals. Agility has not said how much of that it receives.

By Thomas Gutierrez  

A hand holds a smartphone whose screen shows a pink heart pierced by an arrow, against a green textured fabric.
Business

Bumble Agreed to a $1.3 Billion Cash Buyout at $6.05 a Share, a 138 Per Cent Premium. Its Public Shareholders Will Not Get a Vote.

Bumble said on Tuesday 13 October that it will be acquired by Ithaca Holdings for $6.05 a share in cash, a deal it values at $1.3 billion. The price is about 138 per cent above the stock's close on 9 October. Affiliates of Blackstone and founder Whitney Wolfe Herd approved the deal by written consent after it was signed, so public shareholders will not vote; regulatory approvals are still required.

By Alison Acosta