DigitalOcean Buys Serverless Platform Provider Nimbella

Wendy’s Launches Big Bacon Cheddar Cheeseburger

Restaurant chain Wendy’s announced the launch of new Big Bacon Cheddar Cheeseburger, as the newest addition to its Made to Crave lineup.

The new Big Bacon Cheddar Cheeseburger comes with Wendy’s fresh, never frozen beef topped with its signature Applewood smoked bacon cooked fresh daily. It also adds a custom bacon sauce with a hint of sweetness, crispy onions, American cheese and a creamy, tangy cheddar cheese spread. All these are housed in a first-of-its-kind cheddar bun.

The new Cheeseburger is the third addition to the Made to Crave lineup this year.

Customers can purchase the new Big Bacon Cheddar Cheeseburger through Wendy’s drive-thru, contactless pickup via mobile order or through delivery with the Wendy’s app, DoorDash, GrubHub, Postmates, and Uber Eats.

John Li, Vice President of Culinary Innovation at Wendy’s, said, “As the home of the number one bacon cheeseburger, we had a desire to dial-up what we do best and create a flavorful, pub-fare style sandwich featuring more bacon, more cheddar and more innovation. The result is an unexpected, melt-in-your-mouth sandwich with huge craft flavors that deliver on our promise of always being craveable and affordable.”

Wendy’s operates more than 6,800 restaurants worldwide, and is best known for its made-to-order square hamburgers.

Columbia Board Reaches Agreement With PIMCO; Shareholders To Receive $19.30/Share

Columbia Property Trust, Inc. (CXP) has agreed to be acquired by funds managed by Pacific Investment Management Company LLC, or PIMCO for $3.9 billion including debt. PIMCO will acquire all of the outstanding shares of Columbia stock for $19.30 per share in cash.

Columbia Property Trust shareholders will be entitled to receive the third quarter dividend of $0.21. The company will not pay additional quarterly dividends during the pendency of the deal.

PIMCO, one of the world’s premier fixed income investment managers, is owned by Allianz S.E., a diversified financial services provider.

Shares of Columbia Property Trust were up 15% in pre-market trade on Tuesday.

Avantor To Acquire Masterflex In All-cash Deal Valued At $2.9 Bln – Quick Facts

Avantor, Inc. (AVTR) announced Tuesday that it has entered into a definitive agreement to acquire the Masterflex bioprocessing business and related assets of privately-held Antylia Scientific, a portfolio company of investment firms GTCR and Golden Gate Capital.

The all-cash transaction is valued at $2.9 billion, subject to final adjustments at closing. Given anticipated tax benefits from the transaction structure, the net purchase price is approximately $2.7 billion.

Masterflex is a global manufacturer of peristaltic pumps and aseptic single-use fluid transfer technologies with estimated 2022 revenues of approximately $300 million.

The acquisition strengthens Avantor’s offering across all bioproduction platforms including monoclonal antibodies (mAbs), cell and gene therapy and mRNA, and supports both therapy and vaccine manufacturing including COVID-19.

The transaction is expected to enhance Avantor’s revenue growth and margin profile and be accretive to Adjusted Earnings per Share in year 1 post-acquisition. Avantor has a full debt financing commitment for the transaction.

The transaction is expected to be completed in the fourth quarter of 2021, and is subject to customary closing conditions, including receipt of applicable regulatory approvals.

Crescita Completes Buying Minority Interest In The Best You

Crescita Therapeutics Inc. (CTX/CRRTF) a Canadian commercial dermatology company, on Tuesday announced that it has completed the acquisition of a minority interest in Akyucorp Ltd. d/b/a The Best You, a privately held network of six medical aesthetic clinics in the province of Ontario.

In consideration, Crescita would be issuing 470,128, or 2.2 percent of its common shares, at a price of $0.70 per share. Crescita would also be supporting Best You’s growth strategy by way of a secured convertible promissory note with an initial principal amount of C$0.5 million scalable to C$1.25 million subject to conditions. Interest on the convertible notes would be variable based on the annual volume of purchases of Crescita products.

The notes are convertible at Crescita’s option into an additional equity interest in The Best You. The alliance with The Best You is expected to provide Crescita a commercial platform for increasing the sales of its medical and aesthetic brands Pliaglis, Laboratoire Dr Renaud and Pro-Derm. It would also provide additional opportunities for Crescita’s in-licensed medical products like NCTF and ART-FILLER.

The Best You clinics, together with their affiliated physicians and specialists, provide private pay cosmetic procedures such as neurotoxin injections, dermal fillers, Limitless Hair Removal, and platelet-rich plasma procedures.

DigitalOcean Buys Serverless Platform Provider Nimbella

DigitalOcean Holdings, Inc. (DOCN), the cloud for developers, startups and small and medium-sized businesses (SMBs), on Tuesday announced the acquisition of privately held Nimbella, a serverless platform provider. Terms of the transaction have not been disclosed.

There is no change to DigitalOcean’s 2021 financial outlook as a result of the acquisition.

The acquisition expands DigitalOcean’s capabilities into the rapidly growing function-as-a-service (FaaS) market and would add an additional serverless compute offering to complement the company’s existing Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) offerings, which target developers in small and medium-sized businesses (SMBs).

Serverless computing removes the operational complexity in cloud-native environments for application developers as they create new applications and APIs, or modernize existing ones for their companies. It also enables rapid development and deployment, allowing businesses to significantly reduce development costs and increase productivity without sacrificing performance to support their use case.

Earlier this year, Nimbella was named a Strong Performer in The Forrester Wave : Function-As-A-Service Platforms, Q1 2021. DigitalOcean plans to fully integrate the Nimbella serverless offering and launch the product under the DigitalOcean brand in the first half of 2022.

Shares of DigitalOcean Holdings are currently trading in pre-market at $72.80, down $0.66 or 0.90 percent from the previous close.