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Finance

Providing perspective and contextual insights on the monetary aspects of the Finance industry within the state of Utah, from Banking to FinTech and from venture capital to cryptocurrency.

Domo, Chapter 2: Behind Its $400 Million Asset Sale, Domo Was Preparing for a Possible Chapter 11 Bankruptcy Filing

Domo, Chapter 2: Behind Its $400 Million Asset Sale, Domo Was Preparing for a Possible Chapter 11 Bankruptcy Filing

EXECUTIVE SUMMARY ✅ Domo's Preliminary Schedule 14C (PREM-14C) filing reveals that the Utah software company was in default under its credit agreement, operating under lender forbearance, and preparing for a possible Chapter 11 bankruptcy filing while negotiating its $400 million asset sale to Progress Software. ✅ This was no

Utah’s Weave Agrees to $650 Million Sale to Francisco Partners, Five Months After Activist Investors Won Two Seats on Weave's Board of Directors

Utah’s Weave Agrees to $650 Million Sale to Francisco Partners, Five Months After Activist Investors Won Two Seats on Weave's Board of Directors

EXECUTIVE SUMMARY ✅ Lehi-based Weave Communications has agreed to be acquired by Francisco Partners for approximately $650 million, or $7.40 per share in cash, a 34% premium to WEAV’s 17 August closing price. ✅ The $7.40 exit price is still 69.17% below Weave's opening price

Five Years After Opening a $286 Million Plant in Eagle Mountain, Utah, Tyson Foods is Shutting it Down and Eliminating 723 Utah Jobs in the Process

Five Years After Opening a $286 Million Plant in Eagle Mountain, Utah, Tyson Foods is Shutting it Down and Eliminating 723 Utah Jobs in the Process

EXECUTIVE SUMMARY ✅ Five years after beginning production at an over $285 million meat-packaging plant in Eagle Mountain, Tyson Foods will permanently close the facility, eliminating 723 Utah jobs. ✅ Tyson opened the 600,000-square-foot facility in August 2021 as a highly automated “case-ready” meat plant, one Food

NEWS OF NOTE No. 5 — Carlyle Acquires a Utah Defense-Tech Firm, College Football, a National Bank Moves its Headquarters to Utah, Plus Executive Moves Across Higher Education, Manufacturing, Venture Capital and More

NEWS OF NOTE No. 5 — Carlyle Acquires a Utah Defense-Tech Firm, College Football, a National Bank Moves its Headquarters to Utah, Plus Executive Moves Across Higher Education, Manufacturing, Venture Capital and More

EXECUTIVE SUMMARY ✅ Carlyle Group has acquired Centerville, Utah-based defense-technology firm Secturion Systems, making the Utah company the first investment by Carlyle's new dedicated middle-market Aerospace, Defense / Government and Industrials platform; ✅ Brigham Young University Athletics and Lehi-based Entrata have signed a multi-year agreement making

Five Months After a $490 Million Refinancing, Utah’s Varex Imaging Agrees to be Acquired by Teledyne in a $1.1 Billion Deal

Five Months After a $490 Million Refinancing, Utah’s Varex Imaging Agrees to be Acquired by Teledyne in a $1.1 Billion Deal

EXECUTIVE SUMMARY ✅ Salt Lake City-based Varex Imaging has agreed to be acquired by Teledyne Technologies for $18.90 per share in a cash transaction carrying an aggregate value of approximately $1.1 billion, including Varex equity awards and net debt. ✅ Based upon the 42.1 million Varex common shares

Ogden, Utah-Based Highland Partners Makes Its Largest Acquisition Yet with $119 Million Purchase of a Chicago Apartment Tower

Ogden, Utah-Based Highland Partners Makes Its Largest Acquisition Yet with $119 Million Purchase of a Chicago Apartment Tower

EXECUTIVE SUMMARY ✅ Ogden, Utah-based Highland Partners has acquired the 298-unit Exhibit on Superior apartment tower in downtown Chicago for $119 million, marking the largest acquisition in the firm’s history. ✅ The purchase price equates to approximately $399,000 per apartment and gives Highland a 34-story luxury residential

Utah’s Ultradent Agrees to Be Acquired for $900 Million by Mitsui Chemicals, with a Global Dental Products HQ to be Established in South Jordan, Utah

Utah’s Ultradent Agrees to Be Acquired for $900 Million by Mitsui Chemicals, with a Global Dental Products HQ to be Established in South Jordan, Utah

EXECUTIVE SUMMARY ✅ Ultradent Products, Inc. (the 50-year-old South Jordan, Utah-based dental-products company), has agreed to be acquired by Mitsui Chemicals, Inc. in a transaction valued at $900 million. ✅ Mitsui Chemicals also registered MC Dental Holdings America, Inc. this week in Utah, the name of the new