All posts tagged: TieUp

Electrolux plans about billion share issue, tie-up with Midea in North America to shake up ops

Electrolux plans about $1 billion share issue, tie-up with Midea in North America to shake up ops

Published by Sam Flores

April 23 : Swedish appliance maker Electrolux said on Thursday it would launch a 9 billion Swedish crown ($976.34 million) rights issue and unveiled a tie-up with rival Chinese Midea Group in North America to form three joint ventures as it restructures its operations. One of the joint ventures will sell food preservation products for North America, a second JV will operate a food preservation factory in Mexico, and a third will operate a factory in South Carolina as a fabric care unit, Electrolux said in a statement. The funds raised from the rights issue would be used to partly fund the joint ventures and to carry out other restructuring measures across its operations. The appliance maker said it expects to report total negative non-recurring items (NRIs) of approximately 2.4 billion Swedish crowns in the second quarter of 2026 as a result of the partnership, of which approximately SEK 0.9 billion will have a cash impact.   Electrolux expects to sell some assets in Mexico in the third quarter of 2026 and that is expected to generate …

UFC Fighters Will Train FBI Agents in Tie-Up Between Feds and MMA

UFC Fighters Will Train FBI Agents in Tie-Up Between Feds and MMA

Published by Daniella Wilson

The FBI will be getting a little help from the UFC this week. The Federal Bureau of Investigation and the mixed martial arts promotion UFC said Thursday that UFC fighters will travel to the FBI Special Agent Academy in Quantico, Virginia this weekend to train FBI agents-in-training as well as senior FBI staff from around the world. The federal law enforcement agency and the MMA company say that the athletes and UFC matchmaker Mick Maynard “will provide insight into how they train for competition, as well as demonstrate specific techniques and tactics, offering a unique perspective to the students as they prepare to enter the field office.” The UFC, of course, is set to host an event on the South Lawn of the White House this June. President Trump is a fan of the sport and a friend of UFC CEO Dana White. FBI Director Kash Patel is also known to be a combat sport fan. Executives at TKO Group Holdings, the UFC’s parent company, have told investors that they expect to lose $30 million …