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Smart For Life To Acquire Purely Optimal Nutrition For Undisclosed Terms
(RTTNews) - Health & Wellness firm Smart for Life, Inc. (SMFL) announced Monday that it has executed a definitive agreement to acquire Purely Optimal Nutrition, a premier eCommerce nutraceuticals company with operations in North America. The terms of the deal were not disclosed.
The profitable acquisition is expected to contribute more than $8 million of annualized revenue and over $1 million of adjusted EBITDA.
The acquisition is expected to close within the next eight weeks and is subject to financing and customary closing conditions.
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SEC Fines Seven Companies With Whistleblower Violation
The U.S. Securities and Exchange Commission announced that it has settled charges against seven public companies for using employment, separation, and other agreements that violated rules prohibiting actions to impede whistleblowers from reporting potential misconduct to the SEC. The companies agreed to pay more than $3 million combined in civil penalties to settle the SEC's charges.
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DAX Down 2.2% As Stocks Extend Recent Plunge
After suffering its worst setback in about eight months on Thursday, the German market is deep down in negative territory again with stocks reeling under a fresh bout of selling pressure on Friday amid concerns about growth following U.S. President Donald Trump's tariff moves.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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European Shares Extend Losses On Growth Worries
European shares traded lower on Friday, extending steep losses from the previous session after U.S. President Donald Trump announced significantly harsher-than-expected tariffs.
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Asian Shares Extend Losses In Thin Holiday Trade
Asian stocks extended losses in thin trade on Friday, with markets in mainland China, Hong Kong and Taiwan closed for Tomb Sweeping Day holiday.
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Indian Rupee Rises To Near 4-month High Amid Trump's Reciprocal Tariffs
The Indian rupee strengthened against the U.S. dollar in the early European session on Friday, as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts supported the INR.
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