Mergers and Acquisitions

Two Weeks after Raising $20 Million, Udo Acquires Smile Virtual Farmington, Utah-based Udo announced last week that it has acquired Phoenix, Arizona-based Smile Virtual. Although Udo did not disclose the financial terms of this acquisition, it did, in fact, announce just two weeks earlier that it had raised $20 million

Post-merger, the expectation is that the coffee-making/selling Black Rifle will be worth $1.7 billion as a publicly traded firm.

In these M&A NEWS write-ups we will group together information about mergers and acquisitions of (and by) Utah-based organizations into one combined story, announcements where financial terms of these individual transactions are not disclosed.

Texas Instruments quarterly report: "In October 2021, we completed our acquisition of Micron Technology’s 300-millimeter semiconductor factory in Lehi, Utah, for cash consideration of about $900 million."

Orem, Utah-based Blue Raven Solar [https://blueravensolar.com/] has been acquired by one of the largest solar power companies in the country, SunPower ( NasdaqGS:SPWR [https://finance.yahoo.com/quote/SPWR?p=SPWR&.tsrc=fin-srch]), for $145 million in cash. {A copy of the news release can be found

Nonprofit healthcare systems Intermountain Health and SCL Health have announced plans to merge, closing in early 2022.

Historically, the Dog Days of Summer mark the time when nothing of any note happens in business. But this year, the Silicon Slopes business community has blown that cliché out of the water. Case in point, Orem, Utah-based VIA Motors International has announced it is being acquired by New York

"the numbers are staggering ... at least by the standards previously set within Utah ..."