INDUSTRY UPDATES
Los Angeles-based Verde Bioresins Inc. agreed to be acquired by Nxu Inc. from Humanitario Capital for $16.2 million on Oct. 23.
Updates
More than 70 shuttered 99 Cents Only Stores across Southern California will reopen as Dollar Tree locations as part of a massive acquisition by the discount chain.
California
A massive fire destroyed a Hollywood automotive parts store Saturday afternoon.
Alhambra-based Astrana Health Inc. agreed to acquire Prospect Medical Systems Inc. from Prospect Medical Holdings Inc. for $745 million on November 8.
Long Beach-based Molina Healthcare Inc. agreed to acquire Connecticare Holding Co. Inc. for $350 million on July 23.
The 99 Cents Only Stores announced a partnership with Jenesse Center Inc., a nationally recognized nonprofit domestic violence prevention and intervention organization, for a special event supporting victims of domestic violence.
Rev Group Inc. sold its Riverside-based bus manufacturing unit ElDorado National - California Inc. to Rivaz Inc. for $52 million on October 18.
Acuity Brands Technology Services Inc. entered into an agreement to acquire Costa Mesa-based QSC LLC from QSC Holdings Inc. and others for $1.2 billion on Oct. 24.
Irvine-based Lantronix Inc. signed an agreement to acquire DSZ’s NetComm Wireless’ enterprise Industrial Internet of Things (IoT) Solutions portfolio for $6.5 million on November 7.
Avid Bioservices Inc., a Tustin-based biotech company, agreed to go private in an $850-million deal that values the company at $1.1 billion on Nov. 6.