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Adastra Acquired by Global Investment Firm Carlyle

1. Carlyle Group plans to acquire majority stake in Adastra Group. 2. Acquisition pending regulatory approvals across various jurisdictions.

M&A
+2.45%Current Return
VS
+1.02%S&P 500
$59.5907/22 11:55 AM EDTEvent Start
$61.0507/23 06:19 PM EDTLatest Updated
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FAQ

Why Bullish?

Major acquisitions often signal growth potential, similar to historical Carlyle deals boosting stock prices.

How important is it?

The acquisition may enhance Carlyle's capabilities in AI and data services, fueling future growth.

Why Long Term?

Successful integration of Adastra could enhance Carlyle's portfolio, impacting growth over several quarters.

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PRAGUE & TORONTO & LONDON & HONG KONG--(BUSINESS WIRE)--Adastra Group SE (“Adastra”), a leading global IT consultancy and services provider specializing in AI, data and cloud transformations today announced that Global investment firm Carlyle (NASDAQ: CG) has agreed to acquire a majority stake in the Group. Completion of the acquisition is subject to standard regulatory approvals in several jurisdictions. Founded in 2000 with headquarters in Prague, Czech Republic and Toronto, Canada, Adastra s.

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