--- title: "Deal Dispatch: Morgan Stanley Buys Vinyl Equity, Fox Completes Roku Acquisition, Children's Place Files for Chapter 11" type: "News" locale: "en" url: "https://longbridge.com/en/news/305497526.md" description: "Major M&A activity includes Fox completing its acquisition of Roku, Morgan Stanley buying Vinyl Equity, and CorMedix acquiring Heron for $145M. Xcel Brands explores strategic alternatives. In bankruptcy news, Children's Place filed for Chapter 11 due to liquidity strains, while Mercer International and Pasha Silver Jewelry also entered Chapter 11 proceedings." datetime: "2026-11-13T18:36:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/305497526.md) - [en](https://longbridge.com/en/news/305497526.md) - [zh-HK](https://longbridge.com/zh-HK/news/305497526.md) generator: "portal-rs" --- # Deal Dispatch: Morgan Stanley Buys Vinyl Equity, Fox Completes Roku Acquisition, Children's Place Files for Chapter 11 ## **New On The Block** **Xcel Brands** (NASDAQ:XELB) is exploring strategic alternatives, including a potential sale or divestiture of legacy consumer brands and related intellectual property, as it looks to streamline operations, strengthen its balance sheet and focus on its core digital-first, influencer-led live commerce business. **Longevity Health Holdings** is evaluating strategic alternatives for the company’s bio-aesthetic and therapeutic businesses in an effort to maximize value for shareholders. Potential options include a merger, reverse merger, business combination, sale or licensing of certain businesses or assets, or a strategic partnership. **Read Also: Jensen Huang Is Out At Nvidia: 4 Private Equity Giants with Big Bets on Its AI Infrastructure Future** ## **Updates From The Block** **CorMedix** **Therapeutics** (NASDAQ:CRMD) agreed to acquire substantially all of **Heron** **Therapeutics’** (NASDAQ:HRTX) assets in a deal that includes $145 million in upfront cash, approximately 14.6 million shares of CorMedix common stock and up to $55 million in potential earn-out payments, plus royalties on sales of certain Heron products. The acquisition will add four commercial-stage drugs to CorMedix’s portfolio. The transaction is expected to close in the first quarter of 2027. Chicago-based **Craveworthy Brands** signed a definitive agreement to acquire **New England Authentic Eats**, the Massachusetts-based parent company of **Papa Gino’s Pizzeria.** The deal marks Craveworthy’s largest acquisition to date, though financial terms were not disclosed. The transaction is expected to close by Dec. 31. **Entegris** acquired **Advanced Abrasives Corporation,** a provider of precision abrasive products and solutions used in high-tech manufacturing. The acquisition expands Entegris’ portfolio of advanced materials and process solutions serving the semiconductor and other high-tech industries. Financial terms of the deal were not disclosed. **Morgan Stanley** (NYSE:MS) is buying **Vinyl Equity,** a digital-first SEC-registered transfer agent and shareholder recordkeeping platform. Financial terms of the deal were not disclosed. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2027. **Branford Castle Partners** acquired **Floratine Products Group, Inc.**, a formulator and manufacturer of specialty plant-nutrition products for golf courses, sports turf and agricultural applications. Terms of the transaction were not disclosed. ## **Off the Block** **Bayou Midstream II** and **EIV Capital** completed their acquisition of **Argent Gas Solutions,** a Silver Hill Energy Partners subsidiary that owns and operates natural gas gathering, compression and processing assets across three counties in North Dakota’s northeastern Bakken region. **Fox Corporation** (NASDAQ:FOXA) completed its acquisition of **Roku** (NASDAQ:ROKU), combining Fox’s sports, news and local programming with Roku’s connected TV platform. The deal expands Fox’s presence in streaming and connected TV as part of its broader digital strategy. Fox expects to generate approximately $400 million in annual cost synergies within two years and anticipates the acquisition will boost free cash flow per share by the second full year after closing. **Arko Petroleum Corp.** completed its acquisition of Great Lakes fuel distributor **U.S. Petroleum Partners**. The deal, which was first announced in August, included approximately $200 million in cash, plus inventory value, and roughly two million shares of APC Class A common stock valued at about $30 million, which will be held in escrow, CSP Daily News reported. **BlueMatrix** completed its acquisition of **Aiera**, a consortium-backed content delivery platform, bringing research authoring, governance and AI distribution together on a single stack. Financial terms were not disclosed. **Installed Building Products, Inc.** (NYSE:IBP) completed its acquisition of **Old Dominion Group,** a mechanical and industrial insulation installation company, in a transaction valued at $698 million, expanding its commercial and industrial operations into a combined platform. ## **Bankruptcy Block** Children’s clothing retailer **Children’s Place** filed for Chapter 11 bankruptcy, Reuters reported. The company reported assets of $742.3 million and liabilities of $881.3 million as of Aug. 1. The company cited declining sales and profitability, competitive and promotional pressures, rising costs and significant liquidity strains as the reason behind the filing. **Mercer International** (NASDAQ:MERC) filed for prepackaged Chapter 11 bankruptcy as part of a previously announced restructuring agreement. The company and one non-operating subsidiary filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas to carry out a reorganization. Mercer said its operating subsidiaries are not part of the bankruptcy and will continue normal business operations. Miami-based jewelry and souvenir retailer **Pasha Silver Jewelry** filed for Chapter 11 bankruptcy. The company listed its assets between $0 and $50,000 and liabilities of the same, and its creditors between one to 49. **Read Also: OpenAI, Kraken And Discord: 5 Billion-Dollar Private Companies on Forge's Upcoming IPO List** *For the previous edition of Deal Dispatch,* *click here.* *Image: Edited by Benzinga using Shutterstock* ### Related Stocks - [CRMD.US](https://longbridge.com/en/quote/CRMD.US.md) - [CTCX.US](https://longbridge.com/en/quote/CTCX.US.md) - [FOX.US](https://longbridge.com/en/quote/FOX.US.md) - [FOXA.US](https://longbridge.com/en/quote/FOXA.US.md) - [HRTX.US](https://longbridge.com/en/quote/HRTX.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [PLCE.US](https://longbridge.com/en/quote/PLCE.US.md) - [ROKU.US](https://longbridge.com/en/quote/ROKU.US.md) - [XAGE.US](https://longbridge.com/en/quote/XAGE.US.md) - [XELB.US](https://longbridge.com/en/quote/XELB.US.md) - [MRK.US](https://longbridge.com/en/quote/MRK.US.md) ## Related News & Research - [Fox closes $8.4 billion senior unsecured notes offering](https://longbridge.com/en/news/305504725.md) - [Morgan Stanley (MS) Agrees To Acquire Digital Transfer Agent For Wealth Push](https://longbridge.com/en/news/305346140.md) - [CorMedix Q3 revenue beats on higher sales from acquired Melinta portfolio](https://longbridge.com/en/news/305315086.md) - [CorMedix agrees to acquire substantially all Heron Therapeutics assets](https://longbridge.com/en/news/304848789.md) - [Heron’s 18.3% Stake in Cormedix Raises Governance Risks and Potential Valuation Overhang](https://longbridge.com/en/news/305439652.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**