Wednesday, March 6, 2019

Five notes on area businesses for March 6, 2019 - News - Milford Daily News

Send news about your local business to MWBusiness@wickedlocal.com. We're interested in news about business people, expansions, openings and community involvement by MetroWest businesses and business people. Follow Daily News Business Editor Bob Tremblay on Twitter @Bob Tremblay_MW

Biogen Inc. seals deal to buy Waltham's Nightstar

Nightstar Therapeutics, a Waltham-based clinical-stage gene therapy company developing treatments for rare inherited retinal diseases, and Biogen Inc. announced that they have reached agreement on the terms of a recommended acquisition whereby the entire issued and to be issued share capital of Nightstar will be acquired by Tungsten Bidco Limited (a newly incorporated company and wholly owned subsidiary of Biogen Switzerland Holdings). It is intended that the acquisition will be implemented by means of a U.K. court-sanctioned scheme of arrangement under Part 26 of the U.K. Companies Act 2006. Under the terms of the acquisition, Nightstar Shareholders will be entitled to receive $25.50 in cash for each Nightstar Share. For more information, visit www.nightstartx.com.

Holliston's Harvard Bioscience reports record revenue

Harvard Bioscience, a Holliston-based global developer, manufacturer and marketer of a broad range of solutions to advance life science, reported its financial results for the fourth quarter and full year ended Dec. 31, 2018. “In addition to strong growth in adjusted gross profit, adjusted operating income and adjusted earnings per share, we also reported record quarterly revenue,” said Jeffrey Duchemin, president and CEO of Harvard Bioscience. “Our strong fourth quarter results reflect our successful integration of our acquisition of Data Sciences International while continuing to execute on our overall strategy." Revenue, as measured under generally accepted accounting principles, or GAAP, for the three months ended Dec. 31, 2018 was $33.9 million, an increase of 56 percent, or $12.2 million, compared to revenue of $21.6 million for the three months ended Dec. 31, 2017. For more information, visit https://ift.tt/KOmkaj.

State treasurer announces unclaimed property owners

Massachusetts State Treasurer Deborah Goldberg recently announced the latest grouping of names that have been added to the state’s list of unclaimed property owners. More than 45,000 new properties worth millions of dollars are owed to individuals and businesses throughout the commonwealth. Unclaimed property includes forgotten savings and checking accounts, uncashed checks, insurance policy proceeds, stocks, dividends and the contents of unattended safe deposit boxes. Most accounts are considered abandoned and are turned over to the state after three years of inactivity. Last year, treasury processed over 123,000 claims and returned over $125 million in property to its rightful owners. This newly released list includes only individuals and businesses with unclaimed property over $100. Goldberg urged all citizens to check the comprehensive list for all amounts at https://ift.tt/2C9cHlW; 888-344-6277.

Core Connection adds Pilates studio in Westborough

Rita Matraia, owner and founder of The Core Connection, this week announced that her boutique fitness studio is adding a second Reformer Pilates studio in the Westborough Shopping Center, 18 Lyman St. The new studio, which is scheduled to open in mid-March, will feature four reformer/tower machines and Pilates classes for beginner through advanced students. “While The Core Connection offers more than 100 classes a week for everything from spin to yoga to barefoot cardio fusion, Pilates is our main offering,” Matraia said. For more information, visit https://ift.tt/2UmJtXT.

Hobbs Brook selects JLL as agent for Waltham complex

Hobbs Brook Management LLC, a commercial property management and development firm specializing in leasing, construction and development of Class A office space, has selected JLL as the exclusive broker for 225 Wyman St., a 500,000-plus-square-foot new office and lab development on its Waltham campus. When complete, the new building will be the largest contiguous Class A office building constructed along the Rte. 128 “technology belt” in Massachusetts. Hobbs Brooks Management plans to begin construction in the second quater with the building ready for interior fit-out by the end of 2020. For more information, visit www.hobbsbrook.com.



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