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 s