08:01 PM EDT, 10/14/2024 (MT Newswires) -- (The following companies were in the news over the Canada Thanksgiving holiday weekend.)

Bausch + Lomb Corporation ( BLCO ) , a global eye health company, over the holiday weekend announced that the U.S. Food and Drug Administration has approved a full range of vision intraocular lens (IOL), which "offers a continuous range of vision with excellent dysphotopsia tolerance on the widely used enVista IOL platform."

Meanwhile, Descartes Systems Group ( DSGX ) , a global player in uniting logistics-intensive businesses in commerce, acquired Sellercloud, a provider of omnichannel ecommerce solutions. Based in the US, Sellercloud supports small and mid-market retailers, distributors, wholesalers, and manufacturers with multi-channel ecommerce operations. Descartes acquired Sellercloud for up-front consideration of approximately US$110 million satisfied from cash on hand, plus additional potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is US$20 million, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2026 and fiscal 2027.

Also, International Petroleum Corporation TSX, Nasdaq Stockholm: IPCO) repurchased a total of 111,400 IPC common shares during the period of October 7 to 11, 2024 under IPC's normal course issuer bid and share repurchase program (NCIB).

Elsewhere, Osisko Development Corp. ( ODV ) closed its prior-announced non-brokered private placement of units of the company, pursuant to which it issued an aggregate of 19,163,410 Units at a price of US$1.80 per unit for an overall offering size to near US$34.5 million. This comprised 13,426,589 units at a price of US$1.80 per unit for gross proceeds of near US$24.2 million, and 5,736,821 units at a price of US$1.80 per unit for gross proceeds of near US$10.3 million. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of US$3.00 per warrant share on or prior to October 1, 2029. The company said it intends to use the net proceeds of the offering towards the advancement of its Cariboo Gold Project and Tintic Project, to partially repay its existing credit facility and for general corporate purposes.