Pfizer Inc said on Thursday it sold a part of its stake in German drugmaker BioNTech SE, more than five years after both firms formed an alliance that yielded a vaccine to combat the deadly COVID-19 pandemic. The U.S...
Merck nearing deal for Cidara, FT reports
Merck is closing in on a deal to buy Cidara Therapeutics in a deal valuing the biotechnology company at a premium to its $3.3 billion market capitalization, the Financial Times reported on Thursday. The deal could be...
Business Payments Firm Bill Holdings Is Exploring a Sale
Bill Holdings Inc., the business-payments firm under pressure from activist investor Starboard Value LP, is exploring options including a potential sale, people familiar with the matter said. The San Jose, California...
BP in active talks with Stonepeak over Castrol sale, sources say
BP is in active negotiations with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy...
Dayforce shareholders back Thoma Bravo’s $12.3 billion take-private deal
Dayforce said that it has received an overwhelmingly positive stockholder vote for a proposed $12.3 billion buyout of the HR software provider by Thoma Bravo, a month after its largest shareholder said it would vote...
Berlin considers acquiring 25.1% minority stake in TenneT Germany
The German government is considering acquiring a 25.1% minority stake in TenneT Germany, an economy ministry spokesperson said on Wednesday. “We see an opportunity to acquire a strategic minority stake in...
Edgewell divests unit behind Stayfree, Playtex to Sweden’s Essity for $340 million
Edgewell Personal Care has agreed to sell its North American feminine care business, which includes the likes of Stayfree sanitary napkins, to Swedish health and hygiene firm Essity for $340 million, the U.S. consumer...
Self-driving truck firm Einride to go public via SPAC deal at $1.8 billion valuation
Swedish autonomous trucking company Einride said on Wednesday it has agreed to go public in the U.S. through a merger with blank-check firm Legato Merger Corp III in a deal valuing the company at $1.8 billion. The...
Indonesia government backs planned merger of Grab and GoTo, sources say
The Indonesian government fully backs a possible merger between ride-hailing and food delivery firm GoTo and Singapore-based rival Grab after initially opposing a deal, two sources with knowledge of the matter said on...
Dutch bank ABN Amro buys domestic peer NIBC for $1.1 billion
Dutch bank ABN Amro on Wednesday said that it had acquired domestic commercial lender NIBC Bank from private equity firm Blackstone, strengthening its position in its home market. The acquisition, for an estimated price...
Shah Capital pushes for Novavax sale, warns of proxy fight
Shah Capital, Novavax’s second-largest shareholder, is pressing the biotech’s board to pursue strategic changes, including a potential sale, and warned it could launch a proxy fight if no progress is made in...
Permira in talks with China’s HongShan on $3 billion Golden Goose sale, sources say
Private equity firm Permira is in advanced talks with China’s HongShan Capital Group (HSG) to sell Italian luxury sneaker maker Golden Goose at a valuation of over 2.5 billion euros ($3 billion), two sources close...
