Novartis will acquire Tourmaline Bio for $48 per share, valuing the New York-based biopharmaceutical company at $1.4 billion on a fully diluted basis, the Swiss pharma giant said on Tuesday. Tourmaline is focused on...
Worth more that the GDP of 100+ nations, Atlassian acquires The Browser Company for $610 million
Atlassian announced Thursday, September 4, it will acquire New York-based startup The Browser Company for $610 million in cash, marking the enterprise software company’s entry into the competitive AI-driven...
Valor Estate may also move NCLT to revise Lavasa offer
Valor Estate is the latest bidder likely to file a plea in the Mumbai National Company Law Tribunal (NCLT) to be allowed to revise its resolution plan for Lavasa Corp after the tribunal allowed Welspun-Ashdan Developers...
Levine Leichtman weighs selling stake in debt fund administrator GLAS, sources say
The owner of Global Loan Agency Services (GLAS) is exploring selling its stake in the debt administration services firm, three people familiar with the matter told Reuters, which would be the latest deal in a sector...
Fosun unit to divest 40% stake in Portugal’s Luz Saude to Macquarie-linked firm
Hong Kong-listed Chinese conglomerate Fosun International said on Friday its unit had agreed to sell a 40% stake in Portugal-based hospital operator Luz Saude for 310 million euros ($362.92 million) to an entity linked...
Cadence Design to buy Hexagon’s design and engineering unit for $3.16 billion
Cadence Design said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB for 2.7 billion euros ($3.16 billion), to expand its customer base and scale up its product portfolio. The U...
Canada’s Strathcona buys more MEG Energy shares, to oppose Cenovus deal
Canadian oil and gas producer Strathcona Resources said on Thursday it has bought additional 6.04 million common shares of rival MEG Energy for about C$172.7 million ($124.99 million). Strathcona now owns or controls...
ExxonMobil considers sale of European chemical plants, FT reports
ExxonMobil is seeking to offload its European chemical plants in the UK and Belgium as the sector reels from the impact of U.S. tariffs and competition from China, the Financial Times reported on Thursday, citing people...
Plains to buy EPIC Crude stake for $1.6 billion from Diamondback, Kinetik
Plains All American Pipeline said on Tuesday it would buy a 55% stake in pipeline operator EPIC Crude Holdings from units of Diamondback Energy and Kinetik Holdings for $1.57 billion, including $600 million in debt...
Insurer IAG’s proposed $877 million buy of RAC insurance draws ACCC scrutiny
Australia’s competition watchdog said on Thursday that Insurance Australia Group’s proposed A$1.35 billion ($877.23 million) acquisition of The Royal Automobile Club of Western Australia’s insurance...
Anglo American to sell remaining stake in Valterra
Global miner Anglo American is selling off its remaining stake in Valterra Platinum, worth around $2.4 billion, it said on Wednesday, marking its full exit from its former subsidiary. The company has launched an...
OpenAI to acquire product testing startup Statsig, appoints CTO of applications
OpenAI said on Tuesday it will acquire Statsig in an all-stock deal valuing the product testing startup at about $1.1 billion based on OpenAI’s current valuation of $300 billion. The ChatGPT maker will also...
