Rural healthtech startup CureBay has acquired the pharmaceuticals distribution business of B2B (business-to-business) health marketplace Saveo, Priyadarshi Mohapatra, founder and chief executive of CureBay told Mint...
Altai Capital presses OraSure to sell and give it board seats, letter says
Activist investor Altai Capital Management called on OraSure Technologies to explore a sale, saying the medical device maker could fetch double its current share price. The hedge fund also said it would like board...
Victory Capital sweetens $8.6 billion Janus Henderson bid with more cash
Victory Capital revised its $8.6 billion cash-and-stock offer for rival Janus Henderson on Tuesday, ratcheting up efforts to derail the asset manager’s take-private deal with Nelson Peltz’s Trian and...
Unilever considers separation of its food assets, Bloomberg News reports
Unilever is in the early stages of weighing a separation of its food assets as the consumer goods maker plans to streamline its business, Bloomberg News reported on Tuesday, citing people familiar with the matter...
Spandex maker Lycra files for bankruptcy to cut $1.2 billion in debt
The Lycra Company, a maker of spandex and other stretch fabrics, has filed for Chapter 11 bankruptcy protection in Houston, Texas, on Tuesday, seeking to shed $1.2 billion in debt. The company’s lenders agreed to...
GSR acquires crypto advisory firms in $57 million expansion
Crypto trading firm and liquidity provider GSR is acquiring two digital asset advisory firms in a $57 million deal to become a “one stop shop” crypto capital markets partner, the company said on Tuesday...
3D Energi says ConocoPhillips’ Australian unit seeks to buy its stake in Otway Basin
Australia’s 3D Energi said on Wednesday it received a buyout notice from the Australian unit of ConocoPhillips to acquire its participating interest in the VIC/P79 exploration permit, offshore Otway Basin, for...
Elliott Management confirms stake in Japan shipper Mitsui OSK
Elliott Investment Management said on Wednesday that it has built a “significant” investment in Japanese shipping company Mitsui OSK Lines, confirming an earlier Reuters report.
Apple acquires visual effects plugins company MotionVFX
Apple has acquired Polish visual effects software company MotionVFX, bringing one of its third-party creators in the Final Cut Pro ecosystem into its fold. The company confirmed the acquisition in a blog post on Monday...
Swiss technology firm Centiel plans to go public in April
Swiss technology firm Centiel plans to go public on the Swiss stock exchange in mid-April by merging with HT5, a holding company that is already listed there, targeting a market capitalisation of 166 million Swiss...
Petrobras to purchase Petronas’ stakes in two offshore fields for $450 million
Brazilian state-run firm Petrobras said on Monday it had decided to exercise its right to purchase Malaysian company Petronas’ 50% stake in two offshore fields in Brazil for $450 million, according to a...
Drone-maker AeroVironment buys aerospace engineering firm ESAero in $200 million deal
Drone maker AeroVironment said on Monday it has acquired Empirical Systems Aerospace, a producer of unmanned aircraft systems and advanced air mobility platforms, in a cash-and-stock deal valued at about $200 million...
