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...
Multibillion-dollar deals fuel pickup in India’s mergers & acquisitions activity
After a lull earlier this year, activity in mergers and acquisitions has picked up in India, led by multibillion-dollar cross-border deals and the involvement of global private equity funds and local firms. Increasingly...
Sequent and Viyash Life merger plan gets shareholder approval
The proposed merger of Carlyle portfolio companies Sequent Scientific and Viyash Life Sciences has got overwhelming support from shareholders, the company’s management told ET. It secured approval from 99.98% of...
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...
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Benevrages, PepsiCo’s second-largest global bottling partner, will manufacture visi-coolers under its joint venture White Peak Refrigeration, formed with Everest International Holdings. With a 50%...
Hunch Ventures takes over Jamie Oliver India restaurants
Global investment firm Hunch Ventures is acquiring casual and fine-dine chain Jamie Oliver Restaurants in India from London-based consumer investor platform International Market Management (IMM) which held 51% stake in...
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...
Astral’s board nod to acquire remaining 5% stake in Seal IT
Astral said that its board has approved to acquire remaining 5% equity stake in its wholly owned subsidiary, Seal IT Services UK (Seal IT) for total consideration of GBP 4,00,000 (approximately Rs 4.75 crore). By...
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...
