Spain’s biggest refinery operator Repsol SA is considering a reverse merger of its upstream unit with potential partners, including U.S. energy producer APA, Bloomberg News reported on Thursday, citing people with...
Pfizer completes up to $10 billion acquisition of Metsera
Pfizer on Thursday closed its up to $10 billion acquisition of Metsera after winning shareholder approval, gaining a foothold in the fast-growing obesity market following a fierce bidding war with Novo Nordisk. The...
Pfizer slashes stake in COVID vaccine partner BioNTech
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...
Biocon considers merging Biocon Biologics in $4.5 billion deal; IPO and share swap options under review
Biocon Ltd is exploring the merger of its biosimilars arm Biocon Biologics Ltd with itself, people aware of the development told ET. The potential deal is said to value the arm at around $4.5 billion, they said. The...
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...
Debt-laden Kinara Capital looks to sell majority stake for survival
Crisis-hit non-bank financier Kinara Capital Pvt. Ltd is tapping strategic investors—fintechs and other non-banking financial companies (NBFCs)—to pump in funds in exchange for a majority stake in the company, said...
NCLT Mumbai reserves order on Vedanta’s demerger proposal; petroleum ministry cites concerns
The Mumbai bench of the National Company Law Tribunal reserved its order in the matter of the proposed Vedanta demerger, which India’s petroleum and natural gas ministry has opposed. “We heard both the parties. The...
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...
