Biotechnology company Biogen Inc. (BIIB) Friday announced its agreement to acquire Reata Pharmaceuticals, Inc. (RETA) for $172.50 per share in cash, reflecting an enterprise value of around $7.3 billion. In pre-market activity on Nasdaq, Reata shares were gaining around 15.2 percent to trade at $125, while Biogen shares were losing […]

FLSmidth (FLIDF.PK), a Danish engineering company, Friday said its Cement unit sold its Advanced Filtration Technologies or AFT filter media business to Micronics, a provider of industrial filtration solutions. Further, the company raised its fiscal 2023 EBITDA margin and adjusted EBITDA margin view to reflect the expected net gain of […]

CF Industries Holdings Inc. (CF), a manufacturer of hydrogen and nitrogen products, announced Monday that it has signed a definitive purchase agreement to buy Waggaman ammonia plant and related assets from Australia’s Incitec Pivot Limited for $1.675 billion. The deal has been unanimously approved by the boards of directors of […]

Netherlands-based Aegon (AEG, AGN) a diversified, international financial services group on Thursday announced it has reached an agreement with a.s.r. Nederland N.V. to combine its Dutch pension, life and non-life insurance, banking, and mortgage origination activities. Aegon would receive 2.5 billion euros in gross cash proceeds, and a 29.99 percent […]

Nikola Corp. (NKLA), a manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, announced Monday that it has agreed to acquire Romeo Power, Inc. (RMO) in around $144 million in all-stock deal. In pre-market activity, Romeo Power shares were gaining around 23.6 percent to trade at $0.68 on the NYSE, while Nikola […]

Kistos PLC (KIST.L) Monday announced that Serica Energy plc’s (SQZ.L) Board of Directors has rejected the revised terms of its merger proposal. In London, Kistos shares were trading at 517.40 pence, down 2.4 percent, while Serica Energy shares were trading at 362.21 pence, up 1.46 percent. It was on July […]

Twitter Inc. has called Billionaire entrepreneur Elon Musk’s purported termination of its $44 billion takeover deal as “invalid and wrongful.” Musk last week had sought to terminate his deal to acquire Twitter, claiming that the social media giant failed to comply with its obligations in the merger agreement. In a […]

Aker BP (DETNF), engaged in the exploration and production of oil and gas on the Norwegian continental shelf on Wednesday announced the fulfilment of all conditions for completion of its merger with Lundin Energy MergerCo AB (publ). The target company i.e., Lundin Energy MergerCo AB (publ) has been newly established […]

Drug major Pfizer Inc. (PFE) announced Tuesday a definitive agreement to acquire Biohaven Pharmaceutical Holding Co. Ltd. (BHVN) for $148.50 per share in cash. In pre-market activity on NYSE, Biohaven shares were gaining around 71 percent to trade at $142.01. Biohaven is the maker of NURTEC ODT, an innovative dual-acting […]

Acacia Pharma Group Plc (ACPH.BR) announced Monday its agreement to be acquired by Eagle Pharmaceuticals, Inc. (EGRX) by way of a scheme of arrangement in around 94.7 million euros cash and stock deal. The total consideration equates to 0.90 euro for each Scheme Share. Under the terms of the proposed […]