Medivation snubs Sanofi’s takeover bid
Medivation has rejected Sanofi’s $9.3 billion offer, saying it seriously undervalues the company. Sanofi’s offer came in at $52.50 per share, which was almost $4 less than Medivation’s share price as at Friday 29th...
Sir Richard Branson to take massive cut from Virgin America Sale
Though he claims not to be happy about it, but as Alaska Air prepares to acquire Virgin America, Sir Richard Branson is set to gain roughly $800 million from the deal. Virgin America...
Schlumberger Finalises Cameron Acquisition
The merger of Schlumberger and Cameron International has finally been concluded. Schlumberger has acquired the oil and gas equipment maker in a cash and stock deal valued at $14.8 billion. Schlumberger is the...
Comcast to buy DreamWorks animation for $3.8b
Comcast division NBCUniversal has made an offer to acquire DreamWorks Animation studio for $3.8 billion. The price offering of $41 per share is a 50 percent premium on the stock’s trading price before...
Hotel Industry M&As Roaring to Life
The merger between hotel operator Marriott International and Starwood Hotels & Resorts is still in progress according to the companies involved. Marriott recently revised its initial offer which valued Starwood at USD 13.6...
PepsiCo Announces Acquisition of Health Warrior, Expanding Presence in On-Trend Plant-Based Space
This Marks the First Investment Led by the PepsiCo HIVE, A New Entity within PepsiCo Designed to Grow Smaller, Emerging BrandsPepsiCo, Inc. announced it has acquired Health Warrior, Inc., a U.S.-based nutrition-forward company that...
Lufthansa Group may halve capacity and ground all A380s in March due to coronavirus
The Lufthansa Group has
announced that it may reduce capacity by up to 50 per cent in the coming weeks,
due to the “exceptional circumstances” caused by the spread of the coronavirus
(‘Covid-19’).
Around 50% of AirAsia’s revenue to come from non-aviation sources: CEO
Malaysia-based low-cost airline AirAsia wants to diversify its business, and according to its chief executive officer Karen Chan, around 50 percent of its revenue will come from non-aviation sources. According to reports,...
Crosslake Fibre to Transform UK and France Connectivity on PlatformDIGITAL® With New CrossChannel Fibre...
Selects Interxion: A Digital Realty Company to enable new open interconnection options for financial, wholesale, large enterprise and cloud customers in the UK and France.Interxion A Digital Realty...
Nuvve and Swell Energy Announce Partnership to Offer Combined Solar, Stationary Battery Storage, and...
The companies join forces to deploy and manage virtual power plants to provide benefits to residential and commercial sectors Nuvve Holding Corp., a global cleantech company electrifying the planet...
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