Saturday, September 19, 2020

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...

British Airways allegedly deplaned Indian family for crying child

The father has written to Aviation Minister Suresh Prabhu, and British Airways too has assured the family it will launch a probe into the matter. An Indian couple on board the British Airways flight from...

Apple now sells more watches than the entire Swiss watch industry

The Apple Watch continues to dominate the market The Apple Watch wasn’t just the best-selling smartwatch last year, but also put the Swiss watch industry to shame, according to new sales estimates compiled...

GlaxoSmithKline (GSK) consumer health sell-off ahead of Pfizer joint venture

GlaxoSmithKline (GSK) has begun the sale of some of its consumer health brands, hoping to raise around £1 billion before spinning off its consumer healthcare business with Pfizer, according to reports. Citing...

Splitit to go global with Mastercard deal

ASX-listed buy now, pay later outfit Splitit is going for global growth through a multi-year distribution and development partnership with Mastercard Under the arrangement, the New York-based andIsraeli-founded firm's...

Drug and Biotech Stocks Rise on Trump Win

Investors in the healthcare industry were thrilled by the victory of Donald Trump, causing shares in drug makers to rise. Pharmaceutical giants and large biotech firms saw their shares surge sharply on Wednesday, with...

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