SOMKID THONGDEE/iStock via Getty Images Exela Technologies (NASDAQ:XELA) on Monday said that its Board of Directors has authorized the company to consider a spin-off of its wholly owned subsidiary, Exela Technologies BPA, to Exela stockholders. The potential spin-off, if completed, would likely be structured so that all Exela (XELA) stockholdersContinue Reading
jroballo Li-Metal (OTCQB:LIMFF) has entered into a non-binding letter of intent with an arm’s length purchaser, for the sale of its lithium metal business for an indicative purchase price of $11M. The LOI grants the potential purchaser an exclusivity period of no less than 30 days for the parties toContinue Reading
Dubai, United Arab Emirates, June 27th, 2024, Chainwire Bybit, the world’s second-largest web3 platform by trading volume, is proud to announce its recognition as the recipient of the prestigious Banking and Finance – Innovative Collaborations and Partnerships Achievement Award at the MEA Business Awards 2024. This award celebrates Bybit’s groundbreakingContinue Reading
Worawee Meepian Nokia (NYSE:NOK) Thursday said that it has signed a put option agreement with the French State, contemplating the sale of Alcatel Submarine Networks for €350 million. Nokia (NOK) said it would retain a 20% shareholding and board representation until targeted exit to ensure a smooth transition. By divestingContinue Reading
i3 Verticals (NASDAQ:IIIV) and Payroc WorldAccess on Wednesday said the companies have entered into an agreement whereby Payroc will acquire i3 Verticals’ merchant of record payments business, including its associated proprietary technology, in an all-cash transaction for $440M. The closing is expected to occur sometime in i3 Verticals’ fiscal fourth quarter. Source:Continue Reading
CASI Pharmaceuticals (NASDAQ:CASI) surged in extended trading on Wednesday after the company said it has received a preliminary proposal from CEO Wei-Wu-He to acquire its entire business operations in China. Shares of the China-based biotech were up nearly 80% at $6.41 in trading after the bell. According to the proposal,Continue Reading
gorodenkoff June Survey of Business Uncertainty: Sales revenue growth (smoothed) uncertainty over the next four quarters retreated to 3.77% from 3.82% in May. Sales revenue growth expectations have returned to their pre-pandemic average, though “firms remain more uncertain about future sales growth than before the pandemic,” the Atlanta Fed said.Continue Reading
phototechno Consumer healthcare company Haleon (NYSE:HLN) announced an agreement on Wednesday to sell its nicotine replacement therapy (NRT) business outside the U.S. to a subsidiary of the Indian drugmaker Dr. Reddy’s Laboratories (NYSE:RDY). Per the terms, Dr. Reddy’s Laboratories SA, a unit of Dr. Reddy’s (RDY), will buy Haleon’s (HLN)Continue Reading
Amcomri Entertainment (OTCPK:AMNNF) said it has entered into an agreement to sell certain assets of the company utilized for the sale and distribution of television productions through television, streaming and other platforms. The aggregate consideration under the deal is $24.6 million, which consists of cash in the amount of $18.3Continue Reading
vittaya25 American International Group (NYSE:AIG) has agreed to sell its global travel insurance and assistance business to Zurich Insurance Group (OTCQX:ZURVY) for $600 million, including the Travel Guard business and its servicing capabilities, excluding Japan and our AIG joint venture arrangement in India. The total consideration will be paid inContinue Reading
