Maksim Labkouski Shares of ReShape Lifesciences (NASDAQ:RSLS) climbed in the premarket Tuesday after the medical device maker reached a merger agreement to combine with privately held specialty pharma company Vyome Therapeutics in an all-stock transaction. Per the terms of the deal, current ReShape (RSLS) stockholders will own a roughly 11.1%Continue Reading
sitox Pineapple Energy (NASDAQ:PEGY) +66.2% pre-market Tuesday after announcing a partnership with Conduit Capital that will include two new board members and the resignation of its CFO. Pineapple (PEGY) said Conduit Capital will provide structural internal support, staffing, and assistance with capital raising activities, as well as add key talentContinue Reading
SimonSkafar/iStock via Getty Images Third time’s the charm. London-listed soft drinks maker Britvic (OTCQX:BTVCY) has agreed to a takeover by Danish brewer Carlsberg (OTCPK:CABGY), creating a beverage giant “with a strong platform for continued success.” The move will help Carlsberg (OTCPK:CABGY) diversify outside of the beer market, with an expansionContinue Reading
mixmotive/iStock Editorial via Getty Images A special committee of Paramount Global’s (NASDAQ:PARA) board has agreed to a deal with Skydance Media. The special committee approved the sale to Skydance on Sunday, according to media reports, including Bloomberg, Wall Street Journal and the New York Times. Under the agreement, Skydance wouldContinue Reading
Maksim Labkouski/iStock via Getty Images R1 RCM (NASDAQ:RCM) jumped 10% in after hours trading as TCP-ASC said it’s in the process of finalizing a proposal to purchase the outstanding shares of the company not owned by the holder. The proposal is for a higher price than the $13.25 described inContinue Reading
AlbertPego/iStock via Getty Images Golar LNG (NASDAQ:GLNG) +10.3% pre-market Friday after saying it entered into definitive agreements with Pan American Energy (OTCQB:PAANF) for a 20-year deployment of a floating liquefied natural gas vessel in Argentina, tapping into the Vaca Muerta shale formation in the Neuquina Basin, the world’s second-largest shaleContinue Reading
ewg3D/E+ via Getty Images CoStar (NASDAQ:CSGP) and Matterport (NASDAQ:MTTR) disclosed they received a request for more information from the Federal Trade Commission about their planned deal. The effect of the second request is to extend the waiting period of the HSR Act until 30 days after the companies have substantiallyContinue Reading
BeyondImages/iStock via Getty Images Teck Resources (NYSE:TECK) +2.4% pre-market Friday after Canada’s government approved Glencore’s (OTCPK:GLCNF) (OTCPK:GLNCY) US$6.9B acquisition of a 77% stake in Teck’s metallurgical coal business. Industry Minister Francois-Philippe Champagne said Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) accepted several conditions to protect local jobs and keep executive offices in western Canada,Continue Reading
vzphotos/iStock Editorial via Getty Images Cerevel Therapeutics (NASDAQ:CERE) quickly fell 4% amid a report about the Federal Trade Commission’s review of its sale to AbbVie. The staff of the FTC’s Mergers 1 section is said to be apparently considering a recommendation to block the Cerevel (CERE) deal, according to aContinue Reading
mixmotive/iStock Editorial via Getty Images A Paramount Global (NASDAQ:PARA) deal with Skydance Media is expected to be completed by the weekend. Paramount jumped 15% in premarket trading. A transaction to purchase Paramount (PARA) controlling holder National Amusement and merge it with Paramount could happen as soon as Friday, according toContinue Reading
