vzphotos/iStock Editorial via Getty Images Cerevel Therapeutics (NASDAQ:CERE) fell 5.5% as investors wait to hear if the Federal Trade Commission will approve its planned $8.7 billion sale to AbbVie (NYSE:ABBV). The deal spread is the widest since the transaction was announced in early December. While there was no specific reasonContinue Reading
Sunshine Seeds/iStock via Getty Images Sibanye Stillwater (NYSE:SBSW) may close a metals streaming deal during Q3 that would raise cash to help boost its balance sheet, CEO Neal Froneman said Tuesday. Potential financiers are conducting due diligence at Sibanye (SBSW), Froneman told Reuters at a mining conference in London. “We’veContinue Reading
anaimd/iStock via Getty Images Vista Outdoor (NYSE:VSTO) ticked down by 1.3% amid a report that the Dept. of Justice is looking at the planned sale of its ammo business to Czechoslovak Group over potential antitrust issues. DOJ antitrust lawyers have held meetings with third parties, including law enforcement groups, thatContinue Reading
ClaudineVM/iStock Editorial via Getty Images Covestro (OTCPK:CVVTF) (OTCPK:COVTY) +6.7% in Frankfurt trading on Monday after saying it has entered “concrete negotiations” with Abu Dhabi National Oil Company on a potential takeover that could value the German chemical company at ~€11.7B ($12.5B). Adnoc said it has told Covestro (OTCPK:CVVTF) (OTCPK:COVTY) itContinue Reading
Sundry Photography Nvidia (NASDAQ:NVDA) signed a deal with Qatari telecommunications provider Ooredoo Group that brings its artificial intelligence technology to data centers in five Middle Eastern countries, the companies announced on Sunday. Terms of the deal weren’t disclosed. Ooredoo will be the first company to provide direct access to Nvidia’sContinue Reading
DaveAlan/iStock Unreleased via Getty Images After two years of bargaining, Alaska Airlines has reached a tentative agreement with a union representing its flight attendants to avoid a potential strike during the busy summer travel season. The agreement caps multiple trade union actions organized by the Association of Flight Attendants overContinue Reading
phototechno Amylyx Pharmaceuticals (NASDAQ:AMLX) has signed an agreement with Eiger BioPharmaceuticals (OTC:EIGRQ) to acquire the rights to the latter’s Phase 3-ready GLP-1 receptor antagonist, Avexitide. Cambridge, Massachusetts-based Amylyx (AMLX) has agreed to pay $35.1M plus other payments for the acquisition, the company announced in an SEC filing late Friday. TheContinue Reading
alxpin/E+ via Getty Images AeroVironment (NASDAQ:AVAV) closed -7% on Friday after the U.S. State Department cleared the potential sale of rival Anduril Industries’ Altius 600M-V unmanned aerial vehicles to Taiwan in a ~$300M deal. The sale would include 291 Altius 600M-V systems, Altius 600 inert training UAVs, Pneumatic Integrated LaunchContinue Reading
Just_Super/E+ via Getty Images HashiCorp (NASDAQ:HCP) ticked up by 0.4% at least partly amid a report about the antitrust review of its planned sale to IBM (NYSE:IBM). The Dept. of Justice, which has a history of reviewing IBM (IBM) deals, didn’t have any issues with the $6.4 billion sale ofContinue Reading
