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
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
Maks_Lab A group of former Discovery Inc. investors is set to receive $125M after settling a lawsuit related to allegations that the entertainment firm’s 2022 merger with AT&T’s (NYSE:T) WarnerMedia unit generated improper payouts worth more than $1B to company insiders. Subject to the final approval of Delaware Chancery JudgeContinue Reading
Billionaire investor Mario Gabelli may not sell his stock in Paramount (NASDAQ:PARA) even if it merges with popular Hollywood movie studio Skydance, the New York Post reported in an interview with him on Friday. “I may not sell stock if there is a deal with Skydance. I need to seeContinue Reading
VV Shots/iStock Editorial via Getty Images Vodafone (NASDAQ:VOD) said Virgin Media O2 will acquire some spectrum from the entity formed following the merger of the U.K. telecommunication businesses of Vodafone and CK Hutchison’s (OTCPK:CKHUY) (OTCPK:CKHUF) Three UK. The network sharing agreement is subject to approval of the merger by TheContinue Reading
mixmotive/iStock Editorial via Getty Images Paramount Global (NASDAQ:PARA) (PARAA) parent National Amusements has reportedly come to agreement on preliminary terms to merge Paramount with Skydance Media, a deal that had fallen apart last month. Skydance, led by David Ellison, would buy NAI (the family company of Shari Redstone) and mergeContinue Reading
tzahiV/iStock via Getty Images Six Flags Entertainment Corporation (NYSE:FUN) rose 4.5% on its first day of trading after the merger of equals between the old Six Flags Entertainment and Cedar Fair became final. Each park in the combined company’s portfolio will retain their legacy branding, with no changes to parkContinue Reading
Grafissimo/E+ via Getty Images California Resources (NYSE:CRC) said Monday it completed its all-stock combination with Aera Energy announced in February, after an issuance of shares needed to close the deal was approved by CRC shareholders at a special meeting held on June 26. California Resources (CRC) said pro forma combinedContinue Reading
designer491 Amedisys (NASDAQ:AMED) and UnitedHealth Group (NYSE:UNH) said they have reached an agreement with VCG Luna, an affiliate of VitalCaring Group, to sell some of the two companies’ healthcare centers. The divestiture is being done to appease Department of Justice antitrust concerns over the more than $3B deal that hasContinue Reading
Tibrina Hobson/Getty Images Entertainment DoorDash (NASDAQ:DASH) was reportedly in talks to acquire UK-based Deliveroo, but talks ended after the two parties could not agree on a price, according to sources cited by Reuters. Started in 2013 in London, Deliveroo is now in 10 markets worldwide with 160K restaurant and groceryContinue Reading
