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Gama Aviation To Sell Jet East To Sterling For $131 Mln; Stock Climbs

Shares of Gama Aviation Plc (GMAA.L) were surging around 56 percent in the morning trading in London after the company announced its agreement to sell US MRO Business, Gama Aviation (Eng) Inc. or GAEI, trading as Jet East. West Star Aviation Enterprises, LLC, owned by US private equity group Sterling Group, will buy Jet East for an enterprise value of […]

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Halifax To Buy Sodexo's Worldwide Home Care Division; Terms Not Disclosed

Halifax Group, a middle market private equity firm, announced Friday its agreement to acquire the Worldwide Home Care division of French food services and facilities management firm Sodexo S.A. (SDXAY.PK). Terms of the transaction were not disclosed. The deal includes Sodexo’s home care subsidiaries in the U.S., U.K., Ireland, France, Denmark, Norway, Sweden and Brazil. The transaction is expected to […]

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Ironwood Pharma To Acquire VectivBio For $17/Shr In All-cash Deal

GI-focused healthcare company Ironwood Pharmaceuticals, Inc. (IRWD) and biopharmaceutical company VectivBio Holding AG (VECT) announced Monday that they have entered into a definitive agreement for Ironwood to acquire VectivBio for $17.00 per share in an all-cash transaction with an estimated aggregate consideration of approximately $1 billion, net of VectivBio cash and debt. This transaction has the potential to strengthen Ironwood’s […]

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DuPont Q1 Profit Down, Cuts FY23 View; To Buy Spectrum Plastics; Stock Down In Premarket

DuPont De Nemours & Co. (DD) reported Tuesday that its first-quarter profit declined from last year with weak net sales. Further, the company projects sequentially flat adjusted earnings and net sales in the second quarter. The company also adjusted fiscal 2023 outlook to reflect the delay in electronics recovery. Separately, DuPont announced that it has entered into a definitive agreement […]

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AEP To Terminate Deal To Sell Kentucky Operations To Algonquin Power Unit; Backs FY23 View

American Electric Power (AEP) announced Monday that it has mutually agreed to terminate its previously announced deal to sell Kentucky operations, i.e., Kentucky Power Co. and AEP Kentucky Transmission Co., Inc., to Liberty Utilities Co., a subsidiary of Algonquin Power & Utilities Corp. (AQN,AQN.TO). Further, the company reaffirmed its fiscal 2023 operating earnings guidance range at $5.19 to $5.39 per […]

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AstraZeneca To Buy CinCor Pharma In Up To $1.8 Bln Deal – Quick Facts

British drug major AstraZeneca Plc. (AZN.L,AZN) Monday said it has entered into a definitive agreement to acquire CinCor Pharma, Inc. (CINC), a US-based clinical-stage biopharmaceutical company. The upfront cash portion of the deal represents a transaction value of around $1.3 billion. On a combined basis, including the upfront and maximum potential contingent value payments, if achieved, the transaction value would […]

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Saudi, UAE back OPEC cuts as US envoy warns of 'uncertainty'

video Saudi Arabia ‘puzzled’ by the Biden administration: Dr. Qanta Ahmed Independent Women’s Forum senior fellow Dr. Qanta Ahmed discusses the relationship between Saudi Arabia and the Biden administration on ‘Varney & Co.’ Saudi Arabia and the United Arab Emirates defended on Monday a decision by OPEC and its allies to cut oil production, even as an American envoy warned […]

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Regal Rexnord To Buy Altra Industrial; Q3 Prel. EPS Drops

Regal Rexnord Corporation (RRX) on Thursday announced that it has reached a definitive agreement to buy Altra Industrial Motion Corp. (AIMC) in an all- cash transaction for $62 per share. Altra is a global designer and manufacturer of a wide range of highly engineered motion control, automation, and power transmission solutions. The transaction values Altra at $4.95 billion, representing 13.6x […]

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BP looks to North Sea, US shale for near-term oil and gas boost

video The only way to fix it is to ‘get busy’ and produce energy in this country: Sen John Hoeven Sen. John Hoeven (R-ND) discusses what the Biden admin should be doing to remedy gas prices after OPEC+ cuts oil production by 2 million barrels a day on ‘Fox Business Tonight.’ BP is targeting the North Sea and U.S. shale […]

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