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 […]

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 […]

Stratasys Ltd. (SSYS), which deals in polymer 3D printing solutions, announced on Monday, that it is rejecting the partial tender offer of $24 per share in cash by Nano Dimension Ltd, an Israeli company that provides additive electronics including 3D printers, citing that the proposal undervalues the company. Previously, Nano had proposed $20.05 per share. The partial tender has a […]

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 […]

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 […]

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 […]

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 […]

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 […]