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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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FTC Probes Amazon’s $1.7 Bln Takeover Deal Of IRobot

The U.S. Federal Trade Commission has requested Amazon.com Inc. (AMZN) and iRobot Corp (IRBT) for more information on the tech giant’s $1.7-billion buyout of the Roomba vacuum maker. According to a filing from iRobot, on September 19, FTC made a “second request” for additional information and documentary materials to review. Last month, Amazon agreed to buy iRobot for $61 per […]

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Billionaire oil refinery owner reveals 'simple' solution to lower inflation

video Billionaire supermarket, oil refinery owner reveals ‘simple’ solution to lower inflation United Refining Company and Gristedes CEO John Catsimatidis discusses inflation and ‘out of control’ crime in New York City on ‘Varney & Co.’  United Refining Company and Gristedes CEO John Catsimatidis revealed the "simple" solution to lowering inflation, which currently sits near 40-year highs.  Speaking on "Varney & […]

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Alumasc Sells Levolux, Sees Charge In FY22; Says FY Trading In Line With View; Stock Down

Alumasc Group PLC (ALU.L), a premium building products, systems, and solutions group, announced Friday that it has sold shading solutions provider Levolux Limited to Talrus Limited, a company associated with Rcapital Partners LLP. The company plans to record a charge in fiscal 2022. Further, Alumasc expects to announce results in line with the Board’s expectations for the year 2022 on […]

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Amgen To Buy TAVNEOS Developer ChemoCentryx In $3.7 Bln Cash Deal

Amgen (AMGN) Thursday said it has entered into a definitive agreement to acquire ChemoCentryx, Inc., (CCXI), a biopharmaceutical company, for $52 per share in cash, representing an enterprise value of around $3.7 billion. In pre-market activity on Nasdaq, ChemoCentryx shares were gaining around 110 percent to trade at $50.62. The transaction has been unanimously approved by each company’s board of […]

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Evolent Health To Buy IPG For $375 Mln Cash, Due At Close; Backs Outlook

Evolent Health, Inc. (EVH), a provider of clinical and administrative solutions, announced Wednesday that it has entered into a definitive agreement to acquire IPG, a provider of surgical cost management solutions. IPG will be acquired from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, for $375 million in cash, due at close. In addition, […]

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Choice Hotels Intl. To Acquire Radisson Hotel Group Americas In $675 Mln Deal

Choice Hotels International, Inc. (CHH), a lodging franchisor, announced Monday that it has entered into a definitive agreement to buy the franchise business, operations and intellectual property of Radisson Hotel Group Americas for around $675 million. The acquisition will add Radisson’s nine brands, 624 hotels and over 68,000 rooms in the United States, Canada, Latin America and the Caribbean. The […]

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