acquisition
Investing.com — Shares of Cytokinetics (NASDAQ:), Incorporated (NASDAQ:CYTK) climbed 4.8% after the company announced that Sanofi (NASDAQ:) will acquire exclusive rights to develop and commercialize aficamten in Greater China, a move that underscores the drug’s potential in treating hypertrophic cardiomyopathy (HCM). The announcement reflects a strategic shift, as Sanofi takes…
BlackRock is on a string of multibillion-dollar acquisitions to bolster its private-markets prowess.In late November, the asset management titan bought private-credit firm HPS for $12 billion.CFO Martin Small explained how the acquisition fits the firm’s three requirements.BlackRock is spending top dollar in its quest to dominate private-markets investing, recently agreeing…
A bankruptcy judge ruled that The Onion cannot buy Alex Jones’ Infowars.The judge said the auction was flawed and may have “left a lot of money on the table.”The Onion said it will continue trying to buy Infowars.A Texas bankruptcy judge ruled that The Onion’s bid for Alex Jones’s Infowars…
By Arasu Kannagi Basil and Davide Barbuscia (Reuters) -BlackRock will buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, the companies said on Tuesday, as the world’s largest asset manager seeks to expand in a red-hot market. Private credit, or lending to companies by…
Investing.com — Spirit AeroSystems (NYSE:) on Tuesday, November 5, raised concerns about its ability to continue operations, sparking questions about the implications for Boeing (NYSE:)’s planned acquisition. In its third-quarter financial report, the aerospace manufacturer disclosed “substantial doubt about the Company’s ability to continue as a going concern exists.” “The…
Oil-Dri Corporation of America (NYSE: ODC) reported record consolidated net sales of $437.6 million for fiscal year 2024, a 6% increase from the previous year. The company successfully integrated its acquisition of Ultra Pet, which contributed $4 million in net sales and $200,000 in pre-tax income in its first quarter…
DirecTV and Dish have decided to team up in the face of steady subscriber losses.DirecTV hopes the deal can make it a one-stop shop in a fragmented media landscape.But there’s another clear aim for DirecTV: getting more leverage over content providers. DirecTV knows it needs leverage to survive in a…
By Kane Wu, Scott Murdoch and Renju Jose HONG KONG/SYDNEY (Reuters) – A Blackstone-led consortium is taking out an around $A5.5 billion ($3.7 billion) loan package to help fund the A$24 billion AirTrunk buyout, two sources with direct knowledge of the matter said, as the U.S. firm increases its Asian…
UBS Group AG (NYSE:) has reported a net profit of $2.9 billion for the first half of 2024, with a return on CET1 capital of 9.2%. CEO Sergio Ermotti highlighted the company’s successful strides in integrating Credit Suisse and its commitment to completing this process by the end of 2026.…
By Anirban Sen (Reuters) -L Catterton, the private equity firm backed by luxury goods giant LVMH, has approached Mattel (NASDAQ:), the toy maker behind Barbie and Hot Wheels, with an acquisition offer, people familiar with the matter said on Monday. The move could prompt other potential suitors to consider bids…
