Sumitovant Biopharma Ltd., owned by Sumitomo Pharma Co., Ltd., announced late Sunday a definitive agreement to acquire the remaining stake in Myovant Sciences (MYOV) not already owned by Sumitovant for $27.00 per share in cash. The total transaction value of the deal will be $1.7 billion, and a total company value will be $2.9 billion, both on a fully diluted […]

Women’s healthcare company TherapeuticsMD, Inc. (TXMD), on Tuesday announced that it has entered into a definitive merger agreement, to be acquired by an affiliate of EW Healthcare Partners, a private equity firm dedicated to making investments in healthcare companies. The deal values TherapeuticsMD at approximately $177 million and has been unanimously approved by TherapeuticsMD’s Board of Directors. Upon completion of […]

PotlatchDeltic Corporation (PCH), a forest products company, and CatchMark Timber Trust, Inc. (CTT), a real estate investment trust or REIT focused on prime timberlands, said they have inked a merger deal whereby PotlatchDeltic will buy CatchMark in all stock, at a premium. Following the deal, which is expected to be closed in the second half, CatchMark were trading up more […]

International Game Technology PLC (IGT) announced Monday that it has entered into a definitive agreement to acquire iSoftBet, an igaming content provider and third-party game aggregator, for around 160 million euros in cash. The acquisition is expected to be completed during the second quarter of 2022, subject to the satisfaction of customary closing conditions. The iSoftBet portfolio contains around 125 […]

Walt Disney Co. (DIS) late Monday said it recommends shareholders reject the unsolicited mini-tender offer by Tutanota LLC to purchase up to 240,000 shares of Disney common stock at a price of $143 per share in cash. According to the company, the offer is conditioned on the closing price per share of Disney’s common stock exceeding $143 per share on […]

Made additional provisions to address stress seen on the horizon, says Khara State Bank of India’s (SBI) net profit for the third quarter ended December rose 62.327% to ₹8,432 crore on account of an increase in interest income and lower provisioning due to better asset quality. It was SBI’s highest quarterly profit, Chairman Dinesh Khara said. “Overall, it is a […]

Financial bids are yet to be called Privatisation of India’s second-largest oil refiner BPCL may have been pushed back to the next financial year as no bidder visited the company’s premises in the last quarter, a senior company official said on Wednesday. The government is selling its entire 52.98% stake in BPCL for which three expressions of interest, including one […]

In a filing to the stock exchange, the company said that the acquisition of the stake had been done at mutually agreed pre-money enterprise valuation. Bharti Airtel on Monday said it would acquire 25% equity stake in Bengaluru-based technology startup, Lavelle Networks, which specialises in Software-Defined Wide Area Network (SD-WAN) solutions. In a filing to the stock exchange, the company […]

Power consumption in the entire January last year was 109.76 BU, which was 4.4% higher than 105.15 BU in January 2020, as per the Power Ministry data. India’s power consumption grew marginally at 2.6% year-on-year in January to 112.67 billion units (BU), showing the impact of local restrictions imposed by States amid the third wave of COVID-19. Power consumption in […]

The development of the EV ancillary cluster will begin from February 2022 in a phased manner. Electric Vehicle (EV) firm WardWizard Innovations and Mobility Ltd. said it has acquired 4 million sqft land along with its Promoters & Promoters’ Group for development of an EV ancillary project in Vadodara. This is in accordance with an MoU signed with the Government […]