Swiss drugmaker Roche has won approval from U.S. antitrust authorities for its $4.3 billion bid to acquire gene therapy specialist Spark Therapeutics. The development clears the way for Roche’s strategic push to position itself in the treatment of rare diseases,… Read More ›
In a significant development, Chevron Corp stated, it will be writing down the value of its assets by $10 billion to $11 billion this quarter; the U.S. oil major is also considering selling some of its natural gas projects as… Read More ›
Nexstar Media Group Inc and Tribune Media Co will have to divest TV station in 13 markets so that their $6.4 billion deal satisfies antitrust concerns. The U.S. Justice Department told Nexstar Media Group Inc and Tribune Media Co that… Read More ›
T-Mobile’s $26 billion bid to acquire rival Sprint Corp has been approved by the U.S. Justice Department. The breakthrough comes after the deal was caught for more than a year in regulatory limbo. In a significant development, the U.S. Justice… Read More ›
ExxonMobil along with 4 other companies have been removed from its board following non-compliance to key minimum requirements, including on emissions reporting and targets. In a significvant development, the Legal & General Investment Management, Britain’s biggest asset manager, has dumped… Read More ›
Coca Cola will now reclassify its financial statements from second quarter in 2019 to include CCBA as part of its continuing operations. It did not provide an explanation for the postponement of its re-franchising plans. In a development that marks… Read More ›
Anadarko holds vasts fields of oil and gas deposits which can be easily accessed using low-cost drilling methods – these assets underscore the value of the bidding war surrounding the U.S. oil and gas exploration and production company. According to… Read More ›
Creditors for debt-laden South Korean airlines will come up with a financial support plan either by late April or early May. On Tuesday, as per a statement from the Korea Development Bank, the principle creditor of Asiana Airlines, creditors are… Read More ›
Ab InBev is likely to file for the IPO with the Hong Kong stock exchange in the first half of 2019. According to three sources with direct knowledge of the matter at hand, Anheuser-Busch InBev, the world’s largest brewer, has… Read More ›
Disney has agreed to divest the local rights for the Fox Sports channel in Brazil to a buyer at no additional costs. In a significant development, Brazil’s antitrust regulator, CADE stated, Walt Disney Co has accepted its demand to sell… Read More ›
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