Following the ruling, UPS said it is seeking $1.99 billion (1.74 billion euros) in damages. In a development that potentially opens up the possibility of potential litigation against the European Commission, on Wednesday, the European Court of Justice annulled a… Read More ›
The Japanese healthcare firm wants to acquire Bristol-Myers Squibb’s over-the-counter drugs business. On Wednesday, France-headquartered Bristol-Myers Squibb Co has received an offer from Taisho Pharmaceutical Holdings Co Ltd, a Japanese healthcare firm, to acquire its over-the-counter drugs business UPSA for… Read More ›
Following the takeover Takada will join the ranks of the world’s top 10 drugmakers and will gain expertise in rare diseases, at the cost of a mountain-load of debt. On Wednesday, shareholders of Takeda Pharmaceutical approved the $59 billion takeover… Read More ›
A formal announcement is likely to be announced later today. According to sources familiar with the matter at hand, Nexstar Media Group Inc has reached an agreement to acquire Tribune Media Co for around $4.1 billion. Once the deal comes… Read More ›
The deal assumes significance since it marks Sazerac’s new market focus on premium brands and also because it continues to maintain consistence across Diageo’s spirits, as the two have entered into a long-term supply contracts agreement. U.S. based Sazerac is… Read More ›
The deal places the American fashion in a better position in Europe. On Wednesday, Donatella Versace, the creative director of the fashion house stated the deal with Michael Kors would create more jobs in Italy. “In the last year Versace… Read More ›
With Comcast’s bid winning the auction, a rare event, the U.S. Cable-TV giant now enjoys the spoils of owning Europe’s biggest pay-TV group. Early trade on Monday saw shares of Sky jump by 9% to 17.22, slightly below the 17.28… Read More ›
The deal sees snack and beverage giant PepsiCo acquiring countertop carbonated water machine maker SodaStream for $3.2 billion. It underscores PepsiCo’s push to add healthier products to its portfolio and move to a more environmentally friendly agenda. On Monday, New… Read More ›
The deal, as pointed out by Carl Icahn’s letter to Cigna’s shareholders, has at least two significant areas of concern. On Tuesday, billionaire investor Carl Icahn urged Cigna Corp’s shareholders to vote against Cigna’s $52 billion acquisition of Express Scripts… Read More ›
Both companies are conducting their due diligence and aim to close the deal, subject to regulatory approval, by the end of this year. 1864 founded Dutch brewing giant Heineken NV has struck a $3.1 billion deal with China Resources Beer… Read More ›
