The multinational pharmaceutical corporation Pfizer has signed a deal worth $5.29 billion to supply 10 million Anti-Covid pills to USA. Paxlovid, the pill manufactured by Pfizer could change the fight against the virus, this pill can be provided by physicians to patients at home after infection. It is a highly effective at-home treatment which could […]
The global communications company Viasat to acquire mobile satellite communications service provider Inmarsat for $7.3 billion in a definitive agreement comprising of $850 million in cash and 46.36 million shares of Viasat common stock valued at $3.1 billion. The combination of both the companies will enable the availability of advanced new services in mobile and […]
The telecommunications and media company millicom has announced that it will completely acquire Tigo Guatemala for $2.2 billion in cash. The conclusion of the transaction is that Millicom will own a 100% equity interest in Tigo Guatemala. The transaction is expected to gradually improve Millicom’s cash flow and net income and will increase Millicom’s equity […]
The oil giant PETRONAS has signed a Memorandum of Understanding (MoU) with ExxonMobil Exploration and Production Malaysia Inc. to explore opportunities in carbon capture and storage (CCS) technologies to help decarbonise Malaysia Malaysia’s upstream industry and provide CO2 storage solutions for the region. Under the terms of the MoU, both parties will assess the viability […]
The online food delivery platform DoorDash announced its acquisition of Finnish delivery app Wolt in an all-stock transaction for €7 billion. The board of directors of both companies have approved the transaction and stockholders representing the majority of Wolt’s outstanding shares have committed to support the transaction. Goldman Sachs & Co. LLC is acting as […]
The global security software company McAfee announced that it will be acquired by a group of investors for over $14 Billion. The group is led by Permira Advisers LLC (“Permira”), Advent International Corporation (“Advent”), Canada Pension Plan Investment Board (“CPP Investments”), Crosspoint Capital Partners (“Crosspoint Capital”), GIC Private Limited (“GIC”) and Abu Dhabi Investment Authority […]
The resources company BHP has announced to divest $1.35 billion of BMC interest that is 80 per cent interest in BHP Mitsui Coal (BMC), an operated metallurgical coal joint venture in Queensland. Stanmore SMC Holdings Pty Ltd, a subsidiary owned by Stanmore Resources Limited (Stanmore Resources), has agreed to acquire 100 per cent of the […]
The French multinational insurance firm AXA launches €1.7 billion share buyback program In addition to €1.7 billion share buy-back program announced, The company intends to launch a further share buy-back program in 2022 for up to Euro 0.5 billion to neutralise earnings dilution from disposals announced after December 1, 2020*, as communicated during AXA’s Investor […]
The global investment firm, Arcapita Group Holdings and US real estate investment firm, Arden Group to invest $800 million in Real Estate joint venture to acquire multi-tenant industrial properties in United States. The new venture closed on initial portfolio properties valued at over $550 million, with an additional $250 million of properties closing in the […]
The Coca-Cola company announced that it has acquired remaining $5.6 billion worth of stake in BODYARMOR (a line of sports performance and hydration beverages) giving itself the full ownership. In the year 2018, Coca-Cola initially acquired 15% stake in BODYARMOR with a path to full ownership. The sport beverage drink BODYARMOR will be managed as […]
The French international banking group BNP Paribas launches €900 million share buyback program on the strength of its confirmed growth potential and solid balance sheet and performances. The bank has received the approval from the European Central Bank and a contract was concluded with an investment services provider acting independently to purchase the shares. The […]
The social media giant Facebook has announced that it has changed its name to Meta, it said that it would better “encompass” what it does, as it broadens its reach beyond social media into areas like virtual reality (VR). The change applies only to the parent company that owns Facebook, Instagram and Whatsapp, this move […]
