Stellantis, a Dutch automaker, will acquire a 14.2% equity stake in McEwen Copper for $155 million, becoming the second largest shareholder along with Rio Tinto. McEwen Copper is a subsidiary of Canadian mining company McEwen Mining and holds a 100% stake in the Los Azules copper project in San Juan, Argentina and the Elder Creek […]
AstraZeneca has closed the previously announced $1.8 billion acquisition of US biopharmaceutical company CinCor Pharma. Under the terms of the agreement, AstraZeneca acquired all outstanding shares as well as the cash and marketable securities of CinCor Pharma for approximately $1.3bn upfront and around $500 million, respectively. Last month, AstraZeneca announced a definitive agreement to acquire […]
UAE-based renewable energy company Masdar has made an undisclosed investment in Indonesia-based Pertamina Geothermal Energy, to mark its foray into the geothermal space. With the investment, Masdar anticipates to increase its footprint in the Asia-Pacific region and gain access to the world’s second largest geothermal market. Pertamina Geothermal Energy, with a portfolio capacity of more […]
Foodtech company Borealis Foods Inc will go public through a business combination with Oxus Acquisition Corp., a special purpose acquisition company (SPAC), in a transaction that values the former at an enterprise value pre-money of $150 million. The combined entity, called Borealis Foods Inc., develops nutritious and functional food products to address global food security […]
Olympus Corporation, a Japan-based medtech company, will acquire Taewoong Medical Co., a South Korea-based gastrointestinal stents manufacturer, for up to $370 million (approximately KRW 482 billion) in cash. Under the agreement, Olympus will pay $255.5 million at the closing of the transaction and will make milestone payment of up to $114.5 million. With the proposed […]
BurTech Acquisition, a blank check company, and CleanBay Renewables, an enviro-tech company, are planning to combine their businesses in a transaction that values the latter at $330 million. In this regard, the publicly traded special purpose acquisition company (SPAC) has signed a letter of intent (LoI) with the late-stage enviro-tech company. Under the proposed agreement, […]
Sonofi and Sobi have secured the approval of the US Food and Drug Administration (FDA) for their Altuviiio [Antihemophilic Factor (Recombinant), Fc-VWF-XTEN Fusion Protein-ehtl] for hemophilia A treatment. Altuviiio, previously known as efanesoctocog alfa, is a first-in-class, high-sustained factor VIII replacement therapy indicated for routine prophylaxis and on-demand treatment to control bleeding episodes, as well […]
Cheniere Energy Partners, a subsidiary of Cheniere Energy, has started permitting process for the Sabine Pass Stage 5 Expansion Project in Cameron Parish, Louisiana. The proposed Sabine Pass LNG terminal expansion will be located adjacent to the existing Sabine Pass Liquefaction Project and will manufacture around 20 million tonnes of liquefied natural gas (LNG) per […]
Keysight Technologies, an advanced design and validation solutions provider, has acquired Cliosoft, a system-on-chip design data and enterprise IP management solutions developer, for an undisclosed amount. The transaction is expected to help Keysight Technologies digitally transform design-test workflows and meet the productivity requirements of next-generation electronic product development lifecycles. Keysight Technologies anticipates natively integrate Cliosoft’s […]
Indian information technology services company Sonata Software, through its subsidiary, Sonata Software North America will acquire Quant Systems, an American data analytics and cloud modernization company, in an all-cash transaction valued at $160 million. Sonata Software will pay an upfront amount of $65 million and make deferred millstone-based payments of up to $95 million over […]