AbbVie, the renowned American biopharmaceutical giant, is set to acquire Aliada Therapeutics for a staggering $1.4 billion. The acquisition grants AbbVie control over Aliada’s promising Alzheimer’s treatment, ALIA-1758, and the biotech’s innovative Modular Delivery (MODEL) platform, which could overcome significant barriers in treating neurological disorders, particularly Alzheimer’s disease. Key Drivers Behind the Acquisition AbbVie aims […]
Equinox Gold Corp.’s shares plummeted following a disappointing Q3 performance, with the company failing to meet its gold production targets and subsequently lowering its 2024 output guidance. The company reported that gold output at its Ontario mine came in below expectations due to operational challenges, prompting a 7.1% decline in its stock value to CAD […]
Coeur Mining, Inc. has announced its acquisition of SilverCrest Metals Inc. through a definitive agreement, seeking to consolidate its position as a preeminent global silver producer. The acquisition entails Coeur Mining obtaining all of SilverCrest Metals’ issued and outstanding shares, whereby SilverCrest Metals shareholders will receive 1.6022 Coeur Mining common shares for each of their […]
Vistra Energy Corporation, one of the largest independent power producers in the United States, is witnessing a surge in investor interest after Jefferies Financial Group initiated coverage with a “Buy” rating and an ambitious price target of $99 per share. This move positions Vistra Energy as Jefferies’ top pick in the power sector, a status […]
Centessa Pharmaceuticals has experienced a substantial rise in its share price after completing an upsized public offering of American Depositary Shares (ADSs). The company, listed on Nasdaq, announced on 12 September 2024 that it successfully priced 15,254,237 ADSs at $14.75 per share, generating gross proceeds of approximately $225 million. This announcement has sparked considerable market […]
In a significant move within the aerospace and defense industry, Behrman Capital, a prominent private equity firm based in New York, has announced the sale of its portfolio company, kSARIA Holdings, to ITT Inc. The transaction, valued at approximately $475 million, marks a pivotal moment for both companies as they aim to strengthen their positions […]
