UScellular, officially known as United States Cellular Corporation (NYSE: USM), announced a significant agreement to sell select spectrum licenses to Verizon Communications Inc. (NYSE: VZ). The $1.0 billion deal is part of UScellular’s plan to capitalise on its remaining spectrum assets, with the company also engaging two other mobile network operators for additional sales. This […]
PepsiCo, Inc., one of the world’s largest food and beverage companies, has announced a definitive agreement to acquire Siete Foods, a rapidly growing Mexican-American brand, for a staggering $1.2 billion. This acquisition represents a significant move by PepsiCo to diversify and expand its portfolio, particularly in the growing “better-for-you” food market. Siete Foods is renowned […]
Eli Lilly and Company has finalised its acquisition of Morphic Holding, Inc. in a landmark $3.2 billion deal, aimed at enhancing treatment options for inflammatory bowel disease (IBD). This acquisition underscores Lilly’s strategic expansion into the gastroenterology sector. The transaction, valued at $57 per share, is a significant premium over Morphic’s recent stock prices, reflecting […]