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Citibank
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Supernus and Indivior complete merger, creating $2.2bn CNS pharma group
Supernus Pharmaceuticals and Indivior Pharmaceuticals have completed their merger, establishing a diversified central nervous system drug company with approximately $2.2 billion in historical pro forma annual revenue. The transaction combines five core growth medicines and targets $125 million in annual cost savings, but a $1 billion special dividend and new debt obligations place financial discipline alongside commercial expansion.
Affle 3i to acquire Perion for $420m, but its $228m cash balance changes the deal maths
Affle 3i has agreed to acquire Israeli advertising technology company Perion for approximately $420 million, offering shareholders a 34.5% premium and a 40-day opportunity to attract competing bids. The target's $228.3 million cash and investment balance, Affle's financing plans and differences between their advertising business models make the transaction more complex than its headline valuation suggests.
Guidewire (GWRE) to acquire hyperexponential for up to $2.1bn as AI underwriting strategy accelerates
Guidewire has agreed to acquire London-based hyperexponential for $1.7 billion in cash plus up to $400 million tied to recurring revenue targets. The insurance software group expects the transaction to accelerate annual recurring revenue growth and deepen its position in AI-assisted commercial underwriting, while introducing substantial financing and integration requirements.
Nebius (NASDAQ: NBIS) has $40bn in AI contracts. Why borrow $3.5bn for one year?
Nebius Group has secured a US$3.5 billion financing facility to accelerate its artificial intelligence infrastructure expansion, despite having more than US$40 billion in long-term customer commitments. The one-year maturity, floating interest rate and secured borrowing structure raise an important question about how the company plans to finance its next phase of growth.
HighPeak Energy secures $450m investment and $800m credit facility to overhaul debt
HighPeak Energy plans to refinance a $1.17 billion loan with new equity and credit financing. Find out what it means for HPK investors
Prairie Operating stock tumbles as $99m revenue quarter comes with heavy capital spending
Prairie Operating revenue jumped 45% and August output hit 27,000 Boe/d, but shares plunged 21% as spending, debt and earnings quality drew scrutiny.
Supernus Pharmaceuticals and Indivior target $125m in savings through CNS merger
Supernus Pharmaceuticals and Indivior plan a $2.2 billion CNS merger with 11 medicines, $125 million in synergies and a fourth-quarter close.
MAPFRE bets $1.54bn on New England insurance scale, but will the numbers work?
MAPFRE S.A. is offering Safety Insurance Group shareholders $105 per share in cash, creating a larger regional insurer while testing whether scale and synergies can justify a 44% acquisition premium.
British Steel lands biggest UKEF-backed export order as UK-Nigeria ports deal reaches £746m
UK Export Finance guarantees £746m to redevelop Lagos Port Complex and TinCan Island Port, securing £70m record order for British Steel. Signed 19 March 2026.