Intel Corporation’s stock has seen a sharp rise as the company explores drastic strategic options, offering a ray of hope to its beleaguered investors after a prolonged slump. On the back of reports that Intel is considering separating its flagship product business from its underperforming manufacturing unit, shares surged nearly 9.5% to $22.04, marking its […]
Morepen Laboratories Limited (NSE: MOREPENLAB; BSE: 500288) has announced the successful subscription of a Qualified Institutional Placement (QIP) for Rs. 200 crore. This strategic move underscores Morepen’s commitment to accelerating growth, enhancing institutional participation, increasing market presence, and improving its financial position. The company aims to fortify its leadership in the field of medical devices […]
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, revealed that the Qatar Investment Authority (QIA) will invest ₹8,278 crore into the company. This massive investment skyrockets Reliance Retail Ventures’ pre-money equity value to an astonishing ₹8.278 lakh crore. The QIA investment will lead to a minority equity stake of 0.99% in Reliance […]
Chindata Group Holdings Limited (Nasdaq: CD), a forerunner in providing carrier-neutral hyperscale data center solutions in Asia-Pacific emerging markets, has disclosed its merger agreement with BCPE Chivalry Bidco Limited and its subsidiary, valuing Chindata Group’s equity at an estimated US$3.16 billion. Enhancing Asia-Pacific’s Data Center Solutions Chindata Group stands as a pioneer in building state-of-the-art […]
Marathon Oil has agreed to acquire the Eagle Ford Shale assets of Ensign Natural Resources in an all-cash transaction valued at $3 billion to nearly double its position in the basin. Through the transaction, Marathon Oil will acquire an additional 130,000 net acres (99% operated, 97% working interest) that span the Live Oak, Bee, Karnes, […]
US-based sustainable products producer Darling Ingredients has agreed to acquire Brazilian collagen products company Gelnex in an all-cash deal worth approximately $1.2 billion. With five facilities in South America and one in the US, Gelnex has an annual production capacity of 46,000 metric tons of collagen products that include gelatin and collagen peptides. Employing about […]
Solidium, a Finnish state-owned investment company, said that it has divested a stake of around 2% in Nordic insurance group Sampo to raise an amount of nearly €498 million. In this connection, Solidium had sold 11 million A-shares in the Finnish insurance company through an accelerated book built offering to Finnish and global institutional investors. […]
Morgan Stanley acquisition of Eaton Vance : Investment banking giant Morgan Stanley has agreed to acquire Boston-based investment management firm Eaton Vance, in a cash-cum-stock deal worth $7 billion. Eaton Vance offers advanced investment strategies and wealth management solutions to across the world. The company has more than $500 billion in assets under management (AUM). […]
Morgan Stanley acquisition of E*TRADE : US investment bank Morgan Stanley has closed its previously announced $13 billion acquisition of electronic trading platform E*TRADE Financial. Based in Virginia, E*TRADE and its subsidiaries offer brokerage and banking products and services to traders, investors, stock plan administrators and participants, and registered investment advisers (RIAs). Established in 1982, […]