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Merger And Acquisition

All articles tagged with #merger and acquisition

business2 months ago

Novo Nordisk Launches $9B Bid to Outpace Pfizer in Obesity Drug Market

Novo Nordisk has made a $6 billion cash bid to acquire Metsera, escalating a bidding war with Pfizer, which had previously offered $4.9 billion. The move comes amid Novo's recent struggles, including a significant stock decline and leadership changes, and faces political and legal scrutiny due to concerns over market dominance and antitrust laws. The outcome of this bid could impact the competitive landscape of the weight-loss pharmaceutical market.

via Barron's|
#business#merger-and-acquisition#metsera
business4 months ago

Sompo to Acquire Aspen Insurance for $3.5 Billion to Expand Global Presence

Aspen Insurance Holdings (AHL) saw its shares jump 14% after Japan’s Sompo Group agreed to acquire it for $3.5 billion, aiming to expand its global insurance footprint. The deal, valued at a 35.6% premium, is expected to close by mid-2024 and will integrate Aspen’s specialty insurance operations with Sompo’s overseas business, reflecting Japanese firms' interest in Western markets amid domestic growth challenges. Aspen, recently reporting strong Q2 results, is rated a Moderate Buy with an expected 8.5% upside.

via TipRanks|
#aspen-insurance#business#financial-results
finance2 years ago

SEC Charges Former Financial Industry Analyst and Executives with Insider Trading and Accounting Fraud

The Securities and Exchange Commission (SEC) has charged former financial industry analyst Anthony Viggiano and three others with insider trading related to multiple merger and acquisition transactions. Viggiano allegedly obtained nonpublic information about eight transactions and tipped off his friend Christopher Salamone, who made approximately $322,000 in illegal profits. Viggiano also tipped off his college friend Stephen Forlano, who made around $113,000 in illegal profits. Forlano then tipped off Nathan Bleckley, resulting in illegal gains of nearly $25,000. The SEC is seeking injunctive relief, disgorgement, and civil penalties. The U.S. Attorney's Office for the Southern District of New York has also announced criminal charges against Viggiano, Forlano, and Salamone.

via SEC.gov|
#charges#finance#financial-industry
finance2 years ago

"Pfizer's $31 Billion Bond Sale Marks Fourth-Largest Deal Ever for Seagen Takeover Financing"

Pfizer has sold $31 billion of debt in the fourth-largest US bond sale ever, which will finance its purchase of Seagen Inc. The pharmaceutical giant raked in over $85 billion in orders for the eight-part investment-grade deal, making it the largest debt financing for a merger or acquisition this year. The bond sale comes amid a rush by companies to tap capital markets ahead of a potential jump in borrowing costs sparked by the US debt ceiling standoff. Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. managed the sale.

via Yahoo Finance|
#bond-sale#capital-markets#debt-financing