Posts filtered by tags: Merger and Acquisitions[x]


 

Pandion Therapeutics soars 132% after Merck agrees to buy the biotech for $1.85 billion

Merck & Co. CEO Kenneth C. Frazier Stephanie Keith / Stringer / Getty Images Pandion Therapeutics soared 132% on Thursday after Merck agreed to acquire the biotech firm for $1.85 billion.Merck will initiate a tender offer through a subsidiary to acquire all outstanding shares of Pandion for $60 per share.Pandion develops therapeutics targeting patients living with autoimmune diseases.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Merck sparked a 132% surge in Pandi...
Tags: Finance, Trends, Markets, Merck, Stock Market, Merck Co, Matthew Fox, Merck Research Laboratories, Pandion Therapeutics, Pandion, Mover, Merger and Acquisitions, Stock Market 2021, Merck stock, Merck stock price, Kenneth C Frazier Stephanie Keith Stringer Getty


People's United jumps 14% after M&T agrees to buy the regional bank for $7.6 billion

Lucas Jackson/Reuters People's United Financial surged 14% on Monday after M&T Bank agreed to acquire the regional bank for $7.6 billion.The proposed merger will be funded with stock, with M&T issuing 0.118 shares for each People's United share. The combined bank will have $200 billion in assets, with locations in 12 states on the East coast.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.People's United Financial surged as much as 14% on Monday after M&T Bank agre...
Tags: Banks, Trends, Markets, Stock Market, United, East, Mid Atlantic, M&T Bank, Matthew Fox, People s United, René Jones, Mover, Merger and Acquisitions, Stock Market 2021, Regional Banks, Lucas Jackson Reuters People s United Financial


People's United jumps 10% after M&T agrees to buy the regional bank for $7.6 billion

Lucas Jackson/Reuters People's United Financial surged 10% on Monday after M&T Bank agreed to acquire the regional bank for $7.6 billion.The proposed merger will be funded with stock, with M&T issuing 0.118 shares for each People's United share. The combined bank will have $200 billion in assets, with locations in 12 states on the East coast.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.People's United Financial surged as much as 10% on Monday after M&T Bank agre...
Tags: Banks, Trends, Markets, Stock Market, United, East, Mid Atlantic, M&T Bank, Matthew Fox, People s United, René Jones, Mover, Merger and Acquisitions, Stock Market 2021, Regional Banks, Lucas Jackson Reuters People s United Financial


TikTok owner ByteDance is reportedly eyeing a $60 billion valuation for TikTok Global

Tolga Akmen/AFP/Getty Images; Clancy Morgan/Business Insider TikTok's owner ByteDance is reportedly seeking a valuation of $60 billion for its US operations.ByteDance reached an agreement with Oracle and Walmart this weekend, under which both companies will take a 12.5% and 7.5% share respectively in the Chinese firm. Both companies will pay a combined $12 billion if the asking price is met. The US initially planned to ban TikTok from Apple and Google's stores on Sunday. The decision has n...
Tags: Apple, Google, Hong Kong, Microsoft, China, US, Trends, Markets, Walmart, Bloomberg, United States, Donald Trump, Goldman, Oracle, Cnbc, Tolga Akmen


Social Capital SPAC surges 25% after it confirms tie-up with Opendoor, Chamath Palihapitiya calls it his 'next big 10x idea'

Getty Images Social Capital Hedosophia Holdings Corp. II, a SPAC led by billionaire investor Chamath Palihapitiya, surged 25% on Tuesday after it confirmed it was merging with Opendoor.Opendoor is a property technology company that directly buys homes from sellers, makes necessary repairs to the homes, and then resells them.The transaction values Opendoor at an enterprise value of $4.8 billion, and will provide up to $1 billion in proceeds to fund Opendoor's growth initiatives."This is my ...
Tags: Real Estate, Finance, Trends, Investing, Markets, Stocks, Merger, Costco, Traders, Movers, Chamath Palihapitiya, SPAC, Opendoor, Matthew Fox, Palihapitiya, Blank Check


Immunomedics soars 106% after Gilead agrees to acquire the cancer-drug company for $21 billion

FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen during the outbreak of the coronavirus disease (COVID-19), in California Reuters Gilead said on Sunday it agreed to acquire cancer-drug company Immunomedics for $21 billion.Shares of Immunomedic soared as much as 106% on Monday following the news.Immunomedics sells Trodelvy, a drug used to treat different forms of breast cancer and that is being evaluated for a number of other potential cancer indications.Trodelvy was approved b...
Tags: California, Finance, Trends, Investing, Markets, Stocks, Fda, Pharmaceuticals, Biotech, Stock Market, Merger, Biotechnology, Movers, Gilead Sciences, Gilead Sciences Inc, Gilead