Category: Industries

AMETEK, Inc. (AME) said, for 2023, the company now expects adjusted earnings per share to be in the range of $6.31 to $6.33, an increase of approximately 11% over the comparable basis for 2022. This is an increase from previous guidance range of $6.18 to $6.26 per share. The company continues to expect overall sales […]

Endeavor Group Holdings, Inc. shares were gaining around 22 percent in pre-market activity on the NYSE after its major investor Silver Lake said it is considering taking the sports and entertainment company private. Silver Lake, the owner of around 71 percent of the voting power of Endeavor, was responding to Endeavor’s announcement that it has […]

Kingspan Group plc (KGP.L), an insulation and building envelope solutions company, announced Tuesday a mandatory cash offer to buy the remaining stake in Nordic Waterproofing Holding AB (publ) at a price of 160 Swedish kronor in cash per share. The offer values all of the shares in Nordic Waterproofing to around 3.85 billion kronor. The […]

Syntagma Capital announced Monday that it has entered into exclusive negotiations with Lennox International (LII) to acquire its European Commercial HVAC and Refrigeration businesses. The proposed deal is expected to be completed by the end of 2023, subject to the fulfillment of customary closing conditions, including the information and consultation of works councils and other […]

Midland Capital Holdings Corp. (MCPH), the holding company of Midland Federal Savings and Loan Association, Tuesday said it has agreed to be acquired by Midfed Acquisition Corp., a newly formed corporation headed by certain bank executives and investors. Under the all-cash merger deal, the company shareholders are currently estimated to receive between $31.00 and $32.50 […]

Biotechnology company Biogen Inc. (BIIB) Friday announced its agreement to acquire Reata Pharmaceuticals, Inc. (RETA) for $172.50 per share in cash, reflecting an enterprise value of around $7.3 billion. In pre-market activity on Nasdaq, Reata shares were gaining around 15.2 percent to trade at $125, while Biogen shares were losing around 1.1 percent at $260. […]

Oilfield services provider Patterson-UTI Energy, Inc. (PTEN) announced Thursday a definitive merger agreement with NexTier Oilfield Solutions Inc. (NEX) to combine in an all-stock merger of equals transaction. The combined company is expected to have an enterprise value of approximately $5.4 billion. Under the deal terms, NexTier shareholders will receive 0.7520 shares of Patterson-UTI common […]

Medtronic plc (MDT), a healthcare technology company, announced on Thursday that it has entered into a definitive agreement to acquire EOFlow Co. Ltd. manufacturer of the EOPatch device; a wearbale insulin patch that is tubeless and fully disposable. “To the extent that all the public shares participate in the tender offer, the total consideration for […]

Gene therapy company uniQure N.V. (QURE) announced Monday it has entered into a definitive agreement to sell a portion of the royalty rights due to uniQure from CSL Behring from the net sales of HEMGENIX (etranacogene dezaparvovec-drbl) to HealthCare Royalty (HCRx) and Sagard Healthcare for a gross purchase price of up to $400 million in […]

Pearson Plc (PSON.L), a British publishing and education company, announced Tuesday that it has agreed to sell Pearson Online Learning Services or POLS to Regent, a private equity firm. The sale of this business concludes the strategic review announced in August 2022 of POLS, its international Online Program Management or OPM business. The company said […]