mergers-and-acquisitions News
Tourmaline Bio stock soars on $1.4B Novartis acquisition deal
The Swiss pharmaceutical giant will pay a 59% premium for the US biotech and its promising cardiovascular drug, pacibekitug.
Anglo American and Teck Unveil $50B Merger to Create Copper Giant
The new entity, Anglo Teck, will become a top-five global copper producer with a strategic focus on critical minerals.
Kraft Heinz to Split, Unwinding Decade-Old Mega-Merger
The food giant will separate its faster-growing global sauces unit from its North American grocery staples to create two focused public companies.
Dick's Sporting Goods Finalizes Foot Locker Acquisition
The deal creates a global sporting goods powerhouse with over 3,200 stores and targets up to $125 million in synergies.
PNC to Acquire FirstBank for $4.1B, Boosting Western US Presence
Deal for Colorado-based FirstBank will triple PNC's branch network in the state and significantly expand its Arizona footprint.
EchoStar Soars Over 24% on $17B Spectrum Sale to SpaceX
The landmark deal includes cash and SpaceX stock, funding for interest payments, and a long-term commercial agreement for satellite-to-cell services.
Peraso Stock Soars Over 80% as Mobix Labs Sweetens Buyout Offer
The revised unsolicited bid adds a cash component to a previous all-stock proposal, putting pressure on Peraso's board with a firm deadline.
Peraso Stock Soars Over 80% on Sweetened Mobix Buyout Offer
Mobix Labs adds a cash component to its acquisition bid and announces a new U.S. rail contract, fueling a significant rally in Peraso shares.