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Eli Lilly CFO Says Company To Make Quarterly Deals Of $1 Bn-$5 Bn In 2020

With an effort to augment its pipeline of future products, the United States based drug maker Eli Lilly and Co has announced plans to disclose deals and acquisitions worth about one deal worth between $1 billion to $5 billion every quarter in 2020. This was said by the chief financial officer of...

Mergers & Acquisitions In Global Auto Industry In 2019

The pressure that was felt by the global auto industry because of slowing demand, increased need for extensive investments for new generation vehicles and stricter auto emission norms saw a wave of consolidation in the industry in the past year. There were many big-ticket merger and acquisitions...

DuPont’s Nutrition & Biosciences Unit To Merge With IFF

The IFF and DuPont’s Nutrition & Biosciences business will be merged in a Reverse Morris Trust transaction, the two companies have announced. On an enterprise value basis, the value of the merged entity is anticipated to be at $45.4 billion which effectively values the N&B business for...

Refinitiv’s Acquisition Offer Of LSE Approved By The Former’s Shareholders

The proposal to be acquired by Refinitiv in a deal that is worth $27 billion was presented to be voted by the shareholders of the London Stock Exchange Group plc. The results of the General Meeting held earlier on Tuesday showed that the vast majority of LSEG shareholders voted in favour of the...

Novartis To Acquire Heart Drug Prospect Inclisiran The Medicines Co For $9.7 Billion

With the aim of rivaling cardiovascular medicines from Amgen Inc, Sanofi and Regeneron Pharmaceuticals, Swiss drugmaker Novartis has decided to acquire The Medicines Co , the owner of the heart drug prospect inclisiran, in a deal worth $9.7 billion hoping to take advantage of this medicine.  ...

Tiffany To Be Acquired By LVMH For A $16.2 Billion Deal

The iconic United States based jeweler Tiffany is set to be acquired by the French luxury goods maker Louis Vuitton owner LVMH for $16.2 billion. This is the biggest takeover in the history of the French firm and it is hoping that it would be able to bring the US firm to its former glory.  ...

Renault Shares Drop After Withdrawal Of Merger Offer By Fiat Chrysler

The stocks of Renault dropped by 8 per cent after Fiat Chrysler withdrew its earlier proposal of a merger with the French car maker. No decision about the merger was taken on Wednesday by the representative of the French on the board of Renault.   In order to convince its Japanese alliance...

Infineon To Acquire Cypress Semiconductor In A $10 Billion Deal

The chip maker Cypress Semiconductor has been agreed to be bought by Infineon Technologies in a deal in which the chip maker would be valued at $10 billion.   In addition to continuing its dividend through closing, Infineon has decided to pay $23.85 per share in cash ($10 billion enterprise...

$35 Billion Merger Proposal From FCA Being Considered With Interest By Renault

The third biggest automaker was proposed to be created by the merger of Fiat Chrysler and Renault on Modnay based on fairly equal terms that balanced the role and power of each party which would help both the companies to better address the challenges of development costs of new technologies and...

Kellogg Agrees To Sell Its Snacks To Ferrero For $1.3 Billion

With the aim of shifting focus to its business units and products that are fast growing, Kellogg Co. has decided to divest its cookies and fruit snack brands – which would include Keebler and Famous Amos brands – to a Ferrero SpA in a deal worth for $1.3 billion.   The companies said Monday...

Smaller US Rival Wellcare To Be Acquired By Health Insurer Centene For $15.27B

With the aim of boosting its government-backed healthcare business, the United States based health insurer Centene Corp has decided to acquire its smaller rival WellCare Health Plans in a cash-and-stock deal. The acquisition valued the smaller US company WellCare at $15.27 billion.   There...

US Fintech FIS Will Acquire Worldpay In A $35Bn Deal

The significant growth in the payments industry was reflected in the announcement of the largest deal; in the segment were in payment processor Worldpay would now be bought over by US fintech group Fidelity National Information Services Inc (FIS) for about $35 billion.   There has been a...
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