Sydney -- Sigma Healthcare, an Australian drug supplier, has announced its agreement to merge with CW Group, a privately-owned pharmacy operator. This merger will create a new listed company worth more than A$8.8 billion (US$5.79 billion). Under the terms of the merger, Sigma will pay A$700 million in cash and issue new shares to CW Group, allowing the latter to own 86% of the … [Read more...] about Sigma Healthcare to Merge with CW Group, Creating an A$8.8 Billion Company
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JetBlue Avoids Costly Merger with Spirit Airlines
Lucky Escape for JetBlue JetBlue Airways can breathe a sigh of relief after a federal judge blocked the proposed $3.8 billion merger with Spirit Airlines. Although the decision may not have been in JetBlue's favor, the low-cost carrier sees this outcome as a fortunate one, considering the impact it would have had on cost-conscious travelers who rely on Spirit's affordable … [Read more...] about JetBlue Avoids Costly Merger with Spirit Airlines
Schaeffler Seeks Merger with Vitesco Technologies
Offering a cash bid of EUR91 per share, Schaeffler aims to acquire all shares of Vitesco Technologies Group, valuing the company at €3.64 billion. Introduction Schaeffler, one of Germany's largest auto suppliers, has made a strategic move to merge with Vitesco Technologies Group by offering a cash bid of EUR91 per share. This deal represents an estimated value of €3.64 billion … [Read more...] about Schaeffler Seeks Merger with Vitesco Technologies
Smurfit Kappa Group and WestRock Co. Sign Merger Agreement
Smurfit Kappa Group and WestRock Co. have officially signed a merger agreement, creating a global paper and packaging powerhouse valued at approximately $20 billion. The merger was announced on September 7, and the new company will be named Smurfit WestRock. It will be listed on the New York Stock Exchange and have a standard listing in London. Leadership and Ownership … [Read more...] about Smurfit Kappa Group and WestRock Co. Sign Merger Agreement
Federal Trade Commission Appeals Microsoft’s Acquisition of Activision Blizzard
The Federal Trade Commission (FTC) has filed a notice to appeal the court ruling permitting Microsoft's acquisition of Activision Blizzard. However, with time running out, it seems unlikely that the regulator will be able to halt the deal. The FTC submitted the filing late on Wednesday following a judge's decision earlier in the week that determined the merger would not … [Read more...] about Federal Trade Commission Appeals Microsoft’s Acquisition of Activision Blizzard
