Swiss drug major Novartis AG (NVS) announced Monday its agreement to acquire Seattle, Washington-based Chinook Therapeutics for a total value of up to $3.5 billion. The deal includes $3.2 billion upfront or $40 per share in cash upon closing, plus a contingent value right with a value of up to $0.3 billion or $4 per share. This is payable in […]

Assertio Holdings, Inc. (ASRT), a specialty pharmaceutical firm, and Spectrum Pharmaceuticals, Inc. (SPPI), announced on Tuesday that they have agreed for Assertio to buy Spectrum in an all-stock and contingent value rights transaction. Following the news, ASRT was trading down by 10.94 percent at $5.70 per share in the pre-market trading on Nasdaq. ASRT expects the acquisition to add to […]

British mass media firm WPP Group Plc (WPP.L,WPPGY) Wednesday announced the acquisition of Goat, an influencer marketing agency. The financial terms of the deal were not disclosed. Goat, founded by Arron Shepherd, Nick Cooke, and Harry Hugo in 2015, specialises in data-led end-to-end influencer marketing campaigns. The company has over 150 staff across three global offices. Since its founding, Goat […]

Real estate investment manager Bridge Investment Group Holdings Inc. (BRDG) announced Tuesday its agreement to acquire substantially all of the business of Newbury Partners LLC, an investment manager. The all-cash transaction is valued at $320.1 million. The deal is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory and investor approvals. The acquisition […]

Calyxt, Inc. (CLXT), a plant-based synthetic biology company, and Cibus, a leader in precision gene editing in agriculture, announced Tuesday that both companies have entered into a definitive merger agreement under which Calyxt and Cibus will merge in an all-stock transaction. The merger will create a new industry-leading company that combines the two pioneers in agriculture-based gene editing and establishes […]

Financial services provider State Street Corp. (STT) announced Wednesday that it has mutually agreed with Brown Brothers Harriman & Co. (BBH), a financial services firm, to terminate its proposed acquisition of BBH’s Investor Services business. The decision was taken after it became clear that State Street will be unable to obtain necessary approvals from its regulators for the agreed deal. […]

Footprint, a privately held firm focusing plant-based biodegradable products, and Gores Holdings VIII, Inc., an affiliate of The Gores Group (GRSHU), on Tuesday said that considering current market movements, the companies have agreed to slash the pro forma enterprise value of the combined firm Footprint to $1 billion, from $1.6 billion. The companies also announced the receipt of additional capital […]