(Reuters) – Roper Technologies Inc (ROP.N) said on Thursday it would buy Vertafore Inc, a private equity-owned insurance software vendor, for about $5.35 billion, in what would be its largest takeover deal to date. Reuters had earlier reported that the company was competing with private equity firms in an auction for Vertafore, which is owned […]
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SEOUL (Reuters) – Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, saw a 27% jump in half-year profits as its online concert and merchandise sales more than offset event cancellations during the COVID-19 pandemic. Earlier this month, Big Hit received preliminary approval for its planned initial public offering (IPO), […]
ZURICH (Reuters) – Liberty Global (LBTYA.O) plans to take over Switzerland’s Sunrise Communications (SRCG.S) in a surprise $7.4 billion deal announced by the companies on Wednesday. The agreed deal reverses Sunrise’s failed bid to buy Liberty’s Swiss business last year and marks a strategic reversal by the U.S. company which has been divesting European assets. […]
FRANKFURT (Reuters) – CureVac, one of Germany’s leading contenders to develop a COVID-19 vaccine, said it aims to raise up to $245 million in an initial public offering (IPO) on the U.S. Nasdaq. The biotech firm said on Monday it plans to offer a total of up to 15.33 million new shares, adding they would […]
FRANKFURT (Reuters) – CureVac, one of Germany’s leading contenders to develop a COVID-19 vaccine, said it aims to raise up to $245 million in an initial public stock offering (IPO) on the U.S. Nasdaq. The biotech firm said on Monday it plans to offer a total of up to 15.33 million new shares, adding the […]
BOSTON (Reuters) – Hedge fund Davidson Kempner said again on Thursday it will not be tendering its shares in Qiagen (QIA.DE), days after Thermo Fisher Scientific (TMO.N) said its offer to buy the German genetic test maker expires soon. “Davidson Kempner Will Not Be Tendering Into The Current Offer,” the hedge fund said in a […]
BOSTON (Reuters) – Hedge fund Davidson Kempner said again on Thursday it will not be tendering its shares in Qiagen (QIA.DE), days after Thermo Fisher Scientific (TMO.N) said its offer to buy the German genetic test maker expires soon. “Davidson Kempner Will Not Be Tendering Into The Current Offer,” the hedge fund said in a […]
(Reuters) – Telehealth market leader Teladoc Health (TDOC.N) said on Wednesday it would buy Livongo Health Inc (LVGO.O) in a cash-and-stock deal, valuing the company at $18.5 billion, to cash in on a rise in demand for online consultations amid the coronavirus crisis. The pandemic has thrust the U.S. telehealth industry into the spotlight this […]
MADRID (Reuters) – Shares in Spain’s Merlin Properties (MRL.MC) rose as much as 13% in early Tuesday trading after the Expansion newspaper reported that Canadian fund Brookfield (BAMa.TO) was considering a takeover bid. Merlin, which manages a portfolio of offices and commercial real estate across Spain and Portugal, declined to comment on the report. At […]
Beike owner KE open to secondary Hong Kong or mainland listing after U.S. IPO
BEIJING (Reuters) – KE Holdings, operator of housing platforms Beike Zhaofang and Lianjia, is open to a secondary listing in Hong Kong or mainland China, after raising around $2 billion on Thursday in the biggest U.S. IPO by a Chinese company in two years. The U.S. listing went ahead despite escalating tensions between the world’s […]