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 […]

(Reuters) – U.S. online prescription drug price marketplace GoodRx Inc has submitted paperwork with the U.S. Securities and Exchange Commission for a potential initial public offering, according to people familiar with the matter. GoodRx, which was valued at $2.8 billion in 2018 when private equity firm Silver Lake invested in the company, is in the […]

HONG KONG (Reuters) – As Hong Kong’s stock market prepares for billions of dollars in sales of new shares, global fund managers have a big challenge – competing with the city’s army of mom-and-pop investors for a slice of the pie. Record participation by retail investors in a recent Hong Kong initial public offering and […]

MILAN (Reuters) – Intesa Sanpaolo’s (ISP.MI) victorious battle for rival UBI (UBI.MI) has sent shockwaves through Italy’s fragile banking sector as financiers try and work out who will be next in an industry ripe for consolidation. The unsolicited bid, Europe’s largest banking deal in a decade, has set the stage for further mergers in the […]

SINGAPORE/KUALA LUMPUR/HONG KONG (Reuters) – A handful of companies from the technology and consumer durables sectors are aiming to launch IPOs in Southeast Asia later this year, pointing to an upturn after pandemic-hit markets and weak economic growth slashed fundraising. In Malaysia, home improvement retailer Mr DIY has re-started the process for its up to […]

(Reuters) – Eastman Kodak Co (KODK.N) will get a $765 million loan from the U.S. government to produce pharmaceutical ingredients in the country, helping reduce dependency on other countries by strengthening domestic supply chains. The company’s shares were trading at $8.80 after closing at $2.62 in the previous session. The U.S. International Development Finance Corp […]