China Gives Antitrust Clearance For Analog Devices’ Acquisition Of Maxim – Quick Facts

Analog Devices, Inc. (ADI) and Maxim Integrated Products, Inc. (MXIM) said they anticipate their merger will close on or about August 26, 2021 as the deal has now received all required regulatory clearances. On Monday, China’s State Administration for Market Regulation has given antitrust clearance for Analog Devices’ acquisition of Maxim.

In July 2020, Analog Devices and Maxim entered into a definitive agreement under which ADI will acquire Maxim in an all stock transaction that values the combined enterprise at over $68 billion. In October, ADI and Maxim shareholders approved the proposals relating to the combination.

Federer-backed shoe company On files for U.S. IPO

(Reuters) – On Holding AG, a shoe firm backed by Swiss tennis star Roger Federer, filed for an initial public offering in the United States on Monday and revealed its net sales had jumped 59% in 2020.

Cherry Creek in position to become first Class 5A football program to three-peat twice

Rockies Magazine: August/September 2021 edition

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T-Mobile Probes Claims Of Data Breach Of 100 Mln Customers

Telecom major T-Mobile USA Inc. is investigating the validity of a claim on an online forum that the personal data of over 100 million customers have been breached, reports said.

According to a report from Vice Media’s Motherboard technology-news site, the forum’s post does not specifically mention T-Mobile, but the seller said it was obtained from T-Mobile servers.

The breached data is said to include information related to social security numbers, phone numbers, names, physical addresses, and driver licenses information. Some of these data are up for sale in exchange for bitcoin.

The hacker reportedly is asking for 6 Bitcoin for a portion of the data containing 30 million social security numbers and driver licenses. The remaining data is being sold privately.

The seller told Motherboard in an online chat that they compromised multiple servers related to T-Mobile.

T-Mobile spokesperson said, “We are aware of claims made in an underground forum and have been actively investigating their validity. We do not have any additional information to share at this time.”

Tesla Faces Investigation As NHTSA Report 11 Crashes

Electric vehicle giant, Tesla Inc (TSLA), is being investigated by National Highway Traffic Safety Administration after the agency found that there have been 17 injuries and at least one fatality due to the carmaker’s Autopilot system failure.

The Office of Defects Investigation has reported 11 crashes where the car has required the assistance of first responders and “subsequently struck one or more vehicles
involved with those scenes”. According to the agency, most of the incidents have taken place in low visibility situations while the drivers were using the Autopilot or Traffic-Aware Cruise Control. “Most incidents took place after dark and the crash scenes encountered included scene control measures such as first responder vehicle lights, flares, an illuminated arrow board, and road cones. The involved subject vehicles were all confirmed to have been engaged in either Autopilot or Traffic-Aware Cruise Control during the approach to the crashes,” read the report.

Autopilot, as the agency described, is an Advanced Driver Assistance System (ADDS), where the driver holds on to the steering wheel as the car operates automatically. The agency looked into almost 765,000 Tesla models, manufactured between 2014 and 2021.

The interest in Tesla Autopilot grew after a Model Y vehicle struck a police vehicle in March.

The shares of the company fell 5.03% subsequently, currently trading at $681.13, down $36.04. The shares opened at $717.17 in the morning and in the 52-week period, the shares have ranged between $329.88 and $900.40.

Pfizer To Buy Trillium Therapeutics For $18.50/Shr Cash – Quick Facts

Pfizer Inc. (PFE) and Trillium Therapeutics Inc. (TRIL) announced Monday that the companies have entered into a definitive agreement under which Pfizer will acquire Trillium, a clinical stage immuno-oncology company developing innovative therapies for the treatment of cancer.

Under the terms of the agreement, Pfizer will acquire all outstanding shares of Trillium not already owned by Pfizer for an implied equity value of $2.26 billion, or $18.50 per share, in cash. This represents a 118% premium to the 60-day weighted average price for Trillium.

Trillium’s portfolio includes biologics that are designed to enhance the ability of patients’ innate immune system to detect and destroy cancer cells.

In September 2020, as part of the Pfizer Breakthrough Growth Initiative (PBGI), Pfizer invested $25 million in Trillium and Jeff Settleman, Senior Vice President and Chief Scientific Officer of Pfizer’s Oncology Research & Development Group, was named to Trillium’s Scientific Advisory Board.

Pfizer has committed to providing up to $500 million in total funding to the PBGI.

Completion of the acquisition is also subject to court and regulatory approval, as well as certain other closing conditions customary for transactions of this nature.

KAR Auction Services To Acquire CARWAVE – Quick Facts

KAR Auction Services, Inc. (KAR) has agreed to acquire CARWAVE Holdings LLC, an online dealer-to-dealer marketplace, in a deal valued at $450 million. CARWAVE currently serves a network of franchise and independent dealers across Arizona, California, Nevada, Oregon and Texas.

“CARWAVE’s asset-light, technology-forward business model, with approximately 100,000 vehicles sold over the past 12 months, will enable us to continue driving innovation, achieve immediate profitability across our dealer-to-dealer offerings and enhance our position in the highly competitive dealer-to-dealer space,” said Peter Kelly, CEO of KAR Global.