Merck’s Buyout Of Seagen Hits Speed Braker Over Price Agreement: Report
Merck & Co Inc (NYSE: MRK) and Seagen Inc (NASDAQ: SGEN) have not been able to agree on a buyout price, Bloomberg reported. The deal talks have been stalled, for now, threatening Merck’s potentially the largest deal in more than a decade, according to people familiar with the matter. Previously, Merck and Seagen’s deal was expected to be sealed […]
Owl Creek Urges Cano Health Board To Consider Potential Sale
Owl Creek Asset Management L.P. sent a letter to Cano Health Inc (NYSE: CANO) board strongly encouraging the company to pursue strategic alternatives, including a potential sale. Owl Creek owns around a 3.75% stake in Cano. According to the letter, the asset management says, “the past year’s roller coaster of accounting issues has shaken our confidence. We feel that […]
Credit Suisse’s Largest Owner Asks For Sustainable Options For Troubled Investment Banking Unit
Bloomberg reported that Credit Suisse Group AG’s (NYSE: CS) largest shareholder had asked the firm to earn sustainable returns for its investment banking business or look for options, which has been the centerpiece of the losses over a couple of years. In an interview, David Herro, the chief investment officer of Harris Associates, said, “it can’t be fixed within […]
Elliott Management Started Buying Swedish Match Stock After Philip Morris $16B Bid – What’s Next
Philip Morris International Inc (NYSE: PM) may have to increase its Swedish Match AB’s (OTC: SWMAY) $16 billion bid to gain full ownership of the smokeless-tobacco maker, writes Wall Street Journal. Philip Morris wants to gain an edge over its competitors, including Altria Group Inc (NYSE: MO) and British American Tobacco PLC (NYSE: BTI), to dominate smoke-free tobacco products. According … Full story available on Benzinga.com […]
PetroChina Mulls Separate Listing For Its Energy Marketing Business: Report
PetroChina Company Limited (NYSE: PTR) is reportedly considering its marketing and trading business and seeking a separate listing. According to the annual report, the marketing division comprises refined products, including overseas, as well as crude oil, natural gas, and chemical products. It also includes some non-oil sales in PetroChina’s gas stations throughout the country, the report … Full […]
Optimi Health Given Green Light To Produce And Distribute MDMA In Canada, The Legal Landscape Ahead
Optimi Health Corp. (OTCQX: OPTHF) received permission from Health Canada to manufacture and distribute other psychedelic substances -most notably MDMA- under the amended terms outlined in its June 20, 2022 application to the institution. Optimi holds a license to produce natural psychedelic and functional mushrooms. The terms of the amendment became effective as of August 5, 2022. Production and […]
Is BioLife Sciences (OTCPK: BLFE) An OTC Company Primed For Growth?
HENDERSON, NV, Aug 10, 2022 – BioLife Sciences Inc. (BioLife), a commercialization accelerator, licensor and developer of technologies, has reportedly provided investors with a significant company update throughout the course of a two-year transformation. Over the course of the last two years, BioLife has gone through a number of changes evolving into a revamped corporate […]
Rich Americans & Celebs Are Tuning In But Not Dropping Out: Venture Capital Gets Spiritual With Ayahuasca And Other Psychedelics
After recent declarations by Aaron Rodgers on how his experience with ayahuasca and ‘shrooms helped with his career and improved his life on all levels possible, investors Suzie and David Stadnyk came out and shared their own experiment with the hallucinogenic. They were both typical businesspeople for all of their adult lives, but when they hit 60 they decided to take a trip, […]
Investors Ask Asian Crypto Exchange’s CEO To Step Down, Bankrupt Exchange In Potential Fundraising Talks
Bloomberg reported that Singapore’s High Court granted Asian crypto exchange Zipmex Pte, Zipmex more than three months of creditor protection until December 2. The company filed for bankruptcy protection in July and capped withdrawals last month after exposure to troubled crypto lender Babel Finance hurt its finances. Some shareholders and potential investors in Zipmex are urging CEO Marcus Lim […]
Trump’s Niece Points Finger At Jared Kushner For Tipping Off FBI: ‘It Sounds Like Somebody In Jared’s Position’
Following the Federal Bureau of Investigation raid of Donald Trump’s Florida residence, multiple reports are suggesting a close aide of the former president had a role in tipping off the agency about classified documents. When Mary Trump was asked during an interview as to whom she thinks could have been the “Mar-a-Lago mole,” she said, “We need to […]