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Geely Establishing a New Plant with an Annual Manufacturing Capacity of 30,000 EV’s

China based electric vehicle manufacturer Geely Automobile Holdings Ltd (GELYF) will be building a new plant with a production capacity of 30,000 premium electric vehicles annually. The new plant will be located in the western city of Chongqing and it will be fully managed by a newly registered company. According to the company’s website, the […]

Ant Group Receives Approval for Its Hong Kong Leg Dual Listing

China based financial technology company Ant Group Co Ltd announced having received an approval from China’s securities regulator for its upcoming Hong Kong leg dual listing which is estimated to fetch around $35 billion. The company is planning to simultaneously get listed in the Hong Kong and Shanghai stock markets. Insider sources revealed the company […]

Blackstone Selling BioMed in a Deal Worth $14.6 Billion

Leading company in real estate investing Blackstone Real Estate Partners announced that together with its co-investors they have discussed and resolved to sell self-administered and self-managed real estate investment company BioMed Realty Trust Inc. (BMR) for a price of $14.6 billion. Blackstone will be selling the entity to a group led by existing investors in […]

Solar Company Array Technologies Raises $1 Billion from its IPO

Solar power equipment manufacturer Array Technologies conducted its initial public offering on October 14 raising $1.05 billion from it. Once the company goes public it will be trading under the ticker symbol ARRY in NASDAQ. The U.S based company priced its shares at $22 per share in the IPO selling 47.5 million shares hence fetching […]

Aimmune Stakeholders Okays $2 Billion Nestle Offer

Shareholders of biotechnology company Aimmune Therapeutics Inc. (AIMT) have thrown their support behind a $2 billion tender offer from Swiss food and drink processing company Nestle SA (SWX: NESN) to gain entire ownership of the first peanut allergy treatment approved by the United States. Launch of the peanut allergy treatment has been sluggish due to […]

Mallinckrodt Files for Chapter 11 Bankruptcy Amidst Lawsuits

Irish pharmaceutical company Mallinckrodt Plc. (MNK) filed for chapter 11 bankruptcy protection on October 12 with the U.S. Bankruptcy Court for the District Of Delaware. This filing comes at a time when the company is facing lawsuits alleging that it engineered opioid epidemic in the United States. Back in March, Mallinckrodt was ordered by the U.S […]

Dun & Bradstreet to Purchase Bisnode in a Deal Worth $812 Million

Provider of commercial data, analytics, and insights for businesses Dun & Bradstreet Holding Inc. (DNB) has announced that it will be purchasing Sweden based provider of marketing services and credit information to digital businesses Bisnode in a deal worth $812 million. In a statement, Dun & Bradstreet said it will be doing the acquisition through […]

Clover Health to go Public Through Merger with Social Capital Hedosophia

U.S based healthcare insurance company Clover Health will be going public through a merger with a blank check company Social Capital Hedosophia Holdings Corp in a deal worth $3.7 billion inclusive of debt. This year numerous companies have opted to go public through mergers with blank check companies also known as special purpose acquisition company […]

Sequoia Conducts its IPO in Brazil Raises $179 Million

Brazil based logistics and company Sequoia Solucoes Logisticas conducted an initial public offering in its home market on 5 October. According to Brazil’s market regulator the company fetched 1 billion reais ($179.39 million) in the IPO. In the IPO, the company priced its shares at 12.40 reais per share which was even lower than the […]

NEC to Acquire Avaloq in a Deal Worth $2.2 Billion

Japan based technology and electric company NEC Corp (TYO: 6701) will be purchasing Swiss based financial software company Avaloq Group AG in a deal worth 2.05 billion Swiss francs ($2.2 billion). NEC opts to use this acquisition to make entry into the financial software market. For the longest time now Avaloq has remained as a […]