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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 […]

Lonestar Files for Chapter 11 Bankruptcy

Independent oil and gas company Lonestar Resources Inc. (LONE) announced having filed for chapter 11 bankruptcy protection in the United States bankruptcy court for the southern district of Texas on 30 September. Mid-September the company had announced a restructuring support agreement with its largest shareholders which would see the company eliminate debt obligation and preferred […]

McAfee Files for Nasdaq IPO

Cyber security company McAfee Corp. has filed to get listed in the United States stock markets under the ticker MCFE. The data security provider is seeking to capitalize on how the markets are rebounding following from a slump several months ago attributed to the pandemic. The company did not disclose the amount of shares or […]

Cleveland-Cliffs Strikes a $1.4 Billion Deal to Purchase Assets of ArcelorMittal

U.S based largest producer of iron ore pellets Cleveland- Cliffs Inc. (CLIF) announced that it has agreed to buy U.S assets of world’s largest steel manufacturer ArcelorMittal SA (AMS: MT) in a deal worth $1.4 billion. ArcelorMittal has been engaging in a realignment to consolidate and diversify its business with an aim of making it […]

United Wholesale Mortgage to go Public Through a Merger Deal

U.S based United Wholesale Mortgage LLC has announced that it will be going public through a merger deal with a special purpose acquisition company (SPAC) Gores Holdings IV Inc. (GHIV). This deal will value United Wholesale at $16.1 billion. SPAC’s are also referred to as blank check companies. Under the deal, United Wholesale will retain 94% […]

Two Shopify Employees Attempt to Steal Customers’ User Data

Ottawa based e-commerce company Shopify Inc. (SHOP) has come out to reveal two of its employees attempted to steal transaction records of its customers. Targeted transactions were the ones for clients with less than 200 merchants. The company said exposed client’s data included name, address, email and other personal records. Nonetheless, the attempted theft did […]