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Just Eat Takeaway Posts Strong First Half Results Cites Pandemic as the Major Booster

Europe based food ordering company Just Eat Takeaway (TKWY) posted its results for the first half of the year which in fact can be termed as a pandemic fueled first half. In the first half the company reported increased revenue and profits. Just Eat attributes the good performance to stay at home orders which increased […]

Bayer Set to Buy KaNDy Therapeutics for $425 Million

German based pharmaceutical company Bayer AG (BAYGn) is set to purchase Britain based biotech counterpart KaNDy Therapeutics Ltd in a deal worth $425 million. Bayer made the announcement further saying the acquisition will make stronger its women healthcare business unit. Bayer claims sales of birth control pills have been declining due to cheaper copied brands […]

Roper Eyeing to Purchase Vertafore for $5.5 Billion

U.S based software manufacturer Roper Technologies Inc. (ROP) has expressed interest to purchase private equity owned insurance software vendor Vertafore Inc. sources linked with the matter are valuing the potential deal at $5.5 billion. If the deal sails through, then it will be the ever largest acquisition deal by Roper giving the company an enlarged […]

Uber Set to Purchase Tech Company Autocab

Widely used ride hailing company Uber Technologies Inc. (UBER) is looking forward to purchase Britain based tech company Autocab. The company majorly engages in development of booking and dispatch software to private hire firms. Uber considers the acquisition as a strategic one since it will be able to reach customers in markets where currently it […]

Alibaba Health Raises $1.3 Billion in Hong Kong Secondary Share Sale

China based provider of healthcare services Alibaba Health Information Technology sold its shares in the Hong Kong market which fetched it around $1.3 billion. The sale was conducted on August 4 in the market which acts as the secondary market for the parent company Alibaba Group Holding (BABA). The company issued 499 million shares priced […]

Siemens Healthineers Set to Acquire Varian Medical for $15 Billion

German based medical technology company Siemens Healthineers AG (SHLH) is looking forward to purchase manufacturer of cancer treating devices and software company Varian Medical System Inc. (VAR). People involved in the matter have revealed talks on the same are on advanced stages coming to an end and the deal will be worth $15 billion. The […]

Li Auto Expecting to Raise $1.1 Billion in its U.S IPO Debut

China based electric vehicle manufacturer Li Auto Inc. (LI) is looking forward to raise $1.1 billion in its upcoming Nasdaq initial public offering in slated for July 30. The company said it sold more shares than it anticipated to investors. According to internal sources, the company sold 95 million shares to investors at $11.5 per […]

Huawei Sold More Phones Than Samsung in the Second Quarter

Chinese tech giant Huawei Technologies overtook South Korea based Samsung Electronics (005930) in the second quarter becoming the largest seller of mobile phones in the second quarter of the year. Citing data compiled by a research company known as Canalys, Huawei shipped 55.8 million phones in the second quarter while it arch competitor Samsung shipped […]

Remington Files for Bankruptcy

U.S based gun manufacturer Remington Arms Co filed for Chapter 11 bankruptcy protection on July 27. Some recent incidents involving school shootings in the United States resulted to multiple gun sellers placing additional restrictions on purchase of guns. These additional restrictions caused financial troubles to some of companies engaging in guns business. This now makes […]

Italian State Lender Eyeing a Majority Stake in Autostrade

Italy’s state lender Cassa Depositi e Prestiti (CDP) is eyeing to purchase a majority stake in the upcoming initial public offering of Autostade, a move which will put investors’ fears concerning pricing of the asset at rest. Autostrade is owned by Italy based holding company Atlantia SPA (ATL), at the beginning of the month, the […]