Metalla Royalty & Streaming Ltd. (MTA.TO) a precious metal royalty and streaming company, announced on Friday that it agreed to acquire Nova Royalty Corp (NOVRF), a royalty company with the aim of converting the combined company as a leading emerging intermediate royalty company. Nova shareholders will receive 0.36 of a common share for a price of C$1.90 per Nova Share, […]

FirstEnergy Corp. (FE), an electricity utility company, announced on Thursday that its subsidiaries Penelec, Penn Power, Keystone Appalachian Transmission Company, and Mid-Atlantic Interstate Transmission, LLC have filed a settlement agreement with the Pennsylvania Public Utility Commission or PaPUC to merge FirstEnergy’s four Pennsylvania electric distribution companies into a single operating company. With this settlement, the company expects to deliver safe, […]

Realty Income Corp. (O) Friday said it has signed a definitive agreement to invest around $950 million to acquire common and preferred equity interests in a new joint venture that owns a 95% interest in the real estate assets of The Bellagio Las Vegas. The equity interests will be acquired from Blackstone Real Estate Income Trust, Inc. or BREIT. The […]

British arms, security, and aerospace firm BAE Systems Plc (BA.L) announced Thursday its agreement to acquire Ball Aerospace business from Ball Corp. (BALL) for around $5.55 billion in cash, subject to customary closing adjustments. The proposed acquisition is expected to be earnings accretive in the first full year including run-rate cost synergies, and cashflow accretive in the first year excluding […]

DISH Network Corp. (DISH) and EchoStar Corp. (SATS) announced Tuesday they have entered into a definitive agreement for DISH to combine with EchoStar in an all-stock merger at a fixed exchange ratio. The transaction was negotiated and recommended by Special Committees of Independent Directors of both companies and unanimously approved by the Boards of Directors of both companies. The deal […]

FLSmidth (FLIDF.PK), a Danish engineering company, Friday said its Cement unit sold its Advanced Filtration Technologies or AFT filter media business to Micronics, a provider of industrial filtration solutions. Further, the company raised its fiscal 2023 EBITDA margin and adjusted EBITDA margin view to reflect the expected net gain of around 100 million Danish kroner from the divestment. For the […]

Biopharmaceutical company Immunome (IMNM) and private biotechnology company Morphimmune announced Thursday that they have entered into a definitive merger agreement to combine in an all-stock transaction. The Boards of Directors of both companies have approved the all-stock transaction. The combined company, which will operate as Immunome and retain the same ticker symbol, will be headquartered in Seattle, WA and will […]

Coherus BioSciences, Inc. (CHRS), announced on Friday that it has entered into a definitive merger agreement to acquire Surface Oncology Inc. (SURF). The acquisition significantly advances Coherus’ I-O pipeline with anti-IL-27 and anti-CCR8 clinical programs. Under the terms of the agreement, the deal is a stock for stock transaction valued up to $65 million, or around three times more than […]

U.K.-based Liontrust (LIO), a specialist fund management group, on Thursday announced that it has conditionally agreed to acquire the entire issued share capital of Switzerland-based GAM Holding AG (GAM). The consideration values the entire issued share capital of GAM of CHF 107 million or 96 million pounds and a 16 per cent discount to the closing GAM Share price on […]

British banking major HSBC Holdings Plc has acquired collapsed Silicon Valley Bank’s UK unit in a 1 pound rescue deal, with immediate effect. The move comes after the California-based Silicon Valley Bank was shut down on last Friday by U.S. regulators following the biggest U.S. bank failure since the 2008 financial crisis. Following the news, HSBC shares were losing around […]