Meggitt Plc shares have skyrocketed by the largest margin in the company's 170-year history, reaching 800 pence per share. This is a 71% jump from Friday's closing price. Meggitt's latest stock surge comes after Parker-Hannifin Corp. decided to acquire Meggitt Plc for 6.3 billion pounds ($8.8 billion) in an...
The Calgary-headquartered Pembina Pipeline Corp. decided to pull its C$8.5 billion ($6.7 billion) offer to acquire Inter Pipeline Ltd., consequently providing Brookfield Infrastructure Partners LP with a clear path to pursue their own bid. Inter is expected to pay a C$350 million termination fee to Pembina, who in turn...
The World Bank and COVAX revealed on Monday their financing mechanism intended to speed up the supply of COVID-19 vaccines to developing countries, where vaccination rollouts are occurring at a significantly slower rate than in wealthier nations. This plan will see COVAX, the global vaccine distribution program, accept advance...
Pfizer Inc and BioNTech SE revealed on Wednesday that they've completed a deal with the South African Biovac Institute to process and distribute approximately 100 million COVID-19 vaccines to members of the African Union. While production will begin in 2022, equipment installations, on-site developments, and the transfer of technology...
Global private equity firm Partners Group Holding AG has confirmed the acquisition of generic drugmaker Pharmathen SA from BC Partners in a deal worth approximately 1.6 billion euros ($1.9 billion). The Swiss-based Partners Group managed to edge out other potential buyers by sealing the deal before the planned auction...
Taiwanese company Pou Chen Corp halted operations at its plant in the Vietnamese capital of Ho Chih Minh City last wek as a result of COVID-19 concerns. The factory, which produces footwear for Nike and Adidas, took the decision as COVID-19 cases continue to surge in Vietnam's business hub.
Vietnam's...
With the demand for travel experiencing a drastic rise in recent times, Delta Air Lines confirmed recently that it expects to remain profitable for the remainder of the fiscal year. Furthermore, the Atlanta, Georgia-based airline revealed that it has exceeded estimates in its latest quarterly earnings. "The days of...
The Vietnamese health ministry reported on Wednesday that U.S. pharmaceutical company Pfizer would be providing 20 million doses of its COVID-19 vaccine to the Southeast Asian country. The vaccines, co-developed by German biotech company BioNTech, are expected to be administered to 12 to 18-year-olds as part of the next...
Dominion Energy confirmed on Monday that it has abandoned its sale of its natural gas pipeline to a unit of Berkshire Hathaway due to uncertainty over whether or not antitrust regulators would approve it. The Warren Buffet-led Berkshire planned to acquire Dominion's Questar Pipelines for $1.3 billion in cash...
The industrial safety department of the Indian state of Tamil Nadu conducted an investigation of Renault-Nissan's India plant, in order to determine if the facility was indeed complying with the state's coronavirus safety guidelines. According to Reuters, the state released a report in which it concluded that the Renault-Nissan...