The act of obtaining or beginning to have something, or something obtained is acquisition. In business terms, something that is bought by a company, such as another company, a building, or a piece of land is acquisition. Purchasing more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions…
Philip Morris appoints Jacek Olczak as CEO, André Calantzopoulos as Executive Chairman
NEW YORK: Philip Morris International (NYSE: PM) announced that Jacek Olczak was appointed Chief Executive Officer following the company’s 2021 Annual Shareholders Meeting earlier today. Mr. Olczak—most recently the company’s Chief Operating Officer—was also elected to the Board of Directors. André Calantzopoulos, who served as Philip Morris International (PMI) Chief Executive Officer from 2013, was…
Partnership between CEA and Roctool to create photovoltaic panels of tomorrow
PARIS: Roctool SA (EPA: ALROC) is selected as part of the EasyPOC program to develop the photovoltaic panels of tomorrow with CEA, a news release said. Roctool SA (EPA: ALROC), specialists in mold heating and cooling technologies for plastics and composites, were As part of the EasyPOC system, financed 100% by the Region Auvergne-Rhône-Alpes with…
MGC Pharmaceuticals gives update on its drug for COVID-19 and post COVID-19 syndrome
LONDON: MGC Pharmaceuticals Ltd (ASX: MXC), a European based bio-pharma company specialising in the production and development of phytocannabinoid-derived medicines, announced further results from the Phase II clinical and preclinical studies on ArtemiC, evaluating the efficacy on anti-inflammatory agents for increased cytokine, which is found in different variants and mutations of COVID-19 and post COVID-19…
Belluscura plc announces intention to float on AIM of London Stock Exchange
LONDON: Belluscura plc, a leading medical device developer focused on lightweight and portable oxygen enrichment technology, announced its intention to list entire issued and to be issued ordinary share capital of the Company to the AIM market of the London Stock Exchange. Belluscura’s first product, the X-PLO2 RTM, is a lightweight FDA cleared portable oxygen…
Ericsson and Samsung sign global patent license and technology cooperation agreement
STOCKHOLM: Ericsson (NASDAQ: ERIC) and Samsung have reached a multi-year agreement on global patent licenses between the two companies, including patents relating to all cellular technologies. The cross-license agreement covers sales of network infrastructure and handsets from January 1, 2021. Furthermore, Ericsson (NASDAQ: ERIC) and Samsung have agreed on technology cooperation projects to advance the…
Taylor Maritime Investments launches initial public offer to raise $250 million
LONDON: Taylor Maritime Investments Limited announced the launch of its initial public offering (IPO) on the Premium Segment of the Main Market of the London Stock Exchange, a news release said. Taylor Maritime Investments is offering approximately 250 million ordinary shares at an initial issue price of US$1.00 per ordinary share. The Company is an…
Euronext launches a €1.8 billion bond issue, listed on Euronext Dublin
PARIS: Euronext, the leading pan-European market infrastructure, has successfully priced a three-tranche senior bond offering representing a total amount of €1.8 billion, a news release said. The bonds will be admitted to trading on the regulated market of Euronext Dublin as of 17 May 2021 and are rated BBB by S&P. As well as on…
Macquarie Group announces 10 percent growth in net profit
SYDNEY: Macquarie Group (ASX: MQG) today announced a net profit after tax attributable to ordinary shareholders of $A3.015 billion for the year ended 31 March 2021 (FY21), up 10 percent on the year ended 31 March 2020 (FY20). Profit for the half year ended 31 March 2021 (2H21) was $A2.30 billion, up 106 percent on…
Walmart Health to acquire MeMD, a multi-specialty telehealth provider
BENTONVILLE: Walmart Health has entered an agreement to acquire MeMD, a multi-specialty telehealth provider, a news release said. This acquisition will, over the coming months, allow Walmart Health to provide access to virtual care across the nation including urgent, behavioral and primary care, complementing our in-person Walmart Health centers. Our focus on consumer engagement, improved…
Nuvei to acquire Simplex for $250 million in cash
MONTREAL: Nuvei Corporation (TSX: NVEI) entered into a definitive agreement to acquire SimplexCC Ltd., a fintech startup providing the fiat infrastructure to the cryptocurrency industry, for approximately $250 million to be paid in cash, a news release said. The transaction is subject to customary closing conditions, including regulator approval, and is expected to close in…
Wellington appoints Greg Bella as new CEO
WELLINGTON:: Wellington Drive Technologies (NZE: WDT) announced that Greg Balla is appointed as new CEO of the company. He is expected to assume the role on a full time basis on 1 September 2021, replacing Greg Allen who stepped down at the end of March 2021. Gottfried Pausch, Chairman and Interim CEO says, “We are…