PERTH: Australian explorer Pinnacle Minerals Ltd. (ASX: PIM) has executed a binding agreement to acquire a portfolio of eight critical minerals projects in the United States, the company announced Wednesday. The acquisition includes six projects in Idaho and two in Washington state, all located in historic mining districts. The centerpiece of the deal is the…
Biotron to acquire Sedarex
SYDNEY: Biotron Limited (ASX:BIT) announced Wednesday it will acquire Sedarex Limited, a company holding global patents for SedRx™, a next-generation general anaesthetic, in a transaction supported by a $2.5 million capital raising. The acquisition includes an initial issuance of 500 million Biotron shares, valued at $1.5 million, with additional milestone-linked shares tied to regulatory and…
Jumbo Interactive acquires UK prize draw firm Dream Car Giveaways for A$134 million
SYDNEY: Jumbo Interactive Ltd (ASX:JIN) said on Wednesday it has completed the acquisition of UK-based prize draw operator Dream Car Giveaways (DCG) for up to A$134.2 million (£65.8 million), marking its entry into Britain’s fast-growing digital prize draw market. The deal, funded through a mix of cash, equity and debt, includes upfront cash of A$99.5…
Stellantis to invest $13 billion to grow in the United States
AUBURN HILLS: Stellantis announced today plans to invest $13 billion over the next four years to grow its business in the critical United States market and to increase its domestic manufacturing footprint. The investment is the largest in the Company’s 100-year U.S. history and will support the introduction of five new vehicles across the brand…
Skycorp Solar Group to acquire 24% stake in Nanjing Cesun Power for $8.7 million
KARACHI: Skycorp Solar Group Limited (NASDAQ: PN), a manufacturer of solar cables and connectors, said Tuesday it has signed a definitive agreement to acquire a 24% equity interest in Nanjing Cesun Power Co., Ltd. for approximately $8.7 million. The stake will be purchased from Skyline Tech Limited through the issuance of 12 million Class B…
EyePoint Pharmaceuticals announces $150 million public offering to fund retinal drug development
WATERTOWN: EyePoint Pharmaceuticals, Inc. announced Monday it has commenced an underwritten public offering of $150 million of its common stock. The biopharmaceutical company, which focuses on treatments for serious retinal diseases, stated that all shares in the offering are being sold by the company. EyePoint also plans to grant the underwriters a 30-day option to…
Bouygues, Free-iliad and Orange jointly offer to acquire telecom business of Altice in France for €17 billion
Bouygues Telecom, Free-iliad Group and Orange joint statement following the rejection of their acquisition bid by Altice France PARIS Bouygues Telecom, Free-iliad Group and Orange have submitted a non-binding offer to acquire a large part of the telecommunications activities of the Altice group in France. While ensuring continuity of service for SFR customers and in…
Hancock Whitney Q3 2025 profit rises 12% on higher revenue, cost management
GUFPORT: Hancock Whitney Corp (HWC.O) on Tuesday reported a 12% rise in third-quarter profit, driven by higher noninterest income and improved operational efficiency, even as deposits dipped. The Gulf Coast-based lender posted net income of $127.5 million, or $1.49 per share, for the quarter ended Sept. 30, up from $113.5 million, or $1.32 per share,…
European stocks slide to two-week low on renewed US-China trade fears
LONDON European stocks closed at a two-week low on Tuesday, reversing early-week gains as the threat of a new U.S.-China trade dispute and a profit warning from tyre maker Michelin rattled investor sentiment. The pan-European STOXX 600 index .STOXX ended the session down 0.4%, paring steeper losses from earlier in the day. Germany’s trade-sensitive DAX…
U.S. stocks stage sharp reversal as strong earnings offset China jitters
U.S. stock indexes staged a dramatic intraday rebound on Tuesday, with the Dow Jones Industrial Average swinging more than 1,000 points from its low, as robust bank earnings provided a counterweight to escalating trade tensions with China. The blue-chip Dow, which had tumbled as much as 615 points during the session, closed up 424 points,…
Johnson & Johnson to spin off orthopedics unit named DePuy Synthes
NEW BRUNSWICK: Johnson & Johnson said Tuesday it plans to separate its orthopedics business into a standalone company named DePuy Synthes within the next 18 to 24 months, marking its second major spinoff in two years. The move comes as the health-care conglomerate raised its 2025 product revenue forecast to a range of $93.5 billion…
Orpheus Uranium acquires Oobagooma uranium project in Western Australia
ADELAIDE: Orpheus Uranium Limited (ASX: ORP) has agreed to acquire the Oobagooma Uranium Project in Western Australia’s Canning Basin, the company announced Tuesday. The project was purchased from Jackson Cage Pty Ltd, a wholly owned subsidiary of Elevate Uranium Ltd (ASX: EL8). The Oobagooma Project covers 271 square kilometers and is located in the West…