Vertex Pharmaceuticals Incorporated (VRTX) has announced its plans to acquire Alpine Immune Sciences, Inc. (ALPN), a company dedicated to the discovery and development of novel protein-based immunotherapies. The acquisition, valued at approximately $4.9 billion, will see Vertex purchasing Alpine at $65 per share in an all-cash transaction. The strategic acquisition has received unanimous support from…
Downer EDI awarded $320mn road maintenance contract
AUCKLAND: Downer EDI Limited today announced it had been awarded a road maintenance contract by Victoria’s Department of Transport and Planning valued at an estimated $320 million over a maximum term of eight years. The contract begins in July 2024 for an initial four-year term, with the option for two two-year extensions. Under the contract,…
Stewart Information Services has acquired All New York Title Agency
Stewart Information Services Corporation (NYSE-STC) has announced the acquisition of All New York Title Agency, Inc., a prominent commercial boutique title company based in White Plains, New York. All New York, founded in 1995 by industry veterans Joseph Petrillo and John Martin, has established itself as a leader in the Affordable Housing, Supportive Housing, and…
Inverness Graham acquires employee benefits leader BenefitHub
Philadelphia-based buyout firm Inverness Graham, known for investing in technology-driven companies, has officially announced the acquisition of BenefitHub. Established in 1999, BenefitHub is renowned for its comprehensive voluntary benefits and employee engagement platform, which serves over 10 million employees worldwide. The platform is utilized by numerous Fortune 1000 companies, including industry giants such as Amazon,…
New Advancements In Weight Loss Medications Are Shifting the Weight Loss Landscape
Society’s focus on weight and weight loss dates back centuries, and over the years, the battle against obesity has seen numerous approaches. Weight loss medications often fall short due to limited effectiveness or concerning side effects. However, recent advancements are shaking things up, offering a new wave of hope for those struggling with weight management….
AIP Capital launches Phoenix Aviation Capital, a full-service aircraft lessor
AIP Capital (AIP), a global asset management and investment company, announced today the formation of Phoenix Aviation Capital, a full-service aircraft lessor focusing on financing modern, high-demand aircraft worldwide. Phoenix is wholly owned by an American insurance and financial services company that has approximately $11 billion in assets under management. As part of this transaction,…
Integrating Yahoo Finance with AI to Forecast Market Trends and Inform Business Decisions
In the ever-evolving landscape of technology, Artificial Intelligence (AI) stands out as a revolutionary force, particularly in the realm of financial forecasting. AI refers to the simulation of human intelligence in machines that are programmed to think and learn. Its relevance in financial forecasting cannot be overstated; AI algorithms can analyze vast amounts of data,…
IFC to finance PTCL Group’s acquisition of Telenor Pakistan
Islamabad: The Board of Directors of the International Finance Corporation (IFC) has provided a go-ahead for financing to PTCL Group for the purchase of Telenor Pakistan. The decision follows PTCL Group’s signing of a share purchase agreement with Telenor Pakistan for the acquisition of a 100 percent stake in the company on a cash-free, debt-free basis. PTCL…
Roche Bobois SA to acquire majority stake in Chinese franchise
PARIS, FRANCE: Roche Bobois SA, the esteemed leader in luxury furniture and French Art de Vivre, has announced its intent to acquire a majority interest in its franchised stores across China. This decision follows the company’s successful franchise acquisitions in the United States and France, marking a significant step in its expansion into the lucrative…
Epwin Group appoints Stephen Harrison as Chairman
LONDON: Epwin Group Plc, a key player in the building products industry, has announced upcoming changes to its leadership. Andrew Eastgate will retire as Chairman and step down from the Board after a decade of service, effective after the AGM on May 21, 2024. Succeeding him is Stephen Harrison, who joined the Board in November…
Vinanz Limited enhances U.S. market presence with DTC eligibility and Employee Benefit Trust
LONDON: Vinanz Limited, a London-listed Bitcoin mining firm, has announced its shares are now DTC eligible in the U.S., simplifying access for investors. The DTC eligibility allows for efficient electronic clearing of the company’s shares, traded under the ticker “VINZF.” This move is expected to increase market activity and investor engagement. Furthermore, Vinanz has established…
IQE and Advanced Wireless Semiconductor announce expanded partnership
LONDON: IQE plc, a leader in compound semiconductor wafer products, has announced an expanded partnership with Advanced Wireless Semiconductor Company (AWSC) through a multi-year supply agreement. This strategic move will see IQE providing Gallium Arsenide (GaAs) wafers to AWSC for the production of power amplifiers for smartphones, targeting Tier One OEMs in China’s Android market….