LONDON: Caspian Sunrise PLC is set to selling its MJF and South Yelemes structures within the BNG Contract Area to Absolute Resources LLP for $83 million. The exclusivity agreement, valid until 8 August 2024, could lead to a conditional sale and purchase agreement subject to regulatory and shareholder approval. The proposed sale would not include…
All posts tagged Asset Sale
Bushveld Minerals announces Vanchem asset sale for $40.6 million
LONDON: Bushveld Minerals Limited, a leading vanadium producer listed on AIM, has announced a strategic move to sell its Vanchem asset to Southern Point Resources Fund I S.A. LP (SPR) for up to $40.6 million. The deal includes an initial consideration of $20.6 million and a deferred payment of $15 to $20 million. This decision…
Merz Therapeutics to acquire Acorda Therapeutics for $185m amid Chapter 11 filing
Acorda Therapeutics, Inc. (Nasdaq: ACOR) has entered into a definitive agreement for the sale of all of its assets, including INBRIJA, AMPYRA, and FAMPYRA, to Merz Therapeutics for a total consideration of $185 million. This strategic move comes as Acorda, a prominent name in the pharmaceutical industry, seeks to navigate through Chapter 11 bankruptcy proceedings.…