Daily Archives: Tuesday, September 17, 2019

Energy Transfer to acquire rival midstream company SemGroup for $5.1bn

Energy Transfer acquisition of SemGroup : US midstream energy company Energy Transfer has agreed to acquire SemGroup for a total consideration of approximately $5.1 billion, including the assumption of debt and other liabilities. SemGroup, which is headquartered in Tulsa, Oklahoma, operates a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals across […]

Lundbeck to acquire Alder BioPharmaceuticals to extend migraine portfolio

Lundbeck acquisition of Alder BioPharmaceuticals : Danish pharma company H. Lundbeck has entered into a definitive agreement to acquire Alder BioPharmaceuticals, a US clinical-stage pharma development company, in a transaction valued at up to $1.95 billion in cash. Alder BioPharmaceuticals is engaged in discovering, development and commercialization of novel therapeutic antibodies for the preventive treatment […]

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Home automation company Vivint Smart Home to merge with Mosaic Acquisition

Vivint Smart Home, a US smart home services provider backed by Blackstone Group, has agreed to merge with a subsidiary of Mosaic Acquisition to create a home automation company worth $5.6 billion. Mosaic Acquisition is a special purpose acquisition company of Japanese investment firm SoftBank Group. Founded in 1999, Vivint Smart Home offers a suite […]

Mindmed acquires 18-MC opioid addiction drug candidate from Savant HWP

Mindmed acquisition of 18-MC : Canada-based Mind Medicine (Mindmed) has acquired opioid addiction drug candidate 18-MC from Savant HWP for an undisclosed price, as per the latest pharma acquisition news. 18-MC, which is derived from ibogaine – a natural psychedelic substance, is being developed for addressing the opioid crisis and other types of addiction. The […]

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Carlton & United Breweries acquires Riot Wine, expands portfolio

Carlton & United Breweries acquisition of Riot Wine : Anheuser-Busch InBev (AB InBev) subsidiary Carlton & United Breweries (CUB) has acquired Australian canned wine company Riot Wine for an undisclosed amount, as per the latest drinks acquisition news. Adelaide-based Riot Wine is said to be the only wine company in the country that sells wine […]

Motorola Solutions opens innovation center at University of Illinois

Communications equipment company Motorola Solutions has opened the company’s first college campus innovation center at Research Park, an affiliate of the University of Illinois Urbana-Champaign, US. The new Motorola Solutions innovation and design center will develop products, applications and services in a range of areas, including command center software and video. Kelly Mark – executive […]

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