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 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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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 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 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 […]
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 […]