Stocks
Single names, sectors, valuations and the trades behind the tape, explained in plain language.
Zymeworks to Acquire Theravance Biopharma for $929 Million in All-Cash Deal
Zymeworks will acquire Theravance Biopharma for $17 per share in a $929 million all-cash deal. The transaction includes a 10-year contingent
CVC to Buy Dessert Supplier IRCA from Advent in Latest Private Equity-to-Private Equity Deal
CVC Capital Partners has agreed to buy IRCA, an Italian supplier of dessert ingredients, from rival private equity firm Advent International
Bridgepoint Buys Kayne Anderson Real Estate for $1.4 Billion, Shares Jump 12%
Bridgepoint, a UK private equity firm, agreed to buy Kayne Anderson's US real estate business for $1.4 billion. The deal adds $22 billion in
BAT to Reshape 9,000 Roles in AI Overhaul, Targets £600M in Annual Savings by 2028
British American Tobacco is overhauling 9,000 roles through an AI-driven restructuring, targeting £600 million in annual savings by 2028. US
Samsung Biologics Surges 8% as Union Vote Eases Fears of Coordinated Labor Disruption
Samsung Biologics shares jumped nearly 8% after its union voted to leave the Samsung Group federation. The move eased fears of coordinated l
Haleon Eyes Thorne Supplements in Wellness Brand Shopping Spree
Haleon, the British consumer healthcare giant, has joined the race to acquire Thorne, a fast-growing supplements brand owned by L Catterton.
Berenberg Says CTP's 30% Slump Overlooks Its Logistics Land Bank and Growth Prospects
Berenberg argues CTP's recent share slump unfairly lumps it with rate-sensitive European real estate, ignoring its large landbank and logist
Allianz Germany Update Boosts Berenberg's Confidence in Faster Earnings Growth
Berenberg raised its medium-term earnings growth outlook for Allianz after the insurer's Inside Allianz Series in Munich. The investment ban
Berenberg Upgrades Bellway to Buy on Strong Cash Returns Despite Housing Slump
Berenberg upgraded Bellway to buy, highlighting a 4% dividend and £150 million annual buyback. The bank argues generous cash returns could m
Persistent Systems Shares Dive 10% on €1 Billion Nagarro Bid, Analysts Flag Debt and Margin Risks
Persistent Systems shares sank as much as 10.6% after the Indian IT firm offered €1 billion for Germany's Nagarro at a 100% premium. Analyst
Fitch Affirms L&T at BBB+ with Stable Outlook, Citing Strong Margins and Net Cash
Fitch Ratings affirmed Larsen & Toubro's BBB+ rating with a stable outlook, citing strong margins and a deep order book. The agency noted L&
Fitch Affirms China Galaxy Securities at BBB+ on State Support; Shares Rise 2%
Fitch reaffirmed China Galaxy Securities' BBB+ rating on June 26, pointing to potential support from state-owned Central Huijin. The broker'