Hints and tips:
...Monday’s acquisition by Novartis of Seattle-based biotech firm Chinook Therapeutics for up to $3.5bn is a case in point....
...News of the deal comes months after Walgreens was forced to abandon its planned sale of the Boots pharmacy chain in the UK after struggling to draw interest from buyers, a move it blamed on market conditions...
...Healthy sales volumes have also helped send Kroger shares up 14.3 per cent this year, compared to an almost 17 per cent decline in the S&P 500....
...It values Morrisons, which traces its roots to a 19th-century Yorkshire market stall, at £9.9bn, made up of £6.7bn in equity and £3.2bn of net debt....
...It values the equity of Morrisons at £6.3bn before the inclusion of £3.2bn of net debt....
...The transaction will result in €3.5bn being invested in IVC, mostly from Silver Lake and Nestlé, one of the people said....
...In Europe, Sifted reports peer-to-peer lending platforms, which allow ordinary people to lend to small companies, may see them start to default in droves. 3....
...After sliding on Tuesday, shares in Finablr were down a further 3 per cent on Wednesday....
...Rite Aid shares rose 2.3 per cent in pre-market trading....
...Resources, a US oil and gas producer, agreed to buy rival RSP Permian for $9.5bn including debt and CME Group, the Chicago exchange, agreed to buy Nex Group, in a deal that valued the UK group at nearly £3.9bn...
...Aldi has said it will spend $3.4bn to add 900 US outlets in the next five years and a further $1.6bn on renovating existing stores....
...ConAgra shares rose 3 per cent to $40.80, pushing the gain this year to 12.5 per cent....
...Its 2 per cent share of the beauty market is not far off Estée Lauder’s 3 per cent but well below L’Oréal , which has 9.7 per cent, according to Bernstein Research....
...(Financial Times) Citic “has bought a stake in U.S. brokerage firm BTIG LLC, the company’s latest move to grow outside of China through buying a holding in a Western investment firm....
...Boots bought the Hayes Cunningham Robinson chain of pharmacies. Debenhams acquired the family owned Roches stores company in 2006....
...In 3-4 years, there will be a drastic reduction in lending capacity,” says Mr Meister....
...Shareholders of Drugstore.com will receive $3.80 in cash for each of their shares, representing a 113 per cent premium above Wednesday’s closing price....
...Independence Medical supplies 5,500 commercial customers, including medical equipment suppliers, independent pharmacies and wholesale distributors....
...Express Scripts tabled a $26bn offer to buy Caremark in a move by the pharmacy benefits manager that could stymie a $21bn all-stock bid made by CVS , which Caremark has already accepted....
International Edition