logo

Breaking News

Share SHARE

CTS Eventim AG & Co KgaA (CEVMF.PK), a ticketing enterprise, Tuesday said it has acquired a strategic 51 percent stake in Munich-based kinoheld GmbH. In addition to the actual share purchase, the transaction also includes financing for further growth of the company. kinoheld was established in 2013...

Diversified healthcare company Abbott Laboratories (ABT) announced positive one-year clinical results from ABSORB Japan, a multi-center, randomized trial comparing the safety and effectiveness of Abbott's fully dissolving Absorb heart stent to XIENCE, Abbott's market-leading, permanent drug eluting stent. The...

WPP plc (WPP.L, WPPGY) announced its wholly owned operating company Grey Group has agreed to acquire nudeJEH, an advertising and digital agency in Thailand. Following the acquisition, nudeJEH will be known as GREYnJ United. WPP said the acquisition marks a further step towards its declared goal of...

Innovation Group (TIG.L) announced Tuesday that it has reached agreement on the terms of a recommended cash offer with Axios Bidco Limited, owned by alternative asset manager Carlyle Group (CG), under which Innovation Shareholders shall be entitled to receive 40 pence in cash for each ordinary share....

Paper-based packaging solutions provider Smurfit Kappa Group (SKG.L)confirmed that Tony Smurfit has succeeded Gary McGann as Group Chief Executive Officer with effect from September 1, 2015. McGann retires from the group after leading it over the last 13 years. The Board said it looks forward to the...

Global safety equipment manufacturer MSA Safety Inc. (MSA) announced the terms of a proposed cash acquisition of United Kingdom-based Latchways plc (LTC.L), a provider of innovative fall protection systems and solutions, for 11 pounds per share. The Proposed acquisition is valued at about 124 million...

Alexion Pharmaceuticals, Inc. (ALXN) announced that the European Commission has approved Kanuma (sebelipase alfa) for long-term enzyme replacement therapy in patients of all ages with lysosomal acid lipase deficiency. Kanuma, an innovative ERT, is the first approved treatment in the European Union for...

British business services group Rentokil Initial plc (RTOKY, RTO.L) announced that it agreed to acquire US-based pest control company Steritech Group, Inc. for $425 million in cash, subject to US regulatory approval. The deal will further accelerate the growth of Rentokil's pest control business. Steritech...

Aga Rangemaster Group Plc. (AGA.L), a specialist in range cooking and kitchen living, announced Tuesday that it has received an approach regarding a possible cash offer from Home appliances giant Whirlpool Corp. (WHR). Aga Rangemaster has granted due diligence access to Whirlpool and is in discussions...

Ericsson (ERIC) announced a targeted new suite of software upgrades and ecosystem advances that will accelerate the uptake of Internet of Things, or IoT, for the benefit of both industry and consumers. Ericsson Network Software 16B leverages existing LTE and 3G networks while addressing IoT-specific...

Canadian drug maker Valeant Pharmaceuticals International, Inc. (VRX, VRX.TO) announced that its affiliate has entered into a collaboration agreement with AstraZeneca (AZN) under which Valeant was granted an exclusive license to develop and commercialize brodalumab. Brodalumab is an IL-17 receptor...

Capital investment firm Allied Minds plc (ALM.L) announced that it has appointed Joseph Pignato as the new chief financial officer. Pignato's broad strengths in finance, investor relations and operations, as well as his skills as a mentor to management teams, will be an asset to Allied Minds and its...

French insurer AXA SA (AXAHY) Tuesday announced that it had completed the sale of its Mandatory Provident Fund or MPF and Occupational Retirement Schemes Ordinance or ORSO business in Hong Kong to The Principal Financial Group. In conjunction with the sale, The Principal has entered into an exclusive...

Swedish human care company Elekta AB (publ) (EKTAF) reported that first-quarter net loss narrowed to 129 million Swedish kronor from 137 million konor in the prior-year quarter. Loss per share was 0.34 krona, narrower than last year's 0.36 krona. Net sales for the quarter increased 20 percent to 2.24...

German engineering company Manz AG (MANZF.PK) Tuesday said it received a major order from a new customer in the USA for a production line for the manufacture of lithium-ion batteries with a sales volume of around 12 million euros. The agreement also contains the prospective option for additional production...

Follow RTT