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Theravance Biopharma, Inc. (TBPH), a biopharmaceutical company primarily focused on organ-selective medicines, announced Monday that its Phase 2 study of 3 mg once-daily nezulcitinib did not meet the primary endpoint. Nezulcitinib, also known as TD-0903, is an investigational, inhaled, lung-selective,...

South Korean automaker Hyundai Motor Co., Ltd. (HYMLF.OB, HYMTF.OB) Monday said it has completed the acquisition of a controlling interest in Boston Dynamics from SoftBank Group Corp. (SFTBY.PK, SFTBF.PK). The deal was closed after receiving regulatory approvals and other customary closing conditions....

Fiserv, Inc. (FISV), a provider of payments and financial services technology, announced Monday an agreement with German banking major Deutsche Bank (DB) to form a joint venture to create a comprehensive provider of payment acceptance and banking solutions. The joint venture will serve small and medium-sized...

Swedish luxury automaker Volvo Car Group, owned by China's Zhejiang Geely Holding, Monday said it intends to establish a joint venture with Swedish battery company Northvolt. The 50/50 joint venture will develop and produce more sustainable batteries, tailored to power the next generation of pure...

Shares of Wm Morrison Supermarkets plc (MRW.L) were gaining around 32 percent in the morning trading in London after the company confirmed an unsolicited highly conditional non-binding cash offer of 230 pence per share from Clayton, Dubilier & Rice Funds XI or CD&R. However, the Board rejected the conditional...

French ophthalmic company EssilorLuxottica SA (ESLOF.PK, ESLOY.PK) announced Monday the renewal of its exclusive license agreement with American luxury lifestyle brand Tory Burch. The agreement is for the development, production and worldwide distribution of sunglasses and prescription frames under...

CNH Industrial N.V. (CNHI) said that it agreed to acquire Raven Industries Inc. (RAVN), a US-based leader in precision agriculture technology for US$58 per share. The deal represents 33.6% premium to the Raven Industries 4-week volume-weighted average stock price, and US$2.1 billion Enterprise Value. Closing...

Global investment firm, KKR & Co. Inc. (KKR) said it is investing about $625 million to buy majority stake in Indian-based personal care and beauty products company Vini Cosmetics. The deal is expected to close in July 2021, subject to customary closing conditions. In accordance with the deal, Vini's...

French drug maker Sanofi (SNY) said that the European Commission has approved Aubagio or teriflunomide for the treatment of pediatric patients 10 to 17 years of age with relapsing-remitting multiple sclerosis or RRMS. The approval was based on data from the Phase 3 TERIKIDS study. The approval confirmed...

Gray Television Inc. (GTN) said it has formed a new sales and sponsorship entity called Gray Sports + Entertainment Sales to represent the company's internal content production portfolio to brands and advertising agencies. The new group is responsible for revenue generation of Gray-owned media and sponsorship...

U.S. indoor agriculture company Local Bounti Corporation has agreed to go public through a merger with Leo Holdings III Corp. (LIII), a publicly-traded special purpose acquisition company. The transaction values the combined company at an equity value of $1.1 billion and upon closing of the transaction,...

Sykes Enterprises, Inc. (SYKE), a full life cycle provider of customer experience management services, Friday said it has agreed to be acquired by Sitel Group at a purchase price of $54 per share in a deal valued at around $2.2 billion on a fully diluted basis. In pre-market activity on Nasdaq, Sykes...

Genesco Inc. (GCO) urged its shareholders to vote "FOR" all nine of the company's Directors on the BLUE Proxy Card. The company's Annual Meeting of Shareholders is scheduled to be held on July 20, 2021. Shareholders of record as of close of business on June 28, 2021 will be entitled to vote at the...

Moderna Inc. (MRNA) commits to hiring at least 155 new Massachusetts-based employees for high-tech manufacturing positions in 2021 and retaining them through 2025. Over the last year, Moderna nearly doubled the size of its workforce, from about 830 employees as of March 31, 2020 to about 1,500 employees...

Japanese conglomerate Toshiba Corp. (TOSYY.PK, TOSBF.PK) Friday said it will accelerate the selection process for a successor to Satoshi Tsunakawa as CEO that can drive the changes needed in Toshiba in the medium term. In an open letter to the company's shareholders, Osamu Nagayama, Chairperson of...

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