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Electra Gruppen AB and Elon Group Holding AB have reached an agreement under which Electra and Elon Group AB merge. Following the deal, Elon Group Holding will be the largest shareholder in the combined group and own 65 percent of the shares and votes. Electra will be acquiring all shares in Elon...

Infosys (INFY) has announced a strategic collaboration with the Financial Times. Under the partnership, Infosys will leverage digital innovation to support the creative data-led storytelling experiences for FT's readers. The FT and Infosys will also develop a 'crossword app', digitizing the traditional...

Equinix, Inc. (EQIX) announced intended acquisition of MainOne, a West African data center and connectivity solutions provider, with presence in Nigeria, Ghana and Côte d'Ivoire. The deal has an enterprise value of $320 million. The company expects the acquisition to be AFFO accretive upon close, excluding...

Stellantis N.V. (STLA), comprising Fiat Chrysler Automobiles N.V. and France's Peugeot S.A., said Tuesday that it targets incremental revenue of about 4 billion euros annually by 2026 and about 20 billion euros by 2030, driven by software-enabled product offerings and subscriptions. Stellantis said...

British American Tobacco plc. (BATS.L, BTI) Tuesday said it is confident in delivering 2021 financial guidance based on continued strong momentum across New Categories. In its trading update ahead of closed period commencing January 1,2022, the company said revenue growth at constant currency is expected...

AstraZeneca Plc. (AZN.L, AZN) Tuesday said it has entered into a new global development and commercialisation agreement with Ionis Pharmaceuticals, Inc. for eplontersen, formerly known as IONIS-TTR-LRX. The companies will jointly develop and commercialise eplontersen in the US, while AstraZeneca will...

Symrise (SYIEY.PK, SYIEF.PK) has signed a purchase agreement for the acquisition of Giraffe Foods Inc. Based in Mississauga, Ontario, Canada, Giraffe Foods is specialized in the formulation and manufacturing of custom flavor solutions for North American B2B customers in the food service, home meal replacement...

Swiss engineering company ABB Ltd.(ANN.L, ABB) Tuesday said it has lifted its revenue growth target to 4-7 percent through the economic cycle, in constant currency, which is the total of 3-5 percent organic growth and 1-2 percent acquired growth. ABB also sharpened its operational EBITA margin target...

Roche (RHHBY) announced the research use only launch of three new automated digital pathology algorithms, uPath Ki-67 (30-9), uPath ER (SP1) and uPath PR (1E2) image analysis for breast cancer. The company noted that manual methods for quantification of the breast cancer markers can be time consuming...

John Stankey, chief executive officer of AT&T Inc. (T), characterized current wireless industry demand trends as healthy, noting that any seasonal uptick in competition remains broadly in line with historical trends. He remains confident in the sustainability of AT&T's wireless momentum, which he attributed...

Eastman Chemical Company (EMN) said that it has reached an accelerated share repurchase agreement with Barclays Bank and Royal Bank of Canada to repurchase $500 million of Eastman's common stock. The accelerated share repurchase is in addition to previously planned repurchases, and the company is...

Intel Corp. (INTC) said that it plans to take its self-driving car business, Mobileye, public in the United States in mid-2022 through an initial public offering of newly issued Mobileye stock. Intel will remain the majority owner of Mobileye. Mobileye went public in 2014. It was acquired by Intel...

Samsung Electronics Co Ltd said that it promoted Jong-Hee Han to Vice Chairman and co-CEO. He will lead the newly created SET Division, which merged the consumer electronics and IT and mobile communications divisions. He continues to head the Visual Display Business. Kyehyun Kyung, who has been the...

ProSiebenSat.1 Media (PBSFF.PK) said that its Supervisory Board Chairman, Werner Brandt (67), has decided not to stand for re-election to the Supervisory Board at the Annual General Meeting on May 5, 2022 after eight years and two election periods. The Supervisory Board intends to elect Dr. Andreas...

Kinder Morgan, Inc. (KMI) Monday announced its preliminary 2022 financial projections. The company also plans to distribute a $1.11 dividend per share and buyback up to $750 million shares in the next fiscal year. Looking forward to full year 2022, Kinder Morgan expects to generate net income of $1.09...

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