GM Defense and Black Sage Technologies announced a teaming agreement to explore the development of a Counter Unmanned Aerial System solution for use on GM Defense military vehicles provided to global defense and government customers. The companies will collaborate on the research, development and market...
Swedish home appliance major Electrolux AB (ELUXY.PK) announced Tuesday that it will set a provision of approximately SEK 650 million in connection to the previously reported investigation of alleged breaches of antitrust rules in France between 2009 and 2014.
A minor part of the provision relates...
BioLight Life Sciences Ltd. announced Tuesday it has signed a research collaboration agreement with Alexion Pharmaceuticals, Inc. (ALXN), a subsidiary of AstraZeneca plc (AZN, AZN.L), focusing on exploring a groundbreaking technology that utilizes natural tears for the potential diagnosis of retinal...
SatixFy Communications Ltd. (SATX) announced the appointment of Nir Barkan as Acting Chief Executive Officer, effective June 1, 2023. He replaces the current CEO, Ido Gur.
Nir Barkan previously served as SatixFy's Chief Commercial Officer from 2014 until 2018. Prior to rejoining SatixFy, from 2018...
Akebia Therapeutics Inc. (AKBA) said Tuesday that it received a written response from the Office of New Drugs or OND of the U.S. Food and Drug Administration (FDA) to Akebia's Formal Dispute Resolution Request regarding the Complete Response Letter (CRL) received in March 2022 for vadadustat.
In Tuesday...
Resolute Forest Products Inc., (RFP), on Tuesday said it has agreed to sell its Thunder Bay pulp and paper mill to an affiliate of Atlas Holdings.
Financial terms of the deal have not been divulged.
Upon closing the transaction, the parties will also sign a long-term woodchip and biomass supply...
Biopharmaceutical company Atea Pharmaceuticals, Inc. (AVIR) announced Tuesday that its Board of Directors unanimously rejected the unsolicited proposal from Tang Capital Partners, LP on behalf of Concentra Biosciences, LLC to acquire all outstanding common shares of Atea for $5.75 per share in cash,...
Magnachip Semiconductor Corp. (MX) announced Tuesday that the Company is separating its display and power businesses into separate entities, following approval by its board of directors and strategic review committee.
The Company plans to effectuate the internal separation by establishing a new subsidiary...
Stratasys Ltd. (SSYS), a 3D printing solutions provider, announced Tuesday that its Board of Directors unanimously rejected the partial tender offer by Nano Dimension Ltd. (NNDM), noting that the $18 per share cash offer substantially undervalues the firm and is not in the best interests of its shareholders.
As...
JBT Corporation (JBT) has entered into a definitive agreement to sell its AeroTech
business to Oshkosh Corporation (OSK) in an all-cash deal valued at $800 million. JBT expects to use the net proceeds consistent with its stated capital allocation priorities, including debt repayment and continued disciplined...
Imaflex Inc. (IFX.V), a plastic company, said on Tuesday that it has appointed Roger Tambay as President and Chief Executive Officer with immediate effect.
Tambay will replace outgoing President and CEO, Joe Abbandonato.
The new CEO brings over three decades of experience in the polymer and...
Drug major Pfizer Inc. (PFE) announced Tuesday that the pivotal Phase 3 BASIS clinical trial (NCT03938792) evaluating marstacimab has met its primary endpoints, having demonstrated statically significant and clinically meaningful effects.
Marstacimab is a novel, investigational anti-tissue factor...
Coherent Corp. (COHR) said it expects to incur approximately $150 million to $200 million of pre-tax charges primarily as a result of the reduction in force and facility consolidations related to the closure and relocation of sites. On May 23, 2023, the Board approved the company's May 2023 Restructuring...
ANEW MEDICAL has entered into a definitive merger agreement with Redwoods Acquisition Corp. (RWOD), a special purpose acquisition company. The pro forma enterprise value of the combined company is up to $94 million, which includes up to $54 of cash held in the trust account of Redwoods, which is subject...
Elbit Systems Ltd, (ESLT), a defense manufacturer and supplier, on Tuesday reported that its first-quarter net income attributable to shareholders was $62.1 million, higher than last year's $52.8 million.
Earnings per share were $1.40, as compared to $1.19 in the first quarter of 2022.
Adjusted...