Illustration: Lazaro Gamio / Axios The health care industry has leapt into an arms race of mergers and acquisitions — but it’s not clear whether, or how much, those deals would ultimately benefit patients. Why it matters: Executives say the deals will save money and improve care. But independent research does not support those claims, and the ... Read More »
Investors expecting a deal this year in Tata Steel’s talks to merge its European assets with Germany’s Thyssenkrupp risk disappointment, given complications associated with the Indian-owned firm’s British pension scheme. Tata and Thyssenkrupp shares have firmed on hopes a merger would trigger European steel capacity cuts. Tata Steel UK, Britain’s ... Read More »
Agri-chemical giant Monsanto rejected another merger offer from Bayer on Tuesday, signaling it is open to proposals from other companies. After Bayer upped its offer from $62 to $65 billion, or $125 per share, Monsanto’s board unanimously rejected it, calling it “financially inadequate,” adding “Monsanto remains open to continued and ... Read More »
office Depot and Staples, the largest U.S. workplace suppliers, on Tuesday canceled plans to merge after a federal judge sided with the Federal trade fee over antitrust concerns. U.S. District choose Emmet Sullivan blocked the $6.three billion deal because the FTC met the “burden ofshowing that there is an inexpensive ... Read More »
NEW YORK: US pharmaceutical giant Pfizer said Wednesday it was abandoning plans for a $160 billion merger with Allergan, citing new US rules cracking down on tie ups aimed at saving on taxes. The deal with the Irish-based firm would have created the world’s largest pharmaceutical company. Pfizer said in ... Read More »
The tie-up will create one of the largest exchange companies in the world with a combined value of about £21bn. Under the terms of the deal, LSE shareholders will own 45.6% of the new holding company, while Deutsche Boerse shareholders will own 54.4%. LSE chief executive Xavier Rolet said the ... Read More »
