Siemens expects its spin-off Siemens Energy to reach a market value of above 17 billion Euros ($19.98 billion) when it hits the Frankfurt stock exchange, a source familiar with the matter said.Accordi...
During Wednesday trading, shares of Aker Carbon Capture (ACC-ME.OL) and Aker Offshore Wind (AOW-ME.OL) surged on their stock market debut in Oslo. The surge led to a boost in the Aker conglomerate spi...
Bausch Health Companies earlier announced its plan to spin off its eye care business, Bausch + Lomb. This announcement came after the company released its June quarter results earlier this month. On A...
General Motors (GM) shares rallied 3.1% in the morning of Monday trading, putting the automaker on track for closing high in 2 months.Deutsche Bank analyst Emmanuel Rosner included GM on the firm’s ...
The managers of ANT Group, a subsidiary of Alibaba is in plans to offer 15% of the company in an initial public offering, placing a value of $200 billion on the financial technology business. With...
As InterActiveCorp (IAC) recently finalized the distribution of its majority stake in Match.com to shareholders, its shares were trading lower on Monday, following the first earnings report. IAC is...
The Canada-based drugmaker Bausch Companies Inc (BHC). announced on Thursday that it plans to spin off its eye care business, Bausch + Lomb, into an independent publicly listed company. Following the ...
The Boston-based biotech firm, Cerevel Therapeutics, which spun out of Pfizer in 2018 has announced that it will go into a merger with another company, and also go public.The merger deal was announced...
One of the world’s leading firearms and accessories provider, Smith & Wesson announced on Friday that its board of directors had approved the spinoff of its outdoor products and accessories busi...
Mexico City-based Alfa (ALFAA.MX) announced on Friday that will spin off the remaining of its 75% stake in Nemak (NEMAKA.MX), which caused the company's stock to surge 17%. Stakeholders are currently ...