Lowes News

Spring is usually one of the busiest times of the year for home improvement stores like Lowe’s. The season creates roughly 30% of annual sales on average. Spring is to Lowe’s and Home Depot what Christmas is to Macy’s. Gardening usually pick up and customers start getting ready for home renovation projects during the warmer […]

Sanofi to buy US Synthorx for $2.5B

French pharmaceutical giant Sanofi said it agreed to pay $2.5 billion in cash for California-based biotechnology firm Synthorx. Shareholders of Synthorx will receive $68 per share they own, a 172% premium closing price on December 6. The parties expect the deal to close in first quarter of next year. Sanofi will merge with Synthorx following […]

Icahn pushes HP to talk merger with Xerox

Activist investor Carl Icahn is pushing personal computers maker HP to hold merger discussions with Xerox. The veteran investor said that the company’s current restructuring plans amount “to little more than rearranging the deck chairs on the Titanic.” A potential combination could yield over $2 billion in synergies, Icahn said. Data compiled by Bloomberg shows […]

Japan’s Astellas to pay $3B for US Audentes

Japanese pharmaceutical company Astellas Pharma agreed to acquire US peer Audentes Therapeutics for about $3 billion in cash. Audentes shareholders will receive $60 for each share they own. The transaction price represents a 110% premium to Audentes closing price on Monday. The deal was approved by both boards and recommended shareholders to do the same. […]

Charles Schwab buys TD Ameritrade for $25B, creates brokerage behemoth

The Charles Schwab Corporation has agreed to acquire TD Ameritrade for $26 billion in an all-stock transaction. TD Ameritrade shareholders will receive 1.0837 Schwab shares per share they own. The price is a 17% premium over the 30-day volume average price as of November 20, 2019. According to Schwab, the acquisition will add 12 million […]

LVMH buys Tiffany for $16.2B

French luxury group LVMH has agreed to acquire jeweler Tiffany & Co for $16.2 billion in cash. Tiffany shareholders will receive $135 in cash for every share they own. The acquisition aims to strengthen LVMH’s position in the jewelry and watches segments. The deal will also increase the luxury company’s presence in the United States. “We […]

Novartis to pay $9.7B for US-based The Medicines

Switzerland-based Novartis agreed to buy US biotechnology firm The Medicines Company for $9.7 billion. Shareholders of Medicines will receive $85 per share in cash, a 24% premium over the closing price on November 22. Additionally, the price also represents a premium of 41% over the company’s 30-day volume weighted average price of $60.33 per share. […]

BB&T, SunTrust merger secure final regulatory nods

The US Federal Reserve and the Federal Deposit Insurance Corporation have approved the BB&T and SunTrust merger. The deal is the biggest combination between banks since the financial crisis of 2008. The two companies announced the $66 billion merger in February. It will create Truist Financial Corporation and will become sixth-largest bank in the US. […]

Novartis considers takeover offer for US-based Medicines

Swiss pharma company Novartis is weighing in a bid for New Jersey-based biotechnology firm The Medicines, Bloomberg reported. Novartis declined to comment. However, two sources told Reuters that the pharmaceutical firm is eyeing a $5 billion purchase in the US. Yet, the sources did not identify a target company. The Medicines’ shares jumped 19.6% to […]

United Bankshares, Carolina Financial to merge

United Bankshares and Carolina Financial Corporation announced that they will merge their operations. As part of the agreement, Carolina shareholders will receive 1.13 of United’s shares per share they own. This transaction value stands at about $1.1 billion and boards of both companies approved the merger. The combined entity will become one of 35 largest […]